The acquisition will give Snyk customers enhanced license compliance and deeper C/C++ support.
This week Snyk announced its acquisition of FossID. The new acquisition gives Snyk a software composition analysis tool that scans code for open source licenses and vulnerabilities. Stockholm-based FossID aims to help developers detect all footprints of free and open source software (FOSS) within code bases. Their analysis tool encompasses erverything from entire components to code snippets. The company’s solution also covers license obligations and compliance issues.
FossID was founded in 2016 with a team that was deeply familiar with the complexities of open source software used within legacy as well as embedded modern applications. The company has since managed to compile an impressive list of Fortune 500 organizations as customers. Their client base spans a range of verticals like automotive, financial services, manufacturing, technology and telecommunications.In addition, FossID has earned a strong reputation with developers using C/C++.
Foregrounding the developer community and C/C++
Snyk plans to integrate FossID’s capabilities into their Software Composition Analysis (SCA) product, Snyk Open Source. The company says this will extend the developer-first security and license compliance mindset and experience to teams worldwide currently leveraging C/C++.
Over six million developers using C/C++ to build their applications today, according to Snyk. These include teams both modernizing legacy applications and building new embedded Internet of Things (IoT) applications. FossID’s technology will allow Snyk to reach a larger percentage of the current 27 million developers worldwide, they say.
“With FossID’s powerful capabilities to find, fix and monitor vulnerabilities in all forms of open source software, Snyk is now accelerating our vision to bring security to every developer in the world,” said Peter McKay, CEO, Snyk.
“Together with this world class team, we look forward to reaching millions more of the world’s developers, empowering them to build applications securely while also staying a step ahead of their competition.”
Oskar Swirtun, Co-Founder and CEO, FossID, added: “This is a perfect fit for both the Snyk and FossID teams, and we’re proud to play a crucial role in this next phase of the Snyk journey.”
The acquisition of FossID is Snyk’s third within the last six months, following the successful purchases of Manifold in January 2021 and DeepCode in October 2020.