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Flexera Software Acquires Open Source Application Security Provider, Palamida

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We have some exciting news to announce today. Flexera Software has just acquired Palamida, a major provider of Software Composition Analysis solutions for open source software.

This is terrific news for Flexera, our customers and partners. Our business sits at the nexus between the world’s software producers and buyers – repairing the broken software supply chain, which is the most dysfunctional supply chain in all of business today.  That dysfunction manifests as risk and cost – to both the producers of software and the enterprises that buy software – as they solve the complex, time consuming, and expensive problems of ensuring licensing compliance and security from vulnerabilities.

We estimate that the cost to software producers and their customers as a result of the broken software supply chains is many tens of billions of dollars per year globally.  And that’s just looking at commercial software.  Organizations are only just now beginning to look more closely at the costs and risks of open source – and the scope of the problem is dazzling. This acquisition is a natural fit for us, extending our ability to help customers manage the compliance and security risk inherent in the under-managed, uncharted world of open source software components.

Read the entire article here, Flexera Software Acquires Open Source Application Security Provider, Palamida

via the fine folks at Flexera Software

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Flexera Software Flexera Software helps application producers and enterprises increase application usage and the value they derive from their software. Our next-generation software licensing, compliance and installation solutions are essential to ensure continuous licensing compliance, optimized software investments and to future-proof businesses against the risks and costs of constantly changing technology. Over 80,000 customers turn to Flexera Software as a trusted and neutral source for the knowledge and expertise we have gained as the marketplace leader in licensing, installation and compliance for over 25 years and for the automation and intelligence designed into our products.

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