Flexera Software Acquires Open Source Application Security Provider, Palamida
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