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HP to acquire SPI Dynamics
Published: 2007-06-19

Hewlett-Packard announced on Tuesday that the technology giant has agreed to buy Web security assessment company SPI Dynamics for an undisclosed sum.

The Atlanta-based security firm develops technology to assess Web site and application risks from development to deployment. The number of vulnerabilities in Web applications has skyrocketed in recent years, making up the lion's share of software flaws disclosed each year.

"Today, HP Software provides solutions that ensure that business applications run well," Jonathan Rende, vice president of products for HP's Quality Management Software group, said in a statement. "Now with the addition of SPI Dynamics, we can make sure it is also secure.”

The acquisition news comes two weeks after IBM revealed it had agreed to buy compliance and security firm Watchfire. IBM did not disclose the terms of that deal.

The Atlanta-based SPI Dynamics has 140 employees serving customers in government, finance and healthcare.



Posted by: Robert Lemos
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