Israeli liquid software company JFrog (Nasdaq: FROG) has finalized a deal to acquire to acquire Israeli cybersecurity firm Vdoo Connected Trust Ltd. in a cash and stock-based deal valued at approximately $300 million — $210 million is in cash and $90 million is in JFrog shares. JFrog currently holds a market cap around the $4.7 billion mark.
Founded in 2008, JFrog boasts that its products seamlessly integrate with practically any development environment on Earth, from legacy code to the most recent containers and micro-services. JFrog says that it is on a mission to enable the flow of software “seamlessly and securely from the developer’s keystrokes to production.” The end-to-end, hybrid JFrog Platform, boasts the company, provides the “tools and visibility required by modern software development organizations to fully embrace the power of DevOps.”
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As part of the integration process, JFrog will triple the size of its security experts team – including engineering, marketing, and sales – with employees that will be located in Israel, Germany, Japan and North America.
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In 2021, JFrog will expand JFrog Xray vulnerability detection to include Vdoo’s extensive data and improved scanning across multiple dimensions, including configuration and applicability scanning. In addition, JFrog expects to fully integrate Vdoo’s technology into its DevOps platform to provide an industry-leading, all-in-one, continuous, holistic secured platform in 2022.
JFrog’s universal, multi-cloud DevOps platform is available as open-source, self-managed and SaaS services on AWS, Microsoft Azure and Google Cloud. JFrog has millions of users and thousands of customers, including a majority of the Fortune 100 companies that depend on JFrog solutions to manage their mission-critical software delivery pipelines.
Vdoo states that it provides an end-to-end product security platform for automating all software security tasks throughout the entire product lifecycle, “ensuring all findings are prioritized, communicated, and mitigated.” The company boasts that they have a “powerful” vertical-agnostic platform serves product security stakeholders and developers in a variety of industries, helping them “dramatically reduce cyber security risks while creating new business opportunities.”
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“Vdoo empowers the connected products ecosystem – device manufacturers, OEM/ODMs, vendors, operators, certification bodies, regulators, integrators, asset owners, and companies that deploy connected devices.”
“We are excited to have Vdoo join the JFrog family,” said Shlomi Ben Haim, co-founder and CEO of JFrog. “It is clear to us that the joint vision of changing the way software is being created, released, and updated to the edge will be our compass as we offer the market a binary-focused solution to secure their organization’s software assets. This move will amplify JFrog’s current success with our security solution, JFrog Xray, and create the expectation that ‘fearless releases’ will be the experience for both Security and Development teams.”
“This proposed acquisition is a great fit for both our companies,” said Netanel (Nati) Davidi, co-founder and CEO of Vdoo. “We share a vision around DevOps and security: if any DevOps company isn’t also a security company, it is solving only a small piece of the puzzle. We’re proud that our team has focused on being hybrid and holistic, and integrated across all dimensions throughout the software delivery life cycle. We look forward to continuing to power this Liquid Software mission as part of JFrog, and anticipate industry-changing innovations from the joint team.”
“This proposed acquisition is a great fit for both our companies,” said Netanel (Nati) Davidi, co-founder and CEO of Vdoo. “We share a vision around DevOps and security: if any DevOps company isn’t also a security company, it is solving only a small piece of the puzzle. We’re proud that our team has focused on being hybrid and holistic, and integrated across all dimensions throughout the software delivery life cycle. We look forward to continuing to power this Liquid Software mission as part of JFrog, and anticipate industry-changing innovations from the joint team.”
