Purchase rounds out Japan firm’s impressive slate of managed security services
NTT Security, the infosec services unit of Japanese ICT giant Nippon Telegraph and Telephone, said it plans to buy WhiteHat Security, a San Jose, California-based purveyor of cloud application development security and analysis tools and services.
The Lowdown: Financial terms were not disclosed. Post-acquisition, WhiteHat Security will operate as an independent, wholly owned subsidiary of NTT Security Corp., officials said. Along with adding DevSecOps capabilities to NTT’s bill of fare, the move will give current WhiteHat customers and partners access to NTT Security’s broad array of consulting and managed security services.
The Details: WhiteHat offers several cloud-based tools for dynamic and static application security testing and analysis for developers, along with a roster of related professional services. Its chief competitors include IBM, Checkmarx, and especially Veracode, the former CA/Broadcom subsidiary that was sold to Thoma Bravo for $950 million in November.
Background: Founded in 2001 by well-known infosec figure and former Yahoo CISO Jeremiah Grossman, WhiteHat Security has raised over $50 million across seven funding rounds.
The Buzz: “NTT Security’s overarching goal is to provide comprehensive, game-changing cybersecurity solutions that address the broader needs of digital transformation. WhiteHat is recognized globally as a leader and pioneer in the application security cloud services and DevSecOps spaces,” said Katsumi Nakata, CEO of NTT Security. “By bringing WhiteHat Security into our portfolio, we are now well positioned to deliver on our vision of securing a smart and connected society by providing comprehensive security solutions for enterprises undergoing digital transformation.”
“WhiteHat has been at the center of application security, providing wide-reaching solutions to its customers and partners, and we will continue to invest in our people and technologies to maintain that leadership,” said WhiteHat CEO Craig Hinkley. “The synergy between our two security-focused companies will enable our partners, customers, and prospects to benefit from our combined cybersecurity solutions.”