Snyk acquires FossID software composition analysis tool

2021-05-12 22:45

Snyk announced its acquisition of FossID, a software composition analysis tool that scans code for open source licenses and vulnerabilities.

Based in Sweden, FossID was founded with a mission to give developers a solution that detects all footprints of free and open source software within code bases, from entire components to code snippets and including license obligations and compliance issues.

By joining forces with Snyk, FossID's capabilities will be integrated into Snyk's Software Composition Analysis product, Snyk Open Source, extending the developer-first security and license compliance mindset and experience to teams worldwide currently leveraging C/C++.

"With FossID's powerful capabilities to find, fix and monitor vulnerabilities in all forms of open source software, Snyk is now accelerating our vision to bring security to every developer in the world," said Peter McKay, CEO, Snyk.

"As FossID's employees today become Snykers, I believe our founding mission - to help companies to achieve maximum open source adoption efficiency - evolves and expands with the scope of the opportunity now in front of us," said Oskar Swirtun, Co-Founder and CEO, FossID. "This is a perfect fit for both the Snyk and FossID teams, and we're proud to play a crucial role in this next phase of the Snyk journey."

Due in part to several key automotive and semiconductor customers, FossID additionally brings to Snyk a strong customer base both in Europe as well as across APJ..

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