Feeds

HP buys web security firm SPI

Crosses swords with IBM's Watchfire

Intelligent flash storage arrays

Two weeks ago, Hewlett-Packard stared jealously across the street as IBM pulled into the driveway with a brand new web application security specialist company. Not to be outclassed by a neighbor, HP has bought one too.

SPI Dynamics

Hewlett-Packard inked an agreement to acquire security firm SPI Dynamics to match Big Blue's Watchfire purchase. The company will use SPI to strengthen security in business systems such as e-commerce websites or financial and supply chain applications.

Financial terms were not disclosed for the deal, which is expected to close in the third quarter of 2007.

SPI Dynamics is a privately-held, Atlanta-based security firm with about 140 employees. It claims to serve more than 1,000 customers in the federal government, financial services and health care industries. When the deal is completed, SPI will be assimilated into the software unit within HP's Technology Solutions Group.

"For more than five years we have partnered with HP, so I am very pleased to be joining forces to better serve our customers and partners," SPI CEO Brian Cohen said.

IBM may have just set off a purchasing frenzy for big players eager to bolster security in their developer tools. The market is swimming with privately held security firms — and companies such as Cisco, EMC, Oracle and Sun tend to swallow other companies rather than develop in-house code. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Knock Knock tool makes a joke of Mac AV
Yes, we know Macs 'don't get viruses', but when they do this code'll spot 'em
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Why weasel words might not work for Whisper
CEO suspends editor but privacy questions remain
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
BlackEnergy crimeware coursing through US control systems
US CERT says three flavours of control kit are under attack
China is ALREADY spying on Apple iCloud users, claims watchdog
Attack harvests users' info at iPhone 6 launch
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.