- It aims to deliver a holistic security solution, as part of JFrog’s DevOps Platform, from development all the way to edges, IoT and devices.
- The deal is valued at approximately $300 million
JFrog Ltd has announced the closing of the previously reported acquisition of product security company Vdoo Connected Trust Ltd. It said that the acquisition fuels JFrog’s security and runtime technology expansion. It aims to deliver a holistic security solution, as part of JFrog’s DevOps Platform, from development all the way to edges, IoT and devices.
The deal is valued at approximately $300 million, subject to adjustments as set forth in the purchase agreement for a cash-free, debt-free basis, comprised of approximately $210 million in cash and 1,934,198 in JFrog ordinary shares. JFrog will share financial and operational updates during its second quarter earnings call on August 5th, 2021.
JFrog, the creator of the DevOps platform, is on a “Liquid Software” mission to enable the flow of software seamlessly and securely from the developer’s keystrokes to production.The end-to-end, hybrid JFrog Platform provides the tools and visibility required by modern software development organizations to fully embrace the power of DevOps.
