Datadog, Inc. (NASDAQ: DDOG), a NYC-based monitoring and security platform for cloud applications, is to acquire Hdiv Security, a Gipuzkoa, Spain-based security-testing software provider.
The amount of the deal – which is subject to certain customary closing conditions, including receipt of required regulatory approvals, and expected to close before the end of Q3 2022, was not disclosed.
The addition of Hdiv Security’s capabilities will enable Datadog to enhance a comprehensive approach to application security via its cloud platform.
Led by Roberto Velasco, Founder and CEO, Hdiv Security provides a platform that monitors application behavior to provide accurate detection of both known and unknown (zero-day) vulnerabilities at runtime. This enables developers to assess, track and monitor risk from running applications. Developers can flag vulnerabilities where and when they matter most, so that critical vulnerabilities are surfaced and remediated quickly.
Datadog provides a monitoring and security platform for cloud applications. Its SaaS platform integrates and automates infrastructure monitoring, application performance monitoring and log management to provide unified, real-time observability of its customers’ entire technology stack. Datadog is used by organizations of all sizes and across a wide range of industries to enable digital transformation and cloud migration, drive collaboration among development, operations, security and business teams, accelerate time to market for applications, reduce time to problem resolution, secure applications and infrastructure, understand user behavior and track key business metrics.
FinSMEs
06/05/2022