Veracode, a cloud-based application security testing company, has acquired the assets of Marvin Mobile Security, a developer of a mobile application analysis service for enterprises, app stores and mobile carriers. Terms of the deal were not disclosed. Veracode is backed by Meritech Capital Partners, Atlas Venture, .406 Ventures and StarVest Partners.
Veracode, Inc., the leader in cloud-based application security testing, today announced it has acquired the assets of Marvin Mobile Security, the developer of an innovative mobile app analysis service for enterprises, app stores and mobile carriers. Terms of the deal were not disclosed.
Marvin’s cloud-based service offers a fast and effective solution for enterprises facing growing security and privacy concerns posed by the expanding Bring Your Own Device (BYOD) trend. Marvin’s technology performs mobile application testing and returns detailed reports on every aspect of the app’s capabilities and behavior, including malware detection, the potential for data leakage and privacy loss. The acquisition complements Veracode’s mobile offering, which has focused on the security requirements of the mobile app development lifecycle. The combined technology will equip the enterprise with the necessary intelligence to manage and enforce risk-based mobile app policies within their organization.
“Veracode has been helping customers secure mobile apps by offering automated vulnerability detection on Android and iOS platforms, and with Marvin’s technology we can more fully enable customers to address the security and privacy concerns created by the rapid adoption of mobile apps,” said Bob Brennan, CEO of Veracode. “Organizations can quickly gain the intelligence they need to prevent attacks and reduce the risk of information loss that often accompanies an increasingly mobile infrastructure.”
App Stores and enterprises will be able to leverage Veracode for vetting mobile apps before accepting them into their technology ecosystem and also integrate this capability with their existing investments in control point technologies such as Mobile Device Management (MDM) or Mobile Application Management (MAM) products.
“We are thrilled to be joining Veracode. We believe their position as an application security-as-a-service leader, combined with Marvin’s mobile app security service, will allow customers to safely embrace the BYOD trend,” said Theodora Titonis, Founder and CEO of Marvin Mobile Security. “We share Veracode’s passion for a more secure world, and through this acquisition we’ll deliver the most innovative, comprehensive mobile app protection in the marketplace.”
Veracode invites app stores, enterprises, MDM and MAM service providers to visit the link below for more information: https://info.veracode.com/mobile-info-request.html .
About Marvin Mobile Security
Marvin Mobile Security was founded on a simple yet powerful idea: program the machines to learn to adapt and protect themselves against malware. Marvin provides a highly innovative mobile security solution that can be easily incorporated into Mobile Device Management (MDM), Enterprise Mobile Management (EMM), and Mobile Application Management (MAM) solutions. Enterprises, app stores, and Mobile Network Operators (MNOs) can leverage this technology to gain intelligence on mobile apps to protect their brand and ensure that sensitive corporate data is secure from malicious apps including zero-days or previously unknown variants.
Veracode is the only independent provider of cloud-based application intelligence and security verification services. The Veracode platform provides the fastest, most comprehensive solution to improve the security of internally developed, purchased or outsourced software applications and third-party components. By combining patented static, dynamic and manual testing, extensive eLearning capabilities, and advanced application analytics, Veracode enables scalable, policy-driven application risk management programs that help identify and eradicate numerous vulnerabilities by leveraging best-in-class technologies from vulnerability scanning to penetration testing and static code analysis. Veracode delivers unbiased proof of application security to stakeholders across the software supply chain while supporting independent audit and compliance requirements for all applications no matter how they are deployed, via the web, mobile or in the cloud. Veracode works with customers in more than 80 countries worldwide representing Global 2000 brands.
SOURCE: Veracode, Inc.