GitLab Acquires Oxeye to Advance Application Security & Governance Capabilities
- GitLab acquires Oxeye, a cloud-native application security provider.
- The acquisition aims to enhance GitLab's SAST roadmap.
- Oxeye's capabilities will improve security scanning technology and provide actionable insights.
- The acquisition aligns with GitLab's commitment to delivering best-in-class performance to customers.
- Financial terms of the transaction were not disclosed.
- None.
The acquisition of Oxeye by GitLab signifies a strategic move to enhance GitLab's security offerings within its DevSecOps platform. The integration of Oxeye's cloud-native application security testing into GitLab's existing suite will address a critical need in the software development industry for comprehensive security solutions that can manage risks throughout the development lifecycle. This move is particularly pertinent given the increasing complexity of applications and the rapid shift to cloud-native architectures.
By focusing on Static Application Security Testing (SAST), GitLab is targeting a foundational element of secure coding practices. SAST tools are essential in identifying potential security vulnerabilities in the codebase without executing the program. The acquisition's emphasis on reducing false positives and providing actionable insights is a significant advancement, as these are common pain points in SAST tools that can lead to inefficiencies in vulnerability management processes.
The ability to trace vulnerabilities from 'code to cloud' suggests a more holistic approach to security, acknowledging that risks are not static and can evolve as the application moves through different stages of deployment. This capability will likely be a differentiator in the market, providing developers and security teams with a more dynamic and context-aware toolset.
From a market perspective, GitLab's acquisition of Oxeye is indicative of the ongoing consolidation within the DevSecOps sector. As companies increasingly prioritize software security, the demand for integrated platforms that offer end-to-end security capabilities is growing. GitLab's move to acquire Oxeye could be seen as an effort to stay ahead of competitors by offering a more comprehensive solution.
The acquisition may have a positive impact on GitLab's market positioning. Forrester's recognition of GitLab as a leader in integrated software delivery platforms underscores the company's strong standing in the industry. Enhancing their security capabilities could further solidify this position and potentially attract new customers looking for robust DevSecOps solutions.
However, without the disclosure of financial terms, it's challenging to assess the immediate financial impact of this acquisition on GitLab's bottom line. Long-term, the integration of Oxeye's technology could lead to increased revenue through upselling to existing customers and attracting new ones, but it will be essential to monitor customer adoption and satisfaction rates post-acquisition.
The strategic acquisition of Oxeye by GitLab could have implications for investors, particularly in how it may affect GitLab's future revenue streams and market share. By enhancing their SAST capabilities and expanding their security portfolio, GitLab is addressing a growing segment within the software development market. This move could potentially increase GitLab's attractiveness to investors by showcasing the company's proactive approach to growth and adaptation to evolving market needs.
Investors will be interested in how this acquisition will translate into GitLab's operational efficiency and whether it will lead to cost savings or improved margins through synergies. The lack of financial details makes it difficult to predict the immediate impact on GitLab's financial performance, but investors will likely look for indications of the acquisition's success in future earnings reports and updates on market share.
It's also worth noting that the software security market is highly competitive, with many players vying for leadership. GitLab's ability to integrate Oxeye effectively and deliver on the promised enhancements will be critical in maintaining investor confidence and justifying the acquisition's value.
Already recognized as the only Leader in Integrated Software Delivery Platforms by an independent research firm, GitLab’s DevSecOps platform combines best-in-class, robust security, governance, and AI/ML across the software development lifecycle
SAN FRANCISCO, March 20, 2024 (GLOBE NEWSWIRE) -- All Remote - GitLab Inc., the most comprehensive AI-powered DevSecOps platform, today announced it has acquired Oxeye, the provider of an award-winning, cloud-native application security and risk management solution. With the acquisition of Oxeye, GitLab will accelerate its Static Application Security Testing (SAST) roadmap. Oxeye’s capabilities will also augment GitLab’s software composition analysis and compliance tools.
Oxeye offers an automated cloud-native application security testing solution to help customers identify and resolve application-layer risks across the software development lifecycle. Its capabilities beyond SAST include the ability to trace vulnerabilities from “code to cloud” by providing runtime context via different types of data collection and analysis.
Following the acquisition, GitLab’s security capabilities will include enhanced SAST scanning technology to reduce false positives and deliver highly accurate results and actionable insights. These capabilities will provide developers and security professionals with the information needed to streamline vulnerability management and remediation, making it even easier for customers to build secure applications.
Recently, Forrester recognized GitLab as the only Leader in The Forrester Wave™: Integrated Software Delivery Platforms, Q2 2023. The report included a customer’s comment on the platform, noting that “The CI/CD experience using secrets, environments, runners, and SAST/DAST/license scans/etc. is unparalleled.” The acquisition announced today marks GitLab’s continued commitment to deliver best-in-class performance to customers.
Financial terms of the transaction were not disclosed. For more information, read the blog.
Supporting Quotes
“We’re excited to welcome Oxeye as the team shares our vision for delivering value throughout the entire software development lifecycle,” said David DeSanto, chief product officer, GitLab. “This acquisition will accelerate GitLab’s SAST category roadmap and expand GitLab’s risk management capabilities. By combining Oxeye’s cloud-native application security solution with GitLab’s industry-leading DevSecOps platform, customers benefit from the ability to secure new and emerging technologies while increasing developer velocity and expanding governance risk visibility.”
“Our goal with building Oxeye was to enable development and security teams to identify application-layer risks quickly, focus on the most exploitable ones, and promptly resolve these as an integral part of the software development lifecycle,” said Dean Agron, co-founder and CEO of Oxeye. “We look forward to joining the GitLab team, which is at the cutting edge of technology and culture for developers. Together, we will provide value to GitLab customers by helping organizations to reduce security and compliance risks as they accelerate digital transformation.”
About GitLab
GitLab is the most comprehensive AI-powered DevSecOps platform for software innovation. GitLab enables organizations to increase developer productivity, improve operational efficiency, reduce security and compliance risk, and accelerate digital transformation. More than 30 million registered users and more than
Media Contact
Kristen Butler
GitLab Inc.
press@gitlab.com
