HP to acquire SPI Dynamics

HP has signed a definitive agreement to acquire SPI Dynamics Inc, which makes
web application security-assessment software and services. SPI Dynamics
technology, which is already integrated with HP Quality Center software, enables
customers to assess and identify security vulnerabilities along the entire
lifecycle of web appli­cations from development, quality assurance and
deployment. Customers can also use SPI Dynamics software to validate application
security and quality after deployment and to meet auditing and compliance
requirements, such as Sarbannes-Oxley.

Failure to test security defects or vulnerabilities before a business
application goes into production leaves confidential information within a
business-critical application at risk for security attacks and misuse.

“The number of vulnerabilities to business-critical applications has gone up
exponentially with the rise of web-based applications,” said Jonathan Rende,
VP-Products, Quality Management Software, HP. “HP Software provides solutions
that ensure that business applications run well. Now with the addition of SPI
Dynamics, we can make sure it is also secure,” he said.

Headquartered in Atlanta, the privately held SPI Dynamics has 140 employees
and serves more than 1,000 customers in the federal government, financial
services and healthcare industries, including HP.