NTT Security Confirms WhiteHat AcquisitionWhiteHat Security will continue to operate as an independent subsidiary of NTT Security following the deal.
NTT Security, a specialized security firm and division of NTT Group, has confirmed plans to buy application security provider WhiteHat Security.
WhiteHat is a privately held company founded by professional hacker Jeremiah Grossman in 2001. For the past 15 years it has been focusing on app security; its cloud-based application security platform aims to help businesses better build security into the development process. NTT Security is a subset of Tokyo-based NTT (Nippon Telegraph and Telephone Corporation).
Now, NTT Security wants to use WhiteHat's tech as part of its strategy to integrate application security and DevSecOps into its portfolio. WhiteHat customers will have access to NTT Security's consulting and advisory services, along with its Managed Security Services. The two plan to tackle enterprise security needs from critical infrastructure to business applications.
Following the close of the acquisition, WhiteHat Security will operate as an independent, wholly-owned subsidiary of NTT Security, officials say, and the companies will continue to invest in emerging security technologies. Terms of the deal were not disclosed. WhiteHat has raised $50.6 million in funding since it was founded and now has 251-500 employees.
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