HP to Acquire SPI

PALO ALTO, Calif. -- HP today announced that it has signed a definitive agreement to acquire SPI Dynamics, Inc., a leading provider of web application security assessment software and services, to further strengthen its leadership in the IT application quality management market.

Application quality management ensures that business systems, such as e-commerce websites or financial and supply chain applications, function well without any performance issues.

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 Sarbanes-Oxley.

Failure to test and remediate 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, vice president of products, Quality Management Software, Software, HP. “Today, 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.”