NTT Security, the cybersecurity company of Japanese telecommunications giant NTT Group (Nippon Telegraph and Telephone Corporation) on Tuesday announced that it has entered a definitive agreement to acquire application security firm WhiteHat Security.
WhiteHat Security will become a wholly-owned subsidiary of NTT Security and will continue to operate independently.
By acquiring WhiteHat, NTT Security says it will be able to provide customers comprehensive application security solutions and address all their enterprise security needs. WhiteHat Security customers will be given access to NTT Security’s advisory and consulting services.
NTT Security told SecurityWeek that financial terms of the deal are not being disclosed.
“NTT Security’s overarching goal is to provide comprehensive, game-changing cybersecurity solutions that address the broader needs of digital transformation. WhiteHat is recognized globally as a leader and pioneer in the application security cloud services and DevSecOps spaces,” said Katsumi Nakata, CEO of NTT Security. “By bringing WhiteHat Security into our portfolio we are now well positioned to deliver on our vision of securing a smart and connected society by providing comprehensive security solutions for enterprises undergoing digital transformation.”
Founded in 2001, WhiteHat Security has raised over $50 million across seven funding rounds. It offers various testing, analysis and learning products for application developers.
“WhiteHat has been at the center of application security, providing wide-reaching solutions to its customers and partners, and we will continue to invest in our people and technologies to maintain that leadership,” said Craig Hinkley, CEO of WhiteHat Security. “The synergy between our two security-focused companies will enable our partners, customers and prospects to benefit from our combined cybersecurity solutions.”