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Cybersecurity Firm Sonatype Acquired by Vista Equity

Sonatype is a cybersecurity company that focuses on the open source automation, and it has now acquired by a Private equity firm named Vista Equity Partners. The terms of this deal were not revealed, but Sonatype said that the acquisition would aid them to create their Nexus platform. Nexus platform is an enterprise ready warehouse manager as well as library with entire access for analysis on the 65 million open source element. They continuously feed the intelligence to their customers to make better innovative decisions and everywhere throughout their development cycle. Besides, the platform also helps the enterprises to keep the track of this open source code to make sure that their software remains up to date with the most recent bugs and fixes.

It is a kind of technology which Sonatype says can aid to prevent different Equifax style attack, and it saw that around 150 million records got stolen die to an open source Apache server which was not kept updated.

Sonatype is based in Fulton of MD has not disclosed the financial conditions but has claimed that their annual revenue has risen to 250% in past 3 years. The amount of the last fundraise was $80 million during 2018 September. They also said that they have over 1000 customers and in includes more than 60% of Fortune 100 to operate their codes including the technological as well as financial giant.

Vista has invested exclusively in the enterprise tech companies and has invested more than $52 billion amount in cumulative capital.

 

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Shahina Khatun

Shahina is a Web Developer, Content Writer, SEO Expert and Social Media Marketer.
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