Business, Investments

US Based Cigital Buys Indian SaaS Security Testing Firm iViZ

Cigital Inc., a Washington headquartered software security services and solutions company, on Wednesday announced the acquisition of cloud-based application testing service provider, iViZ Security for an undisclosed amount. Cigital plans to leverage the technology and capabilities from the iViZ acquisition to offer 3D unlimited Application Security Testing.

Organizations can now test across their application portfolio rather than focus on only those applications perceived to be high risk, eliminating potential exposure.

“The acquisition of iViZ enables Cigital to deliver the most flexible and scalable Dynamic Application Software Testing-as-a-Service in the market,” said John Wyatt, chief executive officer at Cigital.

“This capability is fully realized through the introduction of Cigital’s 3D Unlimited Application Testing, which profoundly alters the way organizations reduce risk at the application layer. The dynamic nature of the offering gives organizations real agility to respond to new threats, regulatory requirements, and constantly changing business pressures,” John added.

Also Read: IBM Acquires CrossIdeas to Strengthen Its Cloud Computing Portfolios

As part of the deal, iViZ Security will operate as a wholly owned subsidiary of Cigital and will continue to sell application testing services in India, the Middle East, and parts of Asia.

iViZ was launched in 2006 by CEO Bikash Barai and CTO Nilanjan De, is known for providing cloud-based application testing that enables organizations to reduce risk across their application portfolio. According to the company, Organizations gain flexibility and visibility into software security through the iViZ User Portal that provides flexible on-demand scheduling of tests with an analytics dashboard to view test results and gauge each organization’s security posture.

In 2007, iViZ has raised USD 2.5 million funding from IDG Ventures, also claims to have around 500 customers worldwide and recorded a revenue growth of 57 percent last year.

The iViZ offerings, technology, and capabilities perfectly complement and extend Cigital’s products and services,” said Bikash Barai, chief executive officer at iViZ Security.

Cigital, Inc. is a software security services and products company. Cigital helps organizations launch and mature software security initiatives, as well as design, build, and test secure software through a combination of expert consultants and Security Testing-as-a-Service offerings. Cigital is headquartered in Washington D.C. with regional offices throughout North America, Europe, and Asia.

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