JFrog To Acquire Vdoo For $300M For Holistic Security

Liquid software company JFrog Ltd (NASDAQ: FROG) inked an agreement to acquire Vdoo Connected Trust Ltd in a cash and stock-based deal valued at $300 million.
Of the purchase price, $90 million will be in the form of JFrog ordinary shares.
Vdoo will help JFrog back every software update and create a world of Liquid Software by expanding its end-to-end DevOps Platform offering, providing complete security from the development environment to edges, IoT, and devices.
Vdoo's team and JFrog will seek to deliver a complete DevSecOps solution to secure the entire software packages lifecycle.
JFrog will triple the size of its security experts team, including engineering, marketing, and sales, with employees located in Israel, Germany, Japan, and North America.
In 2021, JFrog will expand JFrog Xray vulnerability detection to include Vdoo's extensive data and improved scanning across multiple dimensions, including configuration and applicability scanning.
Additionally, JFrog expects to fully integrate Vdoo's technology into its DevOps platform for a stable, holistic secured platform in 2022.
Vdoo's SaaS product will remain in operation, with the new development of features and functions focusing on the JFrog Platform solution.
JFrog and Vdoo will work with customers to ensure business continuity and streamlined migration to the joint offering.
JFrog held $605.7 million in cash and equivalents as of Mar. 31, 2021.
Price action: FROG shares traded lower by 3.45% at $48.01 on the last check Tuesday.

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