The acquisition delivers end-to-end continuous security from development to device in a unified DevOps platform
JFrog Ltd. (“JFrog”) (FROG), the liquid software company, announced the closing of the previously reported acquisition of product security company Vdoo Connected Trust Ltd. (“Vdoo”).
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The acquisition fuels JFrog’s security and runtime technology expansion, aiming to deliver a holistic security solution, as part of JFrog’s DevOps Platform, from development all the way to edges, IoT and devices.
The deal is valued at approximately $300 million, subject to adjustments as set forth in the purchase agreement for a cash-free, debt-free basis, comprised of approximately $210 million in cash and 1,934,198 in JFrog ordinary shares.
JFrog will share financial and operational updates during its second quarter earnings call on August 5th, 2021.
