The acquisition delivers end-to-end continuous security from development to device in a unified DevOps platform
JFrog Ltd. (“JFrog”) (NASDAQ: FROG), the liquid software company, today announced the closing of the previously reported acquisition of product security company Vdoo Connected Trust Ltd. (“Vdoo”).
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.
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