HP snaps up SPI Dynamics

HP said yesterday it has signed an agreement to acquire privately held SPI Dynamics, a provider of web application security assessment software and services.

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By  Michelle Howe Published  June 20, 2007

HP said yesterday it has signed an agreement to acquire privately held SPI Dynamics, a provider of web application security assessment software and services.

Terms of the deal were not disclosed.

SPI Dynamics provides products and services that assess and identity web application and web services security vulnerabilities through the application development lifecycle.

Headquartered in Atlanta, SPI Dynamics has 140 employees and serves more than 1,000 customers in government, financial services and healthcare industries.

HP said it plans to integrate the business into the software unit of its Technology Solutions group.

The deal is expected to close in the third quarter of this year.

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