Washington based Cigital acquires cloud-based web and mobile application security testing provider iViZ
iViZ Security, a cloud-based web and mobile application security testing provider has acquired by Washington-based Cigital Inc for an undisclosed amount. Post acquisition, Cigital plans to leverage iViZ’s proprietary cloud platform and its technologies to offer 3D unlimited application security testing, featuring unmatched flexibility across three dimensions - the number of tests, the depth of tests, and the number of applications tested.
Founded in 2006 by former IITians Bikash Barai and Nilanjan De, iViZ Security is a pioneer in taking penetration testing or ethical hacking to the cloud and launching its proprietary Software-as-a-Service platform.
The 60 people product company with several patents has won numerous awards for its technology from organizations globally including University of California-Berkeley, Intel, Red Herring, Nasscom etc. iViZ has around 500 customers worldwide with 70% revenue from USA and Europe.
“Automated tools lack in quality and manual Penetration Testing is not just costly, but also impossible to scale since there aren’t enough humans on earth to test the billions of online and offline applications. At iViZ, our vision is to help organizations stay one step ahead of hackers by making penetration testing scalable and affordable through product innovations. We are very excited that the complementary technologies and market reach of Cigital shall help us to realize our dream” said Bikash Barai, CEO, iViZ.
Cigital helps organizations launch and mature software security initiatives, as well as design, build, and test secure software through a combination of expert consultants, security testing-as-a-service offerings, and effective training built on over twenty years of cutting-edge research and successful client engagements.
The IDG Ventures-backed company recorded a revenue growth of 57% last year and had achieved cashflow breakeven since late 2012. iViZ is planning to grow by 300% post the acquisition and aspiring to be one of the top 3 players globally through this acquisition.
“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, CEO, Cigital.
iViZ's disruptive ‘Cloud-based Penetration Testing’ solution provides ethical hacking over the web anytime, anywhere, anyhow. Ethical hacking or formally, ‘penetration testing’ is considered mandatory by government regulations, compliances like PCI, SOX, HIPAA, ISO-27001 etc.
