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Gitlab Acquires Oxeye To Advance Application Security & Governance Capabilities

Mar 20, 2024over 1 year ago

Acquiring Company

Gitlab Inc.

Acquired Company

Oxeye

San Francisco

Description

All Remote - GitLab Inc., ​​the most comprehensive AI-powered DevSecOps platform, today announced it has acquired Oxeye, the provider of an award-winning, cloud-native application security and risk management solution. With the acquisition of Oxeye, GitLab will accelerate its Static Application Security Testing (SAST) roadmap. Oxeye’s capabilities will also augment GitLab’s software composition analysis and compliance tools.

Company Information

Company

Gitlab Inc.

Location

1233 HOWARD STREET, NO. 2F

San Francisco, California, United States

About

GitLab Inc. is the most comprehensive AI-powered DevSecOps platform, enabling organizations to increase developer productivity, improve operational efficiency, reduce security and compliance risk, and accelerate digital transformation. More than 30 million registered users and more than 50% of the Fortune 100 trust GitLab to ship better, more secure software faster.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed