Gitlab Acquires Oxeye To Advance Application Security & Governance Capabilities
Mar 20, 2024•over 1 year ago
Acquiring Company
Gitlab Inc.
Acquired Company
Oxeye
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.
M&A Insights
Based on deal dataIntegration 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