Weaveworks Acquires Policy As Code Startup Magalix To Secure Kubernetes Applications
Jan 26, 2022•over 3 years ago
Acquiring Company
Weaveworks
Acquired Company
Policy
OtherSoftware
Description
Weaveworks, the GitOps company, today announces the acquisition of Magalix, an innovator in cloud native security. With this acquisition, Weaveworks is raising the bar on secure DevOps. By bringing Magalix’s powerful policy as code to Weave GitOps, Weaveworks will further its vision of automating Kubernetes application and infrastructure operations. Secure GitOps pipelines throughout the entire software life cycle are imperative for resilient cloud native service delivery that accelerates innovation, speed and agility. Terms of the deal were not disclosed.
FundzWatch™ Score
69
High M&A Activity
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