Coalfire has acquired Denim Group, an application security provider. Denim Group, a privately held company headquartered in San Antonio, Texas, offers advanced application security solutions leveraging its application security orchestration and correlation platform, ThreadFix, with consulting services.
“Agile development methods are rapidly changing time to market expectations and increasing frequency of release cycles, yet clients are challenged by how to rationalize the volume of application and cloud vulnerabilities generated from disparate testing tools,” said Coalfire chief operating officer Mark Carney. “Our approach leverages advanced consulting services combined with the ThreadFix platform to ensure vulnerabilities are managed and prioritized efficiently, reducing time to remediation by 40 percent.”
“Together, our combined teams represent one of the largest, most advanced, and industry-recognized cloud and application security solution providers,” said John Dickson, principal, Denim Group. “We are committed to continuing to invest in and optimize the ThreadFix platform while supporting and expanding our ecosystem of partners. It’s even more meaningful for our teams to join forces the same year that both our companies celebrate 20 years of dedication to making technology more secure.”
Kirkland & Ellis served as legal counsel to Coalfire and EY assisted with accounting and financial due diligence. GrowthPoint served as exclusive financial advisor to Denim Group.