DevOps platform GitLab is reportedly acquiring cloud security startup Oxeye for an undisclosed sum, though reports value the deal at USD 30 million–40 million.
Oxeye has developed an application security testing solution that includes static application security testing (SAST), software composition analysis (SCA), application security posture management (ASPM), and a range of other features to help detect weaknesses and vulnerabilities in code during the application development stage.
GitLab trades on Nasdaq at a market cap of USD 8.6 billion and offers DevOps features such as version control, issue tracking, and development pipelines.
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