Analytics company KISSMetrics has acquired SourceNinja, a startup offering to help companies manage security flaws in their open source libraries.
KISSmetrics co-founder and head of product Hiten Shah made it sound like a pretty standard talent acquisition. Shah’s company won’t be using the Source Ninja technology, but it’s bringing on the startup’s two founders (and only team members) on-board — Brett Hardin will become a senior web application engineer and Matt Stump will become an infrastructure engineer.
The SourceNinja team was incubated at AngelPad, and that’s where Shah said he and his co-founder Neil Patel met them.
“The SourceNinja team contacted us for a potential partnership and were exciting about utilizing their technology within the KISSmetrics product,” Shah said (via email). “After a few conversations we decided it would make more sense to acquire them instead of just licensing the technology. … That technology can’t directly plugin to KISSmetrics, but, the experience Matt and Brett have gained from building the technology directly helps our use cases.”
The financial terms of the deal aren’t being disclosed. Shah said this is the company’s first acquisition.
KISSmetrics is a powerful web analytics solution that helps you to increase customer acquisition and retention rates, make smarter business decisions, and boost your bottom line.
Brett is a rare mix of a technical founder with business acumen. He is an author and speaker on miscellaneous security topics. Brett Hardin began programming at the age of 8. He began his professional career at Ernst & Young’s Advanced Security Center where he was contracted to break into Fortune 500 companies. This work included testing external, internal, and physical security controls. In addition to previously working at Symantec and McAfee, Brett authored, Hacking: The Next Generation, covering new attacks...
AngelPad is a mentorship program founded by a team of ex-Googlers to help web-technology startups build better products, attract additional funding and ultimately grow more successful businesses. AngelPad provides founders with funding, mentorship and the chance to work alongside other great founders in San Francisco.
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