Snyk Limited acquires FossID
Snyk Limited has acquired 100% of FossID, a company headquartered in Sweden. Foss ID was founded in 2016 and is a developer of a software composition analysis tool that scan code for open source licenses and vulnerabilities.
Snyk is a cloud native application security leader which today enables 2.2 million developers to build securely. The company works with global customers of all sizes to empower developers to automatically integrate security throughout their existing workflows.
Together with Cooley (UK) LLP acting as lead counsel, Mannheimer Swartling has assisted Snyk as Swedish local counsel on the transaction.