Wave Systems Corp. (fka WAVXQ)

[wavxtoomanyyrs]

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Tue Aug 17, 8:10 am ET
PALO ALTO, Calif. – Hewlett-Packard Co. says it is buying Fortify Software to beef up its cyber security offerings.

The company did not disclose financial terms of the buyout Tuesday.

Fortify is a privately held company based in San Mateo, Calif. It helps businesses identify and fix security weaknesses in their computer systems. HP and Fortify began marketing their software security technology as a package last year.

For now, HP said that it will run Fortify as a standalone business before integrating the company into its broader software division.