Nalbatech acquires bugScout

Nalbatech, a company of the Nfq Group, specialized in consulting and professional services for banks, capital markets and insurance, announces the acquisition of the bugScout platform, created by the Spanish Buguroo Offensive Security, of which it has been a partner for more than 4 years for offering, implementing and supporting the security risk detection solution throughout the life cycle of software applications.

bugScout is a robust, state-of-the-art source code analyzer used by companies from various segments in their software projects and also in the security validation of third-party applications at the time of contracting. With the acquisition of bugScout, Nalbatech strengthens its portfolio of Information Security, Governance and Compliance and Software Quality technologies and services.

Francisco Bernabeu, director of Nalbatech, says that since 2013 the company has been offering managed services based on bugScout and the decision to purchase the definitive rights to the tool “strengthens its position as a key supplier of managed security and software quality services, since the company becomes the owner and developer of the platform, and is also responsible for its evolution and technological improvement ”.

The executive also states that, with acquisition, Nalbatech achieves a strategic position in a market where all systems face some type of vulnerability at some stage of its life cycle. “In practice – companies suffer from high security weaknesses and the real possibility of data loss or cyber attacks on corporate networks. In addition, investments in fixing vulnerabilities are on average three or four times greater than development itself. With bugScout right at the beginning of the software project, this time and investments can be 90% less considering the current expenditure, in addition to avoiding incalculable losses in the event of an attack ”, highlights Bernabeu.

bugScout is compatible with the languages most used in web and mobile environments and includes complete frameworks for each development environment, covering the most complex flows, such as dependency injection, ORMs or databases unrelated to others. The platform assists in building secure applications based on the analysis of all vulnerabilities identified in all reference standards, such as OWASP, WASC or CWE.

“The solution has a high capacity for observing source codes and minimizes the risk exposure of companies and users, making the developed software stronger and more robust against threats, both in the corporate internal environment and on mobile”, emphasizes Francisco Bernabeu.

More information: https://nalbatech.com