The promising Bochum-based company celebrates an important milestone in its company history: RIPS Technologies was sold to SonarSource, the provider behind the products “SonarQube”, “SonarCloud” and “SonarLint”. The two companies are thus joining forces to usher in a new era of SAST solutions.
What began 10 years ago as an open source project is now a state-of-the-art security solution that stands out from traditional SAST products. RIPS is used by major organizations worldwide to secure their PHP, Java and JavaScript applications.“Our team has a long history in building highly efficient code analysis solutions with a focus on detecting security vulnerabilities. Merging with SonarSource is a perfect fit and enables us to unfold our unique technology to the worldwide developer community. We are thrilled to join forces with a fast-growing technology company that has an amazing culture and world-class products.”
Dr. Johannes Dahse founded RIPS 2016 at the Horst Görtz Institute for IT Security of the Ruhr University Bochum.
The Swiss company SonarSource is the market leader in code security. Its analysis software products enjoy the trust of more than 200,000 organizations worldwide and are the industry standard for teams and organizations.
RIPS Technologies has been part of the portfolio of the venture capital investor eCAPITAL for a few years. For the sole investor in RIPS, this means a very successful exit, with an IRR of 63% after just 2.5 years since the first investment in the company. The Münster-based venture capitalist focuses on technology companies in the fields of software & IT, IT security, industry 4.0, new materials and cleantech.
About RIPS
RIPS Technologies was founded in 2016 and is a company dedicated to innovative security testing technologies, known for building from the ground up its best-in-class PHP code analyzer. Its teams have deep know-how in implementing innovative security analyzers that can automatically detect even complex and deeply nested vulnerabilities, in PHP code and more recently in other languages like Java and JavaScript.
More Information
Blog post RIPS
Press release eCAPITAL
Blog post SonarCource
