Stanford has exited open source software-focused cybersecurity company Palamida, which had raised $18.5m in funding, in an acquisition by Flexera Software.
Software application management company Flexera Software acquired US-based open source software management technology provider Palamida for an undisclosed amount yesterday, giving an exit to Stanford University.
Founded in 2004, Palamida provides cybersecurity technology that helps businesses identify, keep track of and manage open source software. It will be incorporated into Flexera’s range of software installation and vulnerability management products.
Conglomerate Mitsui led Palamida’s $8m series B round in 2006 through its Mitsui & Co Venture Partners unit, investing together with…
