Software improvement company Coverity acquires Codefast
Coverity, a San Francisco startup that analyzes software code for flaws, has purchased Codefast, a “build management” company. The terms of the acquisition — Coverity’s first — were not disclosed.
Codefast, a San Jose company that was founded in 2004, focuses on accelerating the process of building software, so its technology should fit well with Coverity’s, which chief executive Seth Hallam touts for its comprehensive coverage of the entire development process.
Codefast and Coverity share a common backer, too — Foundation Capital. Codefast raised $6.5 million led by Foundation and Trinity Ventures in 2005, while Coverity received $22 million from Foundation and Benchmark Capital earlier this year.
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About the Author, Anthony Ha
Anthony is VentureBeat's assistant editor, as well as its reporter on enterprise technology, cloud computing, and tech policy. Before joining VentureBeat in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. You can also follow Anthony on Twitter.