Houlihan Lokey Advises NTT Security

We are pleased to announce that NTT Security, a subsidiary of NTT Ltd. (NTT), has successfully completed the acquisition of application security provider WhiteHat Security, Inc. (WhiteHat). The transaction was announced on March 5, 2019, and closed on July 2, 2019.

NTT Security is the specialized security business and the center of excellence in security for NTT. With embedded security, NTT Security enables NTT companies (including Dimension Data and NTT Communications) to deliver resilient business solutions for clients' digital transformation needs. NTT is a leading global technology services company. As a global information and communication technology (ICT) provider, NTT employs more than 40,000 people in a diverse and dynamic workplace that spans 57 countries.

This transaction reinforces key trends in the global security market, including

• Strong growth and continued adoption of outsourced security services particularly in cloud-based applications across the application development life cycle;
• Significant focus on integrating security across the full DevSecOps life cycle as organizations undergo digital transformations in an evolving smart and connected society; and
• Focus of security providers on investing in emerging and complementary solutions and services to deliver full-scale security offerings to customers in a rapidly evolving threat landscape.

WhiteHat has honed its 18 years of experience in the application security space to provide developers and businesses with the tools and services they need to write and deliver the most secure software. Its platform enables enterprises to secure their digital businesses ranging from application creation through production, and from desktop to mobile devices. The award-winning WhiteHat Application Security Platform, which has been featured on the Gartner Magic Quadrant for Application Security Testing for the past five years, is empowering DevSecOps by continuously assessing the risk for organizations' software assets and helping them to embed security throughout the software life cycle (SLC). The company is based in San Jose, California, with regional offices across the U.S. and Europe.

Houlihan Lokey acted as an exclusive financial and strategic advisor to NTT.

This transaction exemplifies the continued success of Houlihan Lokey's dedicated coverage of the security technology market as well as our ability to bring deep domain knowledge across the full breadth of the security landscape to deliver outstanding results for our clients.