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| - FOSSID, a leader in open source software compliance and security, and BearingPoint, a leader in open source management services, today announced their strategic partnership around free and open source software governance. After successfully cooperating in selected projects for more than two years, BearingPoint decided to choose FOSSID as its strategic provider of open source analysis tools. FOSSID's technology provides high performance and accuracy in the code analysis services performed by BearingPoint. Whenever companies need to embrace free and open source software for speed of innovation, standardization, or quality, BearingPoint Business Services is there to efficiently help reduce risk and improve productivity. "Partnering with FOSSID helps us provide more value to our customers with higher speed and better accuracy," says Donald Wachs, Head of BearingPoint Business Services. "Using FOSSID technology, we typically see more precise results with less redundancy, and we can speed up the timeline, which is a big advantage for our customers. We have already successfully replaced legacy scanning tools with FOSSID in large managed services projects for customers like Swisscom." BearingPoint's modular FOSS services provide companies with streamlined processes and infrastructure to deploy, manage, and govern their software throughout the product lifecycle, helping them to manage open source compliance and security. BearingPoint's FOSS analysis services provide a timely and confidential analysis of the customers' code base, including comprehensive compliance and security reports for their business decisions. FOSSID helps companies achieve maximum FOSS adoption efficiency by introducing tools that provide high levels of accuracy, performance, privacy, and automation. FOSSID's code scanner incorporates one of the most comprehensive knowledge bases on the market, currently referencing some 78 million open source projects, 600 billion snippets, and 120 thousand vulnerable projects - machine harvested to continuously be up to date with the fast-paced open source software evolution. The AI-enabled scan engine provides fast, accurate scan results, finding occurrences of open source software down to the snippet level and identifies their corresponding licenses and license obligations, including security vulnerabilities and their remediation. "We are proud to enter this strategic partnership with BearingPoint, and to be an integral part of their FOSS compliance and security successes," says Oskar Swirtun, CEO of FOSSID. "BearingPoint has once again proven that their management services are a great alternative to adding specialists to your head-count in multiple verticals." About FOSSID FOSSID is a leading provider of open source software compliance and security tools and services. FOSSID's open source scanner detects and identifies pieces of Free and Open Source Software (FOSS) in your code base, from entire components to code snippets. It uncovers license obligations and finds the lines of code that introduce security vulnerabilities and identifies their remediation. FOSSID's open source software audits are performed without the need to expose the source code, providing unparalleled levels of confidentiality and accuracy so that you can focus on creating great products. Welcome to www.fossid.com to learn more! About BearingPoint BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three business units: The first unit covers the advisory business with a clear focus on five key areas to drive growth across all regions. The second unit provides IP-driven managed services beyond SaaS and offers business critical services to its clients supporting their business success. The third unit provides the software for successful digital transformation and regulatory requirements. It is also designed to explore innovative business models with clients and partners by driving the financing and development of start-ups and leveraging ecosystems. BearingPoint's clients include many of the world's leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 70 countries, engaging with them to achieve measurable and sustainable success. For more information, please visit: Homepage: www.bearingpoint.com LinkedIn: www.linkedin.com/company/bearingpoint Twitter: @BearingPoint View source version on businesswire.com: Contact Press Contact Fredrik Ehrenstråle, VP Marketing, FOSSID +46 706 11 30 61 fredrik.ehrenstrale@fossid.com Press contact Alexander Bock Global Manager Communications, BearingPoint Telephone: +49 89 540338029 E-Mail: alexander.bock@bearingpoint.com © 2020 Business Wire, Inc. Disclaimer: This material is not an AFP editorial material, and AFP shall not bear responsibility for the accuracy of its content. In case you have any questions about the content, kindly refer to the contact person/entity mentioned in the text of the release.
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