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BearingPoint Invests in Open-Source Security and Compliance Startup Insignary

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BearingPoint has invested in Korean security and compliance startup Insignary. The company provides open-source risk management through its Software-as-a-Service and server-based security tool, Insignary Clarity. The tool is designed to allow proactive scanning of software binaries for known, preventable security vulnerabilities, as well as potential license compliance issues. Insignary Clarity uses fingerprint-based technology, which, it says, works on the binary-level without the need for source code or reverse engineering. “Insignary has a unique capability of coping with one of the most pressing challenges companies face today: identifying and addressing known security vulnerabilities,” says Patrick Palmgren, chief development officer at BearingPoint. He adds: “With OSS used in critical enterprise platforms, web and mobile apps, as well as internet of things (IoT), blockchain, cloud, open container and other fast-growth technologies, Insignary is at the forefront with its security solutions.” The investment builds on BearingPoint’s existing partnership with Insignary, through which the company began offering managed binary code scanning in its European markets.  Financial terms of the deal were not disclosed.