Safety critical software tool developer AdaCore is merging with US security tool provider CodeSecure to expand its range of development tools.
The value of the deal has not been disclosed, but both companies share a common investor in US private equity firm Battery Ventures.
CodeSecure has a static analysis tool for C++ that identifies and mitigates vulnerabilities in embedded systems. This complements the Ada and Rust-based tools from Adacore.
Franco Gasperoni, currently CEO of AdaCore, will serve as CEO of the combined company which will initially operate under both brands. The company is expected to operate under the Adacore brand going forward and retain its headquarters in Paris, France, and New York.
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“This combination marks a significant milestone in our shared mission to secure the world’s most critical software,” said Gasperoni. “By uniting AdaCore’s commitment to safety with CodeSecure’s leadership in security, we are positioned to help customers navigate growing regulatory demands and cyber threats with confidence and agility.”
The joint customer base that includes defense contractors, aerospace OEMs, medical device manufacturers, automotive suppliers, and industrial automation companies.
CodeSecure was the software products division of US application security firm GrammaTech which was bought by Battery Ventures in 2023. Customers include car makers BMW, Hyundai and Rivian as well as tier one supplier Denso and sensor fusion software developer LeddarTech.
“Software security is key to high-integrity, mission-critical applications across several industries, and keeping customers safe,” said Morad Elhafed, a general partner at Battery Ventures. “This combination of AdaCore and CodeSecure provides companies across critical industries important new tools to manage risks, build mission-critical products, and fuel growth. We look forward to working with Franco and his management team to help scale the combined company.”
“This partnership marks an exciting opportunity to bring even greater value to our customers,” said Mike Dager, CEO at CodeSecure. “By joining forces with AdaCore, we are combining our complementary strengths to deliver more robust solutions, accelerate innovation, and grow as a unified company dedicated to advancing high-integrity software development.”
Battery Ventures invested in AdaCore last year, again for an undisclosed sum. “We are at a pivotal moment in the evolution of software development, where the demand for high integrity and secure software has never been more critical,” said Gasperoni at the time.
“Our partnership with Battery Ventures is a testament to our shared commitment to setting new benchmarks in the industry. With this strategic investment, AdaCore is poised to expand its technological horizons and reinforce its mission to provide developers and enterprises with the most reliable tools and assistance for building mission-critical systems.”
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