Veracode recently announced its first-ever acquisition, of Marvin Mobile Security. Terms of the deal weren't disclosed.

"The terms of the acquisition of Marvin Mobile weren't disclosed," writes The Boston Business Journal's Kyle Alspach. "The acquisition aims to allow Veracode to extend its security offerings to enterprises whose employees are increasingly working on mobile devices."

"Millions of workers bring their personal mobile devices into the workplace, raising concerns that they’ve downloaded software apps that could vandalize corporate networks or steal sensitive information," writes The Boston Globe's Hiawatha Bray. "Even a benign app may transmit information that a company might want to keep secret, such as the location of a key executive or the contents of his address book."

"Marvin’s software-as-a-service (SaaS)-based offering firmly targets the bring-your-own-device (BYOD) trend within enterprises by providing mobile application testing via the cloud," Infosecurity reports. "It then returns detailed reports on every aspect of the specific app’s capabilities and behavior, including malware detection, the potential for data leakage and privacy loss. So, rather than scanning the entire phone and applying security parameters to everything contained on it, enterprises can require the testing only for apps that employees use for work purposes."

"Veracode has been helping customers secure mobile apps by offering automated vulnerability detection on Android and iOS platforms, and with Marvin’s technology we can more fully enable customers to address the security and privacy concerns created by the rapid adoption of mobile apps," Veracode CEO Bob Brennan said in a statement. "Organizations can quickly gain the intelligence they need to prevent attacks and reduce the risk of information loss that often accompanies an increasingly mobile infrastructure."