Palamida, a provider of application security solution exclusively for open source software, has released the much-anticipated sixth generation of Enterprise Edition, the company’s flagship open source intellectual property and vulnerability risk management solution.

Using component-level analysis, Palamida Enterprise Edition helps identify and track undisclosed code and associated security vulnerabilities, as well as intellectual property and compliance issues. Organizations around the globe are using the solution to manage and secure mission critical Web and software applications.

The increasing numbers of companies are making use of open source software for their development needs. For these companies, securing and managing their development from the standpoint of both intellectual property and vulnerabilities have become a fundamental requirement. Enterprise Edition 6 comes with a number of new capabilities to help users manage and secure their use of open source and other third-party software within their development projects, Palamida clarified in a press release.

Coming with a new metadata framework and advanced search feature, Enterprise Edition 6 lets organizations efficiently centralize and utilize a wide variety of information about their software projects-- information which is typically scattered across multiple systems and applications.

Additional license compatibility reference information gives legal professionals the information they need to manage their organization's intellectual property policies accurately.

New connectors for Subversion and Git source code management systems are the latest out-of-the-box integration features that allow simple connections to code repositories to ensure that appropriate codebase snapshots are audited as part of a continuous integration strategy.

A new Third-Party Notices Report simplifies and automates a key legal deliverable for third party software license compliance.

In an effort to enable the users get timely access to information about open source projects, licensing and security issues, Palamida's Update Service now includes weekly updates to compliance library, automated AutoExpert rules and other system data.  

Backed by a library of over three billion open source files, and multiple scanning techniques for both source and binary code, Palamida Enterprise Edition 6 offers a single system for identification of software content, management of policy for use and compliance with license obligations.

“Actively managing open source software use has become a standard practice for development organizations worldwide. From game manufacturers to global financial firms, our customers are using open source software as a essential part of their development strategy, often with the result that well over half of their code comes from developers outside their organization. As a result, their ability to manage and secure their development from the standpoint of both intellectual property and vulnerabilities is a fundamental requirement. With Enterprise Edition 6, we are continuing to give them a broader and more complete set of features to make this job easier and more accurate,” CEO of Palamida, Mark Tolliver, explained in a statement.

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