With the proliferation of open source components, now estimated by Gartner in its 2019 Software Composition Analysis Report to account for up to 90% of every piece of software, OSS license management inherently redefines the scope of the risk companies must evaluate when considering an IPO, ranging from license compliance to IP infringement and vulnerability management.
In order to remove any friction from an IPO, every soon-to-be-public company must be prepared to do a thorough and speedy audit and deliver comprehensive reports and documentation on their open source license compliance and vulnerability remediation.
So we’ve put together seven straightforward steps to follow for IPO due diligence. By focusing on the full lifecycle of the software and the sync up between the company, investors, and customers — from confidentiality to roadshow — these seven steps not only help unblock any upcoming IPO but also remove friction and risk from downstream activity.
7 Steps for IPO Due Diligence and Open Source Compliance covers:
Up to 90% of any piece of software is from open source, creating countless dependencies and areas of risk to manage. FOSSA is the most reliable automated policy engine for security management, license compliance, and code quality across the open source stack. With FOSSA, engineering, security, and legal teams all get
complete and continuous risk mitigation for the entire software supply chain, integrated into each of their existing workflows. FOSSA enables organizations like Uber, Zendesk, Twitter, Verizon, Fitbit, and UiPath to manage their open source at scale and drive continuous innovation.
FOSSA users benchmark 47% fewer false-positives by finding dependencies they actually rely on earlier in the SDLC.
Get 90% faster insight in your CI/CD workflows — an average of four weeks shorter compliance implementation time.
Only FOSSA delivers the most complete open source audit for IPOs and M&As plus 5% annualized engineering savings in the first week alone.