S&P Global has agreed to acquire smart contract security firm OpenZeppelin, according to Techub News, citing CryptoPotato. After the deal closes, OpenZeppelin will continue operating under its own name as an independent business unit rather than being folded into another brand. The company said its open-source code library has supported more than $37 trillion in transferred value, underscoring its reach across blockchain applications and smart contract development. Leadership will remain in place following the transaction: OpenZeppelin CEO Demian Brener is set to stay on and report to Yann Le Pallec, president of S&P Global Ratings. Financial terms of the acquisition were not disclosed. The announcement centers on the transaction structure, reporting line, and OpenZeppelin’s continued standalone operation under the S&P Global umbrella.
S&P Global has agreed to acquire smart contract security company OpenZeppelin, according to Techub News, citing CryptoPotato.
OpenZeppelin will continue to operate under its own name as a standalone business unit after the transaction closes. The company’s open-source code library has supported more than $37 trillion in transferred value.
OpenZeppelin CEO Demian Brener will remain in his role and report to Yann Le Pallec, president of S&P Global Ratings. Financial terms of the deal were not disclosed.
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