JFrog to buy Vdoo in $300 mln deal, shares down

Jfrog

29/06/2021 16:18

** Shares of tech provider JFrog Ltd  FROG.O  fall nearly 4%
to $47.75
    ** FROG enters definitive agreement to acquire Vdoo
Connected Trust Ltd in a cash-and-stock deal valued at about
$300 mln  urn:newsml:reuters.com:*:nBw5dXk6Xa
    ** FROG says Vdoo's technology for analyzing and securing
software packages will bolster co's DevOps platform
    ** Co expects its consolidated operating expenses to
increase by about $9 mln-10 mln for the remainder of 2021
    ** Reiterates Q2, FY2021 revenue and non-GAAP operating
income forecast
    ** Stock down 24% YTD, including session losses

 (Reporting by Amruta Khandekar)
 ((Amruta.Khandekar@thomsonreuters.com;))