PSG to invest $125m in HeroDevs.

PSG, a growth equity firm, agreed to invest $125m in HeroDevs, a provider of security and compliance solutions for deprecated open source software. “The acceleration of the adoption of open source software across enterprises highlights the growing demand for solutions that not only help companies meet strict security and compliance standards but also aim to preserve and strengthen the value of the broader open source ecosystem. We believe the platform Aaron and the HeroDevs team have built empowers enterprises to secure vulnerable areas of software applications’ code without disrupting operations, while also fostering continued innovation across the open source community,” Marco Ferrari, PSG Managing Director and Co-Head of North America and and Paul Russ, PSG Principal.