Founded in 2008 and headquartered in Sunnyvale, California, JFrog Ltd develops software products capable of managing and releasing crucial software updates. With offices in France and Israel, its products are available as open-source, self-managed SaaS services on Google Cloud, Microsoft Azure and AWS. The company is credited with changing the way DevOps and software developer teams store and manage binary code, allowing firms to gain full control over the entire software release flow.
JFrog provides an end-to-end solution (‘from Development to Distribution’) that enables a swifter, more efficient app development and release process. The firm is regarded as a leader in the contemporary Continuous Integration and Deployment space. It also provides certification services and in-person training. JFrog Ltd trades on the Nasdaq under the ticker FROG. As of Oct 4 2019, it had acquired five organisations and in October 2018 its post-money valuation, according to PrivCo, was $1bn to $10bn.
On September 16th 2020, its share price shot up by 62% to reach $71.27 per share after successfully raising $509m at its IPO, compared with the IPO price of $44 per share.. Nine banks underwrote the deal led by Morgan Stanley, J. P. Morgan and BofA Securities.
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