Palamida provides several types of application security solutions for open source software. The company uses component-level analysis techniques for identifying and tracking undisclosed code and associated security vulnerabilities, as well as intellectual property and compliance issues. Its Enterprise Edition solution features alerts for violations against established policies and maintains a record of decisions for remediation purposes. Palamida helps in uncovering subcomponents hidden within components and cut-and-pasted source codes. In addition, the company provides training programs on various practices and audit techniques for the adoption of the solution. It has partnerships with IBM, Construx Software, CyberKorp, DLA Piper, and Fenwick & West.

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