According to Gartner reports, 95% of code bases contain undisclosed open source while 75% of audits contain unknown licenses.
Open source software (OSS) has been gaining traction in recent years due to the benefits it provides with the agility of software evolution, reducing the costs of software procurement and development and enhancing the speed of market penetration. It is used everywhere in most of the industries. However, open source software comes attached with significant operational and legal risks which need to be considered when adopting or acquiring solutions with significant OSS components. At worst, incorporating OSS code into your product can mean that the source code in that product must be available to everyone at no cost.
Additionally, with the usage of open source, security breaches are showing no signs of slowing down with thousands of security breaches in 2019 exposing billions of records. 33% of firms suffered a breach as a result of an external attack as per Forrester. There is lots of unmitigated risk upto 80% OSS with only 5% disclosures. Mergers and acquisitions are a critical consideration for OSS compliance. From a security perspective, comprehensive source code analysis informs a company about where it has deployed open source software. Unfortunately, many companies don’t pay sufficient attention to ongoing compliance risks (and possible data breaches) that come from security issues. However, with the steady increase in vulnerabilities found in unmanaged open source code, unsuspecting software buyers are unaware of the vulnerability risk they face.
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We at Lyra enable organizations to stay legally compliant by assessing, identifying, and resolving legal issues related to software license usage violations. Lyra’s services are designed to shield against potential Intellectual Property Rights (IPR) infringements.
With 12+ years of experience in open source audits and legal re-mediation, Lyra has been the trusted partner among M&A and fund-raising professionals. Our reputation enables us to quickly establish contractual and logistical arrangements.
We make use of years of expertise in Software composition analysis (SCA) and address vulnerability management, license management and component management illustrating the impact of open source software on warranties, license agreements, and in mergers and acquisitions.
Our processes are fine-tuned and our experts are trained to provide the responsiveness, speed, and discretion required to reduce business risk, meet deadlines, and provide you with the information and confidence you need to swiftly take action.
Trusted reputation: Lyra has performed thousands of software audits with unquestioned discretion, and is trusted by dozens of serial acquirers and by sellers to de-risk their deals.Lyra has drafted OSS policies for Enterprise companies across the globe, mitigated risks saving millions in potential business and legal risks, more than 120 customers across the globe, Lyra is the ONLY company to provide both Legal and Tech advice in OSS space globally.
Hyper-responsiveness: From first contact to delivery of final report (sometimes all within days), Lyra's Audit team moves at the speed of M&A or fund-raising due diligence transactions.
High quality of work: Our highly experienced open source audit experts deliver high quality, high value audit reports.
Run an Open Source audit on your code to track down everything – the big and the small.