A system and method for deriving associations between assets is disclosed. The system comprises a signature module, a matching module and an association module. These components of the system are communicatively coupled to each other. The signature module generates a first fingerprint for a first asset. The matching module determines a matching fingerprint that matches the first fingerprint from a candidate set. The matching module determines a first asset type for the first asset associated with the first fingerprint and a second asset type for a second asset associated with the matching fingerprint. The matching module determines an association test. The association module associates the first asset with the matching asset based on whether the association test is passed.