CA Technologies have announced the intended acquisition of application security vendor Veracode for $614m.
Enabling the IAM vendor to add app development and security to its portfolio, the acquisition will see CA Technologies move more centrally into the secure DevOps space with the addition of automation and scaling of application security testing (AST) to develop and deploy applications faster with fewer defects. The deal is expected to complete in the first quarter of 2018.
The ability to deliver Identity and Access Management, DevOps tools and automation capabilities with SaaS-based application security allows CA to offer enterprises of all sizes a faster time-to-value from their software investments. Veracode will extend CA’s go-to-market strategy into midsize enterprise customers while CA moves Veracode‘s global reach into larger enterprise customers.
“Software is at the heart of every company’s digital transformation. Therefore, it’s increasingly important for them to integrate security at the start of their development processes, so they can respond to market opportunities in a secure manner,” said Ayman Sayed, President and Chief Product Officer, CA Technologies.
“This acquisition will unify CA’s Security and DevOps portfolios with a SaaS-based platform that seamlessly integrates security into the software development process.”
Founded in 2006, Veracode was formed by former members of the hacking group L0pht who had previously worked at @Stake.
“We provide over 1400 small and large enterprise customers the security they need to confidently innovate with the web and mobile applications they build, buy and assemble, as well as the components they integrate into their environments,” said Bob Brennan, CEO, Veracode. “By joining forces with CA Technologies, we will continue to better address growing security concerns, and enable them to accelerate delivery of secure software applications that can create new business value.”