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CA Technologies Completes Acquisition of Veracode
CA Technologies Completes Acquisition of Veracode
April 4, 2017
1 Min Read
PRESS RELEASE
NEW YORK, April 3, 2017 – CA Technologies (NASDAQ: CA) today announced it has completed the acquisition of Veracode, a leader in securing web, mobile and third-party applications across the software development lifecycle. The acquisition establishes CA Technologies as a leader in the Secure DevOps market, bridges its Security business with its broad DevOps portfolio and adds to its growing SaaS business.
With the completion of the transaction, Bob Brennan, former chief executive officer, is now general manager of the Veracode business in the company’s product development organization reporting to Ayman Sayed, CA president and chief product officer.
Under the terms of the agreement, the transaction is valued at approximately $614 million in cash.
CA will provide detail regarding the acquisition’s impact to guidance when it reports fourth quarter earnings in May.
About CA Technologies
CA Technologies (NASDAQ:CA) creates software that fuels transformation for companies and enables them to seize the opportunities of the application economy. Software is at the heart of every business in every industry. From planning, to development, to management and security, CA is working with companies worldwide to change the way we live, transact, and communicate – across mobile, private and public cloud, distributed and mainframe environments. Learn more at www.ca.com.
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