CA Technologies today said it will acquire application security service firm Veracode for $614 million.
Veracode, which celebrates its tenth anniversary this year, launched in 2007 with $19.5 million in venture capital funding and offering the industry’s first automated, on-demand security analysis services via a software-as-a-service (SaaS) platform.
The acquisition by CA is scheduled to close in the first quarter of fiscal year 2018, and is subject to regulatory approval. CA said Veracode will boost its position in the Secure DevOps market.
"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, CA Technologies president and chief product officer. "This acquisition will unify CA’s Security and DevOps portfolios with a SaaS-based platform that seamlessly integrates security into the software development process. Looking holistically at our portfolio, now with Veracode and Automic, we have accelerated the growth profile of our broad set of solutions. We now expect that the size of our growing solutions within our Enterprise Solutions portfolio will eclipse the more mature part of the Enterprise Solutions portfolio in FY19."
Veracode was founded by famed security expert Chris Wysopal, and fellow former @stake executives Christien Rioux and Mike Pittenger.
For more information on the acquisition, see CA's blog.