CA Technologies inked a $614 million deal to acquire application security company, Veracode.
The combination of CA’s portfolio with privately-held Veracode will establish CA Technologies as a leader in the Secure DevOps market through the automation and scaling of application security testing (AST) to develop and deploy applications faster with fewer defects.
With Veracode, CA Technologies bridges its security business with its broad DevOps portfolio and adds to its growing SaaS business.
Veracode extends CA’s strategy into midsize enterprise customers while CA accelerates Veracode‘s global reach into larger enterprise customers.
“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,” said Ayman Sayed, president and chief product officer, CA Technologies.
Veracode enables automated, on-demand application security testing starting at the earliest phases of the development lifecycle to improve testing speed, address security concerns in production, and eliminate risk.
In addition to dynamic application testing, the SaaS-based application security testing software and solutions also perform static testing to detect potential vulnerabilities in custom code, third party applications and open-source components.
The transaction should close in the first quarter of fiscal year 2018.