March 8, 2017

CA Technologies to acquire applications security platform Veracode

The company will acquire the applications security platform for approximately USD 614 million in cash

CA Technologies has announced that it is acquiring Veracode, an applications security platform across the software development life-cycle. The deal will close at approximately USD 614 million in cash.

CA says that the combination of its portfolio with Veracode will help establish it as a leader in the Secure DevOps market through the automation and scaling of application security testing (AST). With Veracode, CA Technologies says it bridges its security business with its broad DevOps portfolio and adds to its growing SaaS business.

Ayman Sayed, President, CA Technologies said:

This acquisition will unify CA’s Security and DevOps portfolios with a SaaS-based platform that seamlessly integrates security into the software development process.

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.

CA says that Veracode will help extend its go-to-market strategy to midsize enterprise customers while it accelerates Veracode’s global reach into larger enterprise customers.

The transaction is expected to close in the first quarter of FY 2018, and is subject to customary closing conditions, including regulatory approvals.

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