CA Technologies acquires Veracode to bolster DevOps security
CA shells out $614 million on the firm
CA Technologies has completed its acquisition of security firm Veracode, a move that will enable it to integrate some of the company's innovations to improve its DevOps security.
"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," CA Technologies said in a statement.
As a result of the acquisition, Bob Brennan, former CEO of Veracode will lead CA Technologies' Veracode business, reporting to the company's president and chief product officer Ayman Sayed.
"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," Brennan said.
"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."
The deal was worth $614 million and CA Technologies said it would reveal the impact of this purchase on its figures when it announces its fourth quarter earnings next month.
"Software is at the heart of every company's digital transformation," Sayed commented when the acquisition was first announced a month ago. "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."
"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."
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