CA Technologies Completes Acquisition of Veracode

CA Technologies 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.

“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.”

Under the terms of the agreement, the transaction is valued at approximately $614 million in cash.

“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 had said in a statement.

CA will provide detail regarding the acquisition’s impact to guidance when it reports fourth quarter earnings in May.

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