CA to acquire security testing firm Veracode for $614M


CA Technologies is acquiring application security testing company Veracode for US$614 million in cash, in a bid to broaden its development and testing offering for enterprises and app developers.

The acquisition is expected to be completed by the second quarter of this year.

Privately-held Veracode has offices in Burlington, Massachusetts and London, and employs over 500 people worldwide. The company has around 1,400 small and large customers.

Offering a software-as-a-service platform, Veracode is focused on technologies that let developers improve the security of applications right from inception through production.

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