CA Technologies Nabs Veracode for $614 Million

In a move to extend its reach into the fast-growing application security testing market, CA Technologies (NASDAQ: CA) announced it will acquire privately held Veracode for $614 million in cash. It expects the deal to close early next month. Veracode is a leading SaaS-based [software-as-a-service] secure DevOps platform provider, a business that entails “the automation and scaling of application security testing (AST) to develop and deploy applications faster with fewer defects.” CA Technologies hopes to exploit Veracode’s AST and SaaS development operations (DevOps) market position among midsize enterprise customers, as well as bring its suite of offerings to large scale customers. …read more

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