CA Technologies (Nasdaq: CA) has reached a deal to purchase Veracode, a security company for applications and software developers, for approximately $614 million in cash. Veracode enhances CA Technologies’ go-to-market strategy with mid-size enterprise customers.
Veracode provides automated, cloud-based services for securing web, mobile and third-party applications throughout the software development process. The Burlington, Massachusetts-based target offers web application scanning, run-time protection, vendor application security testing, web application perimeter monitoring, static analysis and application security software products. Veracode, founded in 2006, has additional offices in London and services more than 1,400 small and large enterprise clients.