Private Equity firm TA Associates has completed a majority investment in Arxan Technologies Inc.
Arxan, headquartered in Bethesda, Md., provides software security services. The company’s products aim to protect mobile devices and computer systems against hacking, tampering, piracy, reverse engineering, malware insertion and key discovery.
The deal follows F5 Networks Inc.'s (Nasdaq: FFIV) Sept. 17 announcement of a deal to buy web security company Versafe Ltd.
America’s Growth Capital LLC served as financial adviser to Arxan Technologies. Goodwin Proctor LLP provided legal counsel to TA, while Cooley LLP provided legal advice.