CA to acquire security testing firm Veracode for $614M

CA Technologies is acquiring application security testing company Veracode for $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, Mass. 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 from inception through production.

“Embedding security into the software development lifecycle and making it an automated part of the continuous delivery process means that developers can write code without the hassles of a manual and fragmented approach to security,” CA president and chief product officer Ayman Sayed wrote in a blog post.

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