TODAY'S PAPER
44° Good Morning
44° Good Morning
Business

CA buys anti-fraud company

CA logo

CA logo

In an all-cash $200 million deal, CA Technologies will buy a California software company that specializes in authentication and anti-fraud programs.

Privately-held Arcot Systems Inc., of Sunnyvale, Calif., is a "visionary in fraud prevention and advanced authentication," CA said in a Monday news release.

Arcot delivers its software to be installed on-premises, or to be accessed over the Internet on an as-needed basis, and most of its customers buy through subscriptions. Its products “help prevent fraudulent transactions for about one million online credit card transactions each day," CA said.

The transaction is expected to close by the end of September.

--------------------
Read more of Inside Long Island Business

 

More news