CA Technologies to buy software security firm Veracode for $614M
The exterior of CA Technologies' Islandia operations seen May 10, 2012. Credit: Kevin P. Coughlin
CA Technologies has agreed to acquire Veracode, a closely held Burlington, Massachusetts company for $614 million in cash, the business software company announced Monday.
The deal, which is subject to regulatory approval, is expected to close in April.
CA, now based in Manhattan, retains operations in Islandia, site of its former headquarters. CA was formerly known as Computer Associates.
Veracode tests the security of web and cloud-based software applications.
“Software is at the heart of every company’s digital transformation. Therefore, it’s increasingly important for them to integrate security at the start of their development processes,” Ayman Sayed, president and chief product officer, CA Technologies, said in a statement.
Ken Schachter covers corporate news, including technology and aerospace, and other business topics for Newsday. He has also worked at The Miami Herald and The Jerusalem Post.
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