CA Technologies Completes Acquisition of Veracode
April 03 2017 - 9:00AM
Business Wire
CA Technologies (NASDAQ:CA) today announced it has completed the
acquisition of Veracode, a leader in securing web, mobile and
third-party applications across the software development lifecycle.
The acquisition establishes CA Technologies as a leader in the
Secure DevOps market, bridges its Security business with its broad
DevOps portfolio and adds to its growing SaaS business.
With the completion of the transaction, Bob Brennan, former
chief executive officer, is now general manager of the Veracode
business in the company’s product development organization
reporting to Ayman Sayed, CA president and chief product
officer.
Under the terms of the agreement, the transaction is valued at
approximately $614 million in cash.
CA will provide detail regarding the acquisition’s impact to
guidance when it reports fourth quarter earnings in May.
About CA Technologies
CA Technologies (NASDAQ:CA) creates software that fuels
transformation for companies and enables them to seize the
opportunities of the application economy. Software is at the heart
of every business in every industry. From planning, to development,
to management and security, CA is working with companies worldwide
to change the way we live, transact, and communicate – across
mobile, private and public cloud, distributed and mainframe
environments. Learn more at www.ca.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170403005111/en/
CA TechnologiesRita O’Brien, +1 631-342-6687Corporate
CommunicationsRita.obrien@ca.comorTraci Tsuchiguchi,
650-534-9814Vice President, Investor
Relationstraci.tsuchiguchi@ca.com
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