Veracode

Veracode  — the American company founded in 2006 specializing in information security of applications. Software is based on the patented cloud technology giving to users the chance quickly to reveal and eliminate risks of security of corporate applications.  Automated by SaaS platform more than 2 thousand clients among whom — the company from the list of the largest of Fortune 500 use.

In staff of Veracode about 600 people work, the total volume of the involved investments is $114.3 million. The products Veracode  are on sale in Russia through partners whom Softline is among (data for November, 2018).

History

2018: Thoma Bravo purchased Veracode for $950 million

On November 5, 2018 the private investment company Thoma Bravo announced acquisition of Veracode for $950 million. The cost of the transaction is 55% more, than CA Technologies paid for purchase of software developer in March, 2017. Then Veracode carried over Broadcom together with the CA Technologies company purchased by the chipmaker in July, 2018 for $18.9 billion.

It is expected that partnership with the checked investor in the market of software Thoma Bravo will expand our scope in the market and will contribute to the further development of innovations that we could offer the widest platform of security and achieve the accelerated growth — the senior vice president and the general manager of Veracode Sam King who will head the company after closing of the transaction in the fourth quarter 2018 said.

As the companies continue to create the difficult applications containing confidential data, they found out that applications even more often become object of more difficult cyber attacks, the partner of Thoma Bravo Chip Virnig says. As a result, according to him, applications should be from the very beginning created taking into account security that creates great market opportunities for the products Veracode.^[1]

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