Analytics

11/5/2018
02:40 PM
Connect Directly
Twitter
LinkedIn
Google+
RSS
E-Mail
50%
50%

Thoma Bravo Buys Veracode

Broadcom will sell Veracode, acquired last year by CA, for $950M to Thoma Bravo as it broadens its security portfolio.

Thoma Bravo today announced it will acquire Veracode from Broadcom, which has officially closed its purchase of CA Technologies and plans to sell its application security platform for $950 million in cash.

Veracode provides a software-as-a-service platform to detect and address security issues during the software development lifecycle. Its Application Security Platform is geared toward enterprise pros looking to manage risk posture across their application portfolio.

CA acquired Veracode in 2017 for $614M in an effort to strengthen its position in secure application development. The plan at the time was to bring together CA's security and DevOps portfolios with a SaaS platform that could integrate security into software development.

When Broadcom agreed to acquire CA for $18.9 billion in cash earlier this year, Veracode was part of the deal. Broadcom's goal in buying the enterprise software firm was to improve its enterprise focus, add recurring revenue, and channel its focus on infrastructure technology. Now, with the purchase completed, it's selling the company CA acquired a little over a year ago.

Thoma Bravo will buy Veracode in a transaction expected to close in Q4 2018. This marks the latest enterprise security investment for the private equity firm, which is known in the cybersecurity industry because of the value of companies it buys and investmetns in makes. It's not a technology vendor, but its portfolio of software companies has revenues totaling $3.0B.

The private equity firm, which focuses on application and infrastructure software, has now acquired more than 30 security firms. In October 2018 it agreed to acquire Imperva for $2.1B. A few months before, it completed a majority investment in identity and access management platform Centrify; in July, it completed a majority investment in LogRhythm's security information and event management platform.

Other companies in Thoma Bravo's portfolio include SailPoint, Barracuda Networks, Bomgar, BlueCoat Systems, SonicWall, and Entrust. It also has invested, and been involved with decision-making in, businesses including McAfee, Dynatrace, Kofax, and Digital Insight.

Veracode's current senior vice president and general manager, Sam King, will become the company's CEO as part of the Thoma Bravo acquisition. She anticipates the deal will broaden Veracode's reach; right now, the company has more than 2,000 customers, it reports.

"Partnering with Thoma Bravo, a proven security software investor, is expected to extend our market reach and further fuel our innovation so that we can offer the broadest software security platform and empower us to accelerate growth — all to allow us to transform the way companies achieve their software security goals," King says in a statement.

Related Content:

Black Hat Europe returns to London Dec 3-6 2018  with hands-on technical Trainings, cutting-edge Briefings, Arsenal open-source tool demonstrations, top-tier security solutions and service providers in the Business Hall. Click for information on the conference and to register.

Kelly Sheridan is the Staff Editor at Dark Reading, where she focuses on cybersecurity news and analysis. She is a business technology journalist who previously reported for InformationWeek, where she covered Microsoft, and Insurance & Technology, where she covered financial ... View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
RyanSepe
50%
50%
RyanSepe,
User Rank: Ninja
11/6/2018 | 9:24:27 AM
Interesting Development
This is interesting. I think it points out how different ELT's view current markets. CA thought Veracode would be a good acquisition and then within a year Broadcom thinks differently.
Russia Hacked Clinton's Computers Five Hours After Trump's Call
Robert Lemos, Technology Journalist/Data Researcher,  4/19/2019
Tips for the Aftermath of a Cyberattack
Kelly Sheridan, Staff Editor, Dark Reading,  4/17/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
5 Emerging Cyber Threats to Watch for in 2019
Online attackers are constantly developing new, innovative ways to break into the enterprise. This Dark Reading Tech Digest gives an in-depth look at five emerging attack trends and exploits your security team should look out for, along with helpful recommendations on how you can prevent your organization from falling victim.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-11358
PUBLISHED: 2019-04-20
jQuery before 3.4.0, as used in Drupal, Backdrop CMS, and other products, mishandles jQuery.extend(true, {}, ...) because of Object.prototype pollution. If an unsanitized source object contained an enumerable __proto__ property, it could extend the native Object.prototype.
CVE-2019-11359
PUBLISHED: 2019-04-20
Cross-site scripting (XSS) vulnerability in display.php in I, Librarian 4.10 allows remote attackers to inject arbitrary web script or HTML via the project parameter.
CVE-2018-20817
PUBLISHED: 2019-04-19
SV_SteamAuthClient in various Activision Infinity Ward Call of Duty games before 2015-08-11 is missing a size check when reading authBlob data into a buffer, which allows one to execute code on the remote target machine when sending a steam authentication request. This affects Call of Duty: Modern W...
CVE-2019-11354
PUBLISHED: 2019-04-19
The client in Electronic Arts (EA) Origin 10.5.36 on Windows allows template injection in the title parameter of the Origin2 URI handler. This can be used to escape the underlying AngularJS sandbox and achieve remote code execution via an origin2://game/launch URL for QtApplication QDesktopServices ...
CVE-2019-11350
PUBLISHED: 2019-04-19
CloudBees Jenkins Operations Center 2.150.2.3, when an expired trial license exists, allows Cleartext Password Storage and Retrieval via the proxy configuration page.