SAN FRANCISCO and Burlington, Mass.,
Jan. 1, 2019 PR Newswire Thoma Bravo, LLC, a number one personal equity investment company, these days proclaimed that it's completed the acquisition of Veracode software system ("Veracode"), a number one supplier in next-generation application security testing (AST), from Broadcom INC., in associate all-cash group action valued at $950 million.
Veracode's SaaS platform and integrated solutions assist security groups and software system developers with finding and fixing security-related defects throughout the software system development lifecycle. Veracode's innovative approach permits its apace growing client base to spot and resolve crucial vulnerabilities whereas guaranteeing restrictive compliance while not sacrificing speed or innovation.
"At a time once the requirement for application security couldn't be any larger, we tend to area unit happy to be partnering with Thoma Bravo, associate investment company that features a sturdy data in security which acknowledges the importance of supply continued innovation to additional extend our leadership position," same guided missile King, CEO, Veracode. "The team at Veracode is happy concerning this next introduce our journey, and that we area unit wanting forward to continued our mission of securing the world's software system and serving to security groups and developers produce nice software system that's additionally secure software system."
"Security solutions area unit a crucial necessity in today's company setting, and Veracode's distinctive, flexible, full-service platform delivers specifically what today's software-driven world needs," same Seth Boro, a managing partner at Thoma Bravo. "Thoma Bravo continues to be affected with Veracode's dedicated team, leading edge merchandise and services. the corporate features a tremendous data of problem-solving its customers' most intricate security wants whereas driving innovation within the perpetually evolving cybersecurity sector."
Thoma Bravo has in depth expertise investment within the cybersecurity software system sector, and has completed nearly forty acquisitions of enterprise security firms thus far, as well as SailPoint (NYSE: SAIL), spiny-finned fish Networks, LogRhythm, Bomgar, BlueCoat Systems, SonicWall and Entrust. The firm additionally has years of expertise effectively death penalty software system "carve-outs" and driving growth and productivity in freshly created platform firms, as well as Digital Insight, Flexera, Kofax and Dynatrace.
Kirkland & Ellis is serving as Thoma Bravo's legal authority.
About Thoma Bravo, LLC
Thoma Bravo may be a leading personal equity firm targeted on the software system and technology-enabled services sectors. With a series of funds representing over $30 billion in capital commitments, Thoma Bravo partners with a company's management team to implement in operation best practices, invest in growth initiatives and build increasing acquisitions meant to accelerate revenue and earnings, with the goal of skyrocketing the worth of the business. Representative past and gift portfolio firms embody trade leaders like basics monetary, Blue Coat Systems, Deltek, Digital Insight, Frontline Education, world tending Exchange, Hyland software system, Imprivata, iPipeline, PowerPlan, Qlik, Riverbed, SailPoint, SolarWinds, SonicWall, Sparta Systems and TravelClick. The firm has offices in city and Chicago.
About Veracode
Veracode may be a leader in serving to organizations secure the software system that powers their world. Veracode's SaaS platform and integrated solutions facilitate security groups and software system developers realize and fix security-related defects the least bit points within the software system development lifecycle, before they will be exploited by hackers. Our complete set of offerings facilitate customers scale back the danger of information breaches, increase the speed of secure software system delivery, meet compliance needs, and price effectively secure their software system assets- whether or not that is software system they create, purchase or sell.
Veracode serves over a pair of 2,000 customers across a large vary of industries, as well as nearly third of the Fortune one hundred and over twenty of Forbes' one hundred most beneficial Brands.
Comments
Post a Comment