Thoma Bravo, an American private equity firm, announced on Monday that it is purchasing application security testing company Veracode from Broadcom for $950 million in cash. Based in Burlington, Massachusetts, Veracode is a software-as-a-service (SaaS) company that helps software developers detect security issues in their applications at various points in the software development cycle. Thoma Bravo and Veracode said in a press release that the acquisition is meant to further Vercaode’s “future operational and product development plans.” “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,” said Sam King, currently Veracode’s senior vice president and product manager, and CEO-to-be when the deal is done. Veracode hasn’t been […]
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