CA Technologies Inc. announced Monday it had purchased the security firm Veracode for $614 million in cash. The move comes two years after Veracode reportedly came close to an IPO and was valued around $800 million. Veracode launched a decade ago to offer developers automated security analysis of applications. CA Technologies, based in New York City, is a $4.5 billion behemoth focused mostly on business-to-business deals, keeping it largely out of the public eye. Veracode made headlines recently when Cloudflare, fresh off a high-profile data leak, announced the Burlington, Mass.-based company would independently audit its code. Veracode co-founder Chris Wysopal was part the hacker think tank L0pht, which in 1998 told the U.S. Senate about the cybersecurity disasters looming as the internet approached ubiquity. The punkish group of hackers were the first — aside from members of federal witness protection programs — to go before Congress using psuedonyms (Wysopal was “Weld Pond”). The group […]
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