DevOps.com

  • Latest
    • Articles
    • Features
    • Most Read
    • News
    • News Releases
  • Topics
    • AI
    • Continuous Delivery
    • Continuous Testing
    • Cloud
    • Culture
    • DevSecOps
    • Enterprise DevOps
    • Leadership Suite
    • DevOps Practice
    • ROELBOB
    • DevOps Toolbox
    • IT as Code
  • Videos/Podcasts
    • DevOps Chats
    • DevOps Unbound
  • Webinars
    • Upcoming
    • On-Demand Webinars
  • Library
  • Events
    • Upcoming Events
    • On-Demand Events
  • Sponsored Communities
    • AWS Community Hub
    • CloudBees
    • IT as Code
    • Rocket on DevOps.com
    • Traceable on DevOps.com
    • Quali on DevOps.com
  • Related Sites
    • Techstrong Group
    • Container Journal
    • Security Boulevard
    • Techstrong Research
    • DevOps Chat
    • DevOps Dozen
    • DevOps TV
    • Digital Anarchist
  • Media Kit
  • About
  • AI
  • Cloud
  • Continuous Delivery
  • Continuous Testing
  • DevSecOps
  • Leadership Suite
  • Practices
  • ROELBOB
  • Low-Code/No-Code
  • IT as Code
  • More
    • Application Performance Management/Monitoring
    • Culture
    • Enterprise DevOps

Home » Latest News Releases » Thoma Bravo to Acquire Veracode Software from Broadcom Inc. (NASDAQ:AVGO)

Thoma Bravo to Acquire Veracode Software from Broadcom Inc. (NASDAQ:AVGO)

By: Deborah Schalm on November 5, 2018 1 Comment

Partnership Will Create Leading Independent Cybersecurity Company Focused on Providing Application Security Testing Globally

Recent Posts By Deborah Schalm
  • Exabeam Reinvents Security Analytics with Fusion XDR and Fusion SIEM Cloud Products to Address Security Needs at Scale
  • New Study Reveals Importance of Optimized Strategy for the Selection, Support, and Maintenance of Open Source Software
  • Applitools Integrates With Rally for Fast and Automated Bug Management
More from Deborah Schalm
Related Posts
  • Thoma Bravo to Acquire Veracode Software from Broadcom Inc. (NASDAQ:AVGO)
  • Veracode Puts Developers in the Driver’s Seat When It Comes to Creating Secure Software
  • Could Buying VMware Bring Broadcom Hybrid Cloud Bona Fides?
    Related Categories
  • Latest News Releases
    Related Topics
  • Thoma Bravo
  • Veracode
Show more
Show less

SAN FRANCISCO and BURLINGTON, Mass., Nov. 5, 2018 /PRNewswire/ — Thoma Bravo, a leading private equity investment firm, today announced that it has agreed to acquire Veracode, the leading provider in next-generation application security testing (AST), from Broadcom Inc. for $950 million in cash. Currently, a division of Broadcom Inc. Veracode’s SaaS platform and integrated solutions help security teams and software developers find and fix security-related defects at all points in the software development lifecycle.  The transaction is expected to close in the fourth quarter of 2018, subject to usual and customary closing conditions and regulatory approvals.

DevOps Connect:DevSecOps @ RSAC 2022

This acquisition reinforces Veracode’s long history of market leadership and innovation, and the partnership with Thoma Bravo is expected to support Veracode’s future operational and product development plans.

With broad language, framework, and testing technology coverage, the Veracode Application Security Platform offers a holistic, scalable way to manage security risk across an entire application portfolio. Leveraging a wide range of security testing and threat mitigation techniques, combined with best practices derived from the most innovative application security programs in enterprises globally, customers are given the keys to transforming how they build and buy software by deeply integrating security into their software development lifecycles and enabling DevSecOps processes. Veracode’s Application Security Platform has received consistent industry recognition.

“Software security is one of the most consequential issues facing companies as they look to compete in the digital economy. We are proud that our SaaS security platform combines multiple application security testing solutions, helping our customers around the world secure the software powering their companies and enabling them to focus on their core business objectives,” said Sam King, current Senior Vice President and General Manager of Veracode, who will become the CEO of Veracode following the close of the transaction. “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.”

“As long-term investors in cybersecurity software, we are impressed with the speed and quality of innovation at Veracode,” said Seth Boro, a managing partner at Thoma Bravo.  “Sam King and her team are seasoned, proven operators addressing a critical security problem in application development and delivering best in class products to a rapidly growing customer base for over 10 years. We are excited to be partnering with the Veracode leadership team to build upon this strong foundation and continue to drive innovation for customers.”

Securing this software is a critical part of growing the digital economy. Veracode’s pure SaaS platform is positioned to address this market opportunity. Veracode serves more than 2,000 customers across a wide range of industries, including nearly one-third of the Fortune 100, and more than 20 of Forbes’ 100 Most Valuable Brands.

“In today’s digital economy practically every company is turning into a software company through their own digital transformation.  As these companies continue to build complex applications, many of which contain sensitive data, the applications themselves increasingly become the target of more sophisticated and omnipresent cyber-attacks.  As such, applications need to be built with security in mind day one, and we see a significant, growing market opportunity for Veracode’s product offerings,” said Chip Virnig, a partner at Thoma Bravo.

Thoma Bravo has extensive experience investing in the cybersecurity software sector, and has completed more than 30 total acquisitions of enterprise security companies to date, including SailPoint (NASDAQ: SAIL), Barracuda Networks, LogRhythm, Bomgar, BlueCoat Systems, SonicWall and Entrust. The firm also has years of experience effectively executing software “carve-outs” and driving growth and productivity in newly created platform companies, including Digital Insight, McAfee, Kofax and Dynatrace.

Kirkland & Ellis is serving as Thoma Bravo’s legal advisor.

About Thoma Bravo, LLC

Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With a series of funds representing more than $30 billion in capital commitments, Thoma Bravo partners with a company’s management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. Representative past and present portfolio companies include industry leaders such as ABC Financial, Blue Coat Systems, Deltek, Digital Insight, Frontline Education, Global Healthcare Exchange, Hyland Software, Imprivata, iPipeline, PowerPlan, Qlik, Riverbed, SailPoint, SolarWinds, SonicWall, Sparta Systems and TravelClick. The firm has offices in San Francisco and Chicago. For more information, visit thomabravo.com.

Filed Under: Latest News Releases Tagged With: Thoma Bravo, Veracode

Sponsored Content
Featured eBook
Hybrid Cloud Security 101

Hybrid Cloud Security 101

No matter where you are in your hybrid cloud journey, security is a big concern. Hybrid cloud security vulnerabilities typically take the form of loss of resource oversight and control, including unsanctioned public cloud use, lack of visibility into resources, inadequate change control, poor configuration management, and ineffective access controls ... Read More
« New hires, Project Wins and Education Programme Boost Edge Testing DevOps Practice
Value Stream Management Drives Tasktop’s Fast Growth in Fiscal Year 2018 with 95 Percent Subscription Growth Over Prior Year »

TechStrong TV – Live

Click full-screen to enable volume control
Watch latest episodes and shows

Upcoming Webinars

Deploying Microservices With Pulumi & AWS Lambda
Tuesday, June 28, 2022 - 3:00 pm EDT
Boost Your Java/JavaScript Skills With a Multi-Experience Platform
Wednesday, June 29, 2022 - 3:30 pm EDT
Closing the Gap: Reducing Enterprise AppSec Risks Without Disrupting Deadlines
Thursday, June 30, 2022 - 11:00 am EDT

Latest from DevOps.com

Developer’s Guide to Web Application Security
June 24, 2022 | Anas Baig
Cloudflare Outage Outrage | Yet More FAA 5G Stupidity
June 23, 2022 | Richi Jennings
The Age of Software Supply Chain Disruption
June 23, 2022 | Bill Doerrfeld
Four Steps to Avoiding a Cloud Cost Incident
June 22, 2022 | Asim Razzaq
At Some Point, We’ve Shifted Too Far Left
June 22, 2022 | Don Macvittie

Get The Top Stories of the Week

  • View DevOps.com Privacy Policy
  • This field is for validation purposes and should be left unchanged.

Download Free eBook

DevOps: Mastering the Human Element
DevOps: Mastering the Human Element

Most Read on DevOps.com

Survey Uncovers Depth of Open Source Software Insecurity
June 21, 2022 | Mike Vizard
One Year Out: What Biden’s EO Means for Software Devs
June 20, 2022 | Tim Mackey
Open Source Coder Tool Helps Devs Build Cloud Spaces
June 20, 2022 | Mike Vizard
Not Everything That is Necessary Adds Value
June 20, 2022 | Lance Knight
TechStrong Con: Downturn Brings Additional Sense of DevOps U...
June 21, 2022 | Mike Vizard

On-Demand Webinars

DevOps.com Webinar ReplaysDevOps.com Webinar Replays
  • Home
  • About DevOps.com
  • Meet our Authors
  • Write for DevOps.com
  • Media Kit
  • Sponsor Info
  • Copyright
  • TOS
  • Privacy Policy

Powered by Techstrong Group, Inc.

© 2022 ·Techstrong Group, Inc.All rights reserved.