Report
Andrew Lange
EUR 101.80 For Business Accounts Only

CA Technologies to Acquire Veracode for $614 Million in Cash

CA Technologies announced it has signed a definitive agreement to acquire privately held Veracode for $614 million in cash. The deal is expected to close in the first quarter of fiscal 2018 and will be accretive to CA’s top line but dilutive to its bottom line, given Veracode’s lower-margin software-as-a-service business model. Veracode is an application security testing leader and complements CA’s Secure DevOps efforts. CA will look to integrate Veracode’s SaaS-based security platform into clie...
Underlying
CA Inc.

CA is a provider of software solutions enabling customers to plan, develop, automate, manage and secure applications across mobile, cloud, distributed and mainframe platforms. The company has three operating segments: Enterprise Solutions, which includes products that are designed for mobile, cloud, and distributed computing environments and run on industry standard servers; Mainframe Solutions, which includes solutions for the IBM z Systems

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Lange

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch