Yesterday we told you about a group of leading technology innovators merging to form Digital.ai, a Plano-based software company that helps global 5000 companies better create, measure, deliver, secure, and improve their digital products. Today, the newly formed company had a follow-on announcement: It officially acquired a leading San Francisco-based application security firm.
Backed by TPG Capital, which is headquartered in Fort Worth and San Francisco, Digital.ai was created to help enterprises accelerate their digital transformation initiatives. Now including Arxan Technologies, the company also includes the merging of CollabNet VersionOne and XebiaLabs. Financial terms of the deal were not disclosed.
“The lack of critical application security technologies and processes within the software development lifecycle has created a massive attack surface for enterprises,” Ashok Reddy, CEO of Digital.ai, said in a statement. “With the addition of Arxan’s application security suite to Digital.ai’s value stream platform, organizations no longer have to choose between innovation, security, and agility.”
Digital.ai said upon being formed, it becomes the first tech company to “provide intelligent value stream management, application security and software delivery in a unified platform.” Digital.ai will help deliver value, fuel revenue growth, increase profitability, and enable innovation, while securing critical business assets.
Acquiring Arxan Technologies is key to the new company. As a provider of application protection solutions, Arxan will be able to deliver “security by design” as part of the software development lifecycle. This relieves some pressure from IT leaders and development teams who might be under pressure to reduce costs and improve customer/employee experiences, while at the same time driving innovation, increasing security, and lowering risk.
Arxan will create a unified DevSecOps platform that “helps the world’s leading enterprises secure critical business applications while reducing development expenses and delivering greater customer value,” Arxan CEO Joe Sander said.
“Leading enterprises across many industries,” he said, “including financial services, mobile payments, medical devices, automotive, gaming, and entertainment have already implemented Arxan as their application security platform, integrating with DevOps processes for their most critical applications.”
Read more about the new Plano company here.
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