Veracode Receives Growth Investment from TA Associates

Veracode, a Burlington, MA-based global provider of application security solutions, received a growth investment from TA Associates.

The amount of the deal was not disclosed.

Veracode’s current majority investor, Thoma Bravo, will retain a minority position in the business. The transaction, which values Veracode at $2.5B, is expected to be completed in Q2 2022, subject to customary closing conditions.

Led by Sam King, CEO, Veracode offers a comprehensive software security platform that empowers organizations to deliver secure software at scale and speed. The platform balances the needs of both development and security teams by streamlining workflows to help customers ensure that software is coded securely without compromising speed while providing a comprehensive view of software security posture through powerful reporting and analytics. Collectively, more than 2600 customers have scanned over 53 trillion lines of code and fixed more than 71 million security flaws.

The company is hiring talent in engineering, product management, marketing, sales, and customer success to add to the more than 725 team members around the world.

FinSMEs

15/03/2022