Recently I shared with you our excitement about our agreement with TA Associates (TA) to make a significant growth investment in Veracode. I am pleased to share that the deal is now closed, opening up a tremendous new chapter in Veracode’s journey.
In the weeks since the announcement, people I speak with every day – customers, prospective customers, analysts, journalists who cover the critical software security space, and other Veracoders – ask me, “What do you envision together with TA for this next chapter?”
Veracode’s history is rooted in bringing awareness to the topic of software security and leading the market to action in this area. Going back to 1998, our founder and CTO Chris Wysopal, also known as Weld Pond, along with his colleagues from the hacker group The L0pht, testified to the US Congress about the importance of securing the software and networks that run the internet. Their forward-thinking led to the formation of Veracode, with a vision to provide a scalable, automated platform for organizations to secure the software they were building, buying, and using from the open-source community.
We have consistently been a market leader and innovated to keep expanding this platform vision. Now, our partnership with TA will allow us to accelerate our efforts even further. We are excited to invest in our own R&D and market expansion efforts, while also seeking to grow our product portfolio and revenues through inorganic means. We have demonstrated our ability to successfully combine our platform with new technologies we acquire and through that combination deliver added value to our customer ..
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