9. Digital.ai Acquires Arxan Technologies
Purchase Price: $225 million (Momentum Cyber)
Arxan Technologies in April was acquired and brought together with CollabNet VersionOne and XebiaLabs to form Digital.ai. The TPG Capital-backed company looks to create the industry’s first intelligent value stream platform by combining agile planning, application security and software delivery.
Plano, Texas-based Digital.ai looks to help the world’s largest enterprises create operational efficiencies across development, IT operations and security and deliver high-quality, secure digital experiences their customers can trust. San Francisco-based Arxan’s existing shareholder, TA Associates, sold its stake in the company as part of the combination.
Arxan’s addition to the new Digital.ai platform provides a unique set of capabilities that offer “Security by Design,” with application security at the planning level ensuring organizations are compliant from the start. And the company’s continuous app protection and real-time threat data feedback capabilities can reduce unnecessary churn or delays toward the end of the development life cycle, Digital.ai said.