Acquisition of VC-Backed Layer7 Pegged at $180M – Report

The April acquisition of Vancouver’s Layer 7 Technologies Inc., a provider of application programming interface management and security, by CA Technologies Inc., an Islandia, New York-based software developer, has been estimated at around $180 million. That is according to a recent report by The Vancouver Sun, which said “industry watchers” priced the deal near a comparable acquisition involving San Francisco API management company Mashery Inc., which also took place last month. Founded in 2002, Layer 7 was backed by BDC Venture Capital, GrowthWorks and Shoreline Venture Management.

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