The acquisition of Vancouver-based Layer 7 Technologies Inc., a provider of application programming interface management and security, by CA Technologies Inc. of Islandia, New York, has been completed. The deal’s value has been estimated at approximately $180 million. Founded in 2002, Layer 7 was backed by BDC Venture Capital, GrowthWorks and Shoreline Venture Management.
CA Technologies Completes Layer 7 Acquisition
ISLANDIA, N.Y., June 5, 2013 — CA Technologies (NASDAQ: CA) today announced it has completed the acquisition of privately-held Layer 7 Technologies, a leading provider of Application Programming Interface (API) security and management.
The acquisition of Layer 7 will enable CA Technologies to provide leading security and management technology to the API marketplace that complements its Identity and Access Management suite, including CA SiteMinder®, as well as solutions focused on DevOps including the CA LISA® suite. The combination of CA Technologies and Layer 7 solutions will help customers better secure and manage APIs and deliver confidently and quickly the cloud, mobile and composite applications that run today’s business services.
“Just as the Web created business opportunities by redefining how companies interact with consumers and employees, APIs are driving new opportunities by accelerating the shift to mobile apps, cloud services and the Internet of Things. Those opportunities, however, don’t come without risk,” said Mike Denning, general manager and senior vice president, Security, CA Technologies. “The addition of Layer 7 and the synergy across our identity and access management and data protection technologies helps protect our customers’ sensitive and proprietary data so they can take advantage of these new forms of online business.”
For additional information, please visit www.ca.com/layer7.
About CA Technologies
CA Technologies (NASDAQ: CA) provides IT management solutions that help customers manage and secure complex IT environments to support agile business services. Organizations leverage CA Technologies software and SaaS solutions to accelerate innovation, transform infrastructure and secure data and identities, from the data center to the cloud. Learn more about CA Technologies at www.ca.com.
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