Vancouver’s Layer 7 Technologies Inc., a provider of application programming interface management and security, has agreed to be acquired by CA Technologies Inc., an Islandia, New York-based software developer. Financial details of the deal were not disclosed. Founded in 2002, Layer 7 obtained its seed-stage financing in 2003 from BDC Venture Capital and GrowthWorks. The company’s other major backer was U.S. venture capital firm Shoreline Venture Management.
CA Technologies to Acquire Privately-held Layer 7 Technologies, a Leader in API Management and Security
Acquisition Extends Strategy to Enable Secure, Reliable and Rapid Delivery of Cloud, Mobile and Composite Applications
LAS VEGAS & VANCOUVER, British Columbia, Apr 22, 2013 (BUSINESS WIRE) — CA Technologies today announced it has signed a definitive agreement to acquire Layer 7 Technologies, a leading provider of Application Programming Interface (API) management and security. Terms of the transaction were not disclosed.
The acquisition of Layer 7 will enable CA Technologies to manage and secure the API marketplace with leading technology that complements its current Identity and Access Management suite, including CA SiteMinder(R), and its technologies focused on DevOps including the CA LISA(R) suite. The combination of CA Technologies and Layer 7 solutions will help organizations to better manage and secure APIs and deliver more confidently and quickly the cloud, mobile and composite applications that run today’s business services.
“The addition of Layer 7 and the synergy across our technologies will improve how we securely support organizations in their cloud, mobile and ‘Internet of things’ initiatives,” said Mike Denning, Security general manager, CA Technologies. “We use APIs every day, whether accessing flight data from our mobile device, using Google Maps from a hotel website or making payments online. There are billions of API calls a day and that number is going to increase with the proliferation of smart devices, ranging from vehicles, meters, TVs and other devices, as they start interacting over APIs. Without API security and management, thousands of business services are vulnerable to disruption.”
Benefitting numerous key stakeholders in an organization – from developers and IT architects who need to streamline and securely accelerate the development of new business services, to the line of business and the C-suite who demand business services deliver a superior customer experience to help ensure customer retention and growth – the acquisition will enable organizations to:
— Securely enable strategic cloud, mobile and “Internet of Things” initiatives through API security and management;
— Accelerate service delivery and increase profitability by externalizing and monetizing existing application assets that are securely offered via APIs;
— Expand the network of API developers by offering a convenient API development platform that provides all the tools necessary to discover, publish and test APIs;
— Govern API activity in order to enforce SLAs, improve operational performance and monetize Big Data transactions; and,
— Secure the externalized API business through authentication, authorization, auditing and threat protection.
“The API-driven economy has exploded, driven by today’s cloud, mobile and complex composite applications for business services,” said Paul Rochester, CEO, Layer 7. “With more than 8,000 public APIs available at the end of 2012, there is a vast library of proprietary components and data exposed to the external world that need to be managed and secured from unauthorized access. API applications and services are no longer a trend, they are mainstream. The combination of CA Technologies and Layer 7 is the best option for enterprises to successfully and securely leverage all the business benefits APIs can offer.”
Layer 7’s API management and security capabilities are delivered both on-premise and from the cloud. The company, founded in 2002, has offices in the US, Canada and Europe.
About Layer 7 Technologies
Layer 7 Technologies provides API building blocks for the new open enterprise. Nearly 300 leading enterprises, including some of the world’s largest organizations, rely on Layer 7’s award-winning products to open APIs to partners, developers, mobile apps and cloud services in a secure and scalable way. The company has been recognized by leading analysts as a leader in API security and management space, and is the only API Management vendor to have been named to Deloitte’s Fast 500 list of fastest growing companies in both 2011 and 2012. For more information, please visit www.layer7tech.com and follow us on Twitter at @layer7.
About CA Technologies
CA Technologies 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.
SOURCE: CA Technologies
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