TA Associates has completed a majority investment in Arxan Technologies, a provider of software security solutions.
Terms of the investment have not been disclosed.
Arxan’s product suite offers a full range of application security solutions. The Arxan solutions, designed to withstand persistent and sophisticated attacks launched across mobile, desktop, embedded and server-based environments, secure applications by “hardening” them against hacking of all types such as tampering, piracy, reverse engineering, malware insertion and key discovery. Arxan serves Fortune 500 and other commercial clients around the world in a variety of industries, including financial services, digital media, gaming, healthcare and software. Founded in 2001, Arxan is headquartered in Bethesda, Maryland.
“Companies deploying mobile applications require deep and comprehensive application protection solutions to fully secure both customer and enterprise data,” says Elizabeth de Saint-Aignan, a principal at TA Associates who will join the company’s board of directors. “Over the course of more than 10 years, Arxan has developed a suite of application security solutions that many consider the industry’s most advanced, sophisticated and proven technology. We are pleased to complete this investment and look forward to helping further strengthen Arxan’s position in a rapidly growing mobile security market.”
“Having a partner committed to working closely with our team to support Arxan’s long-term growth is of the utmost importance,” says Michael Dager, chief executive and chairman, Arxan Technologies. “TA Associates has an extensive history investing in the IT security industry that we find quite attractive. TA will play a central role in helping us further solidify Arxan’s position as a global leader in protecting the integrity of applications across all devices and industries.”
Goodwin Procter provided legal counsel to TA Associates. Cooley LLP served as legal counsel and America’s Growth Capital served as financial advisor to Arxan Technologies.
