Exclusive: CA Technologies Is Buying a Startup to Bolster App Security [Fortune]
Xtrackers California Municipal Bonds ETF (CA)
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Source: Fortune
CA Technologies is buying SourceClear, a startup that helps developers build safer software by scanning for security vulnerabilities in code. Founded in Seattle in 2013 and now based in San Francisco, SourceClear has raised a total of $11.5 million in two rounds of funding to date. The startup was conceived by Mark Curphey, a British cybersecurity veteran who created the so-called Open Web Application Security Project, or OWASP , a nonprofit organization devoted to improving the security of software. CA and SourceClear declined to disclose the terms of the deal. “There is a lot of inherent risk in leveraging open source libraries to assemble software,” said Sam King, general manager for CA Technologies’ Veracode unit, SourceClear’s new home which specializes in application security, in a statement emailed to Fortune . One recent consequence of that risk: last year’s Equifax data breach , which was caused by the big three credit bureau using a vulnerable version of
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