Veracode acquired by Thoma Bravo

Thoma Bravo has entered into a definitive agreement to acquire 100% of Veracode from Broadcom Inc. The acquisition is structured as an all-cash purchase, transitioning Veracode from a business unit within a larger corporate entity into a standalone, privately held company under the ownership of the private equity firm. This transaction represents a strategic alignment between a firm specializing in software optimization and a market leader in application security testing. The acquisition is driven by the urgent and growing need for integrated security within the software development process as digital transformation accelerates across all industries. By operating as a standalone entity, the target gains the operational flexibility to prioritize long-term strategic execution and innovation, free from the constraints of its previous corporate parent. The partnership allows for deeper investment in product development and go-to-market strategies, leveraging the acquirer's track record in the cybersecurity software sector to drive profitable growth and scale market penetration.