Arxan: Arxan Technologies Becomes Part of Digital.ai

SAN FRANCISCO--(BUSINESS WIRE)--Arxan Technologies, the trusted provider of application protection solutions, announced today that it has been acquired and has come together with CollabNet VersionOne and XebiaLabs to form Digital.ai. The newly formed company brings together leading technologies in agile planning, application security, and software delivery to create the industry’s first intelligent value stream platform. Backed by TPG Capital, Digital.ai will help the world’s largest enterprises accelerate their digital transformation initiatives, creating operational efficiencies across development, IT operations and security to deliver high-quality, secure digital experiences their customers can trust. Arxan’s existing shareholder, TA Associates, has sold its stake in the company as part of the combination. Financial terms of the combination were not disclosed.