Monday, August 30, 2010

Arcot Systems Acquired By CA

Sunnyvale-based Arcot Systems, a developer of software used for authentication and fraud prevention, has been acquired by CA, a cash deal worth $200M. According to CA, it will use the acquisition to add technology for fraud prevention and advanced authentication to its identity and access management offerings. Arcot Systems was venture backed by Accel Partners, Granite Ventures, ONSET Ventures, SEB Venture Capital, and Vedanta Capital. Arcot was headed by Ram Varadarajan. CA said that Arcot's 165 employees will become part of the Security business at CA Technologies.