To reduce risk, support regulatory compliance and secure business transactions
IT management software firm CA Technologies has entered into an agreement to acquire Arcot Systems, a provider of fraud prevention offerings delivered as cloud services or deployed on premises, for $200m in cash deal.
Arcot Systems fraud prevention and advanced authentication technology will be integrated with CA SiteMinder portfolio, to provide advanced capabilities to help customers reduce risk, support regulatory compliance and secure business transactions, the company said.
According to CA Technologies, the acquisition will build its cloud security strategy, enabling it to induce its delivery of IAM offerings as a comprehensive service from the cloud.
The company said that its cloud security strategy is a three-fold approach which will enable organisations to extend existing on-premises IAM systems to support cloud applications and services; provide IAM technology to cloud providers to secure their services – whether public, private or hybrid; and enable IAM services from the cloud.
CA Technologies security business general manager Dave Hansen said Arcot brings to CA Technologies a strong business in fraud prevention and unique capabilities in advanced authentication using a software-only approach.
"This acquisition adds industry-leading technology that extends the breadth and depth of our strong IAM portfolio and gives our customers more first-class options for securing their Web-based business," Hansen said.