CA Technologies announces the purchase of Arcot Systems Inc. in an all-cash transaction of $200 million. The authentication and fraud detection software company is said to prevent fraudulent transactions for close to a million online credit transactions daily.
It is the hope of CA to combine their CA SiteMinder portfolio with the Arcot technology and create a comprehensive preventative solution for their customers.
CA acquired Arcot as part of their cloud security strategy. The all-cash transaction is expected to close by the end of CA Technologies second fiscal quarter, ending September 30.