CA Technologies to pay $614M for Burlington cybersecurity firm

Burlington security software company Veracode will be acquired by CA Technologies for $614 million in cash, the companies announced Monday.

The acquisition is expected to close in the next several months.

New York-based CA Technologies (Nasdaq: CA) generated just over $4 billion in revenue in fiscal 2016 and said it expects the Veracode acquisition to increase reported revenue between 1 and 3 percent in its next fiscal year, assuming the deal closes sometime in April of this year.