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Application Security Launches With Software Development and Security Platform

TPG Capital-backed launched on Wednesday with a new software development and security platform. The new company, based in Plano, Texas, is a combination of CollabNet VersionOne, XebiaLabs, and Arxan Technologies.

TPG Capital-backed launched on Wednesday with a new software development and security platform. The new company, based in Plano, Texas, is a combination of CollabNet VersionOne, XebiaLabs, and Arxan Technologies.

TPG Capital acquired agile planning and collaborative development company CollabNet VersionOne in September 2019. CollabNet VersionOne was then merged with DevOps and application release automation firm XebiaLabs, which TPG acquired in January 2020.

The newly formed company,, has acquired application security provider Arxan, enabling it to provide a platform that offers agile planning, software delivery and application security says its Value Stream Platform “seamlessly integrates all the disparate tools and processes across value streams, uses data and AI/ML to create connective tissue between them, and provides enterprises with the real-time, contextual insights they need to drive and sustain their digital transformation and produce great business outcomes.”

The company’s platform has already been used by organizations in the banking, automotive, media, gaming, medical device, and insurance sectors, including by ABN AMRO, KLM/Air France, Toyota, and Siemens.

Ashok Reddy, CEO of, told SecurityWeek that his company will continue to support the customers of CollabNet, XebiaLabs and Arxan, and they will get automatic access to the equivalent capabilities in the Value Stream Platform.

“Going forward, customers will have the opportunity to take advantage of additional new capabilities as they become available,” Reddy explained.

He added that pricing for current capabilities will continue in the existing format, and new solutions and platform pricing models will be introduced later this year.

“The Value Stream Platform will be available for purchase as both a total/combined solution or organizations can purchase only the services they need, such as agile planning, app security or software delivery services,” Reddy said.

Related: Private Application Access Firm Axis Security Emerges From Stealth

Related: Application Security Management Firm Sqreen Raises $14 Million

Related: Application Security Firm ShiftLeft Raises $20 Million

Written By

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

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