Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Application Security

Digital.ai Launches With Software Development and Security Platform

TPG Capital-backed Digital.ai 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 Digital.ai 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, Digital.ai, has acquired application security provider Arxan, enabling it to provide a platform that offers agile planning, software delivery and application security capabilities.Digital.ai

Digital.ai 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 Digital.ai, 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 Digital.ai 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.

Click to comment

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Management & Strategy

Microsoft making a multiyear, multibillion dollar investment in the artificial intelligence startup OpenAI, maker of ChatGPT and other tools.

Application Security

Drupal released updates that resolve four vulnerabilities in Drupal core and three plugins.

Application Security

PayPal is alerting roughly 35,000 individuals that their accounts have been targeted in a credential stuffing campaign.

Application Security

A CSRF vulnerability in the source control management (SCM) service Kudu could be exploited to achieve remote code execution in multiple Azure services.

Management & Strategy

Tens of cybersecurity companies have announced cutting staff over the past year, in some cases significant portions of their global workforce.

Application Security

Many developers and security people admit to having experienced a breach effected through compromised API credentials.

Funding/M&A

Twenty-one cybersecurity-related M&A deals were announced in December 2022.