Watch stocks you care about
Your own personalized stock watchlist!
It's a 100% FREE Motley Fool service...
CA Technologies (NASDAQ: CA ) has a new entity under its corporate umbrella. The tech conglomerate announced it has acquired Layer 7 Technologies, a firm it characterized as "a leading provider of Application Programming Interface management and security."
Terms of the deal were not disclosed.
In its announcement, CA said its new asset was complimentary to its offerings, specifically the Identity and Access Management suite. It said that the fusing of Layer 7 with its business "will help organizations to better manage and secure APIs and deliver more confidently and quickly the cloud, mobile and composite applications that run today's business services."