The company said its software is designed to withstand “persistent and sophisticated” attacks of various types launched across mobile, desktop, embedded and server-based environments.
TA Associates principal Elizabeth de Saint-Aignan said, “Companies deploying mobile applications require deep and comprehensive application protection solutions to fully secure both customer and enterprise data.
“Over the course of more than 10 years, Arxan has developed a suite of application security solutions that many consider the industry’s most advanced, sophisticated and proven technology.
“We are pleased to complete this investment and look forward to helping further strengthen Arxan’s position in a rapidly growing mobile security market.”
The deal came a day after TA acquired a majority interest in SoftWriters Holdings, a US-based provider of pharmacy management software to the long-term care industry.
Copyright © 2013 AltAssets