Following the January merger of XebiaLabs and CollabNet VersionOne, Purdue spinout Arxan Technologies has also joined the group, now dubbed Digital.ai.
US-based software development technology provider Digital.ai has been formed through a merger of three US-based software development platforms: Purdue University spinout Arxan Technologies, XebiaLabs and CollabNet VersionOne.
The deal was boosted by an undisclosed amount of funding from TPG Capital, a subsidiary of private equity group TPG, which also invested when XebiaLabs and CollabNet VersionOne completed a merger in January this year.
Digital.ai will offer an end-to-end software suite that relies on artificial intelligence and machine learning technologies to streamline software development processes and reduce costs.
The company has named Stephen Elop, chief executive of data analytics technology developer Apijet, as chairman and added Angela Tucci, chief operating officer of energy sector-focused software developer Uplight, to its board of directors.
Founded in 2002, Arxan Technologies has built a cybersecurity software platform intended to ensure applications are developed to be secure from the outset.
Arxan had…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
