Privately-held Layer 7 Technologies announced it has been acquired by CA Technologies (CA) this week. Layer 7 provides an Application Programming Interface (API) management and security. With the company under CA, it will help them to manage and secure the API marketplace with leading technology that complements its current Identity and Access Management suite, including CA SiteMinder.
“The API-driven economy has exploded, driven by today’s cloud, mobile and complex composite applications for business services,” said Paul Rochester, CEO, Layer 7. “With more than 8,000 public APIs available at the end of 2012, there is a vast library of proprietary components and data exposed to the external world that need to be managed and secured from unauthorized access. API applications and services are no longer a trend, they are mainstream. The combination of CA Technologies and Layer 7 is the best option for enterprises to successfully and securely leverage all the business benefits APIs can offer.”
Over seven years, Layer 7 raised nearly $20 million from GrowthWorks Capital, BDC Venture Capital and Shoreline Venture Management. Terms of the deal were not disclosed.