CollabNet VersionOne, XebiaLabs, and Arxan combine to form Digital.ai

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Arxan, a provider of application protection solutions has been acquired to come together with CollabNet VersionOne and XebiaLabs to form Digital.ai, a new software company bringing together business agility, software delivery, and application security into one integrated value stream platform. Terms of the combination are not being disclosed.

Backed by TPG Capital, Digital.ai is aimed to revolutionise how enterprises manage digital products that provide value, accelerate revenue growth and enable innovation in todays world. With the addition of Arxan Technologies, Digital.ai platform offers Security by Design as an integral part of the software development lifecycle. Arxan provides patented security capabilities such as a dynamic app policy engine, obfuscation, code hardening, threat analytics, white-box cryptography and encryption, and rapid app protection deployment designed for DevOps processes. The addition is expected to help organisations in innovating without worrying about performance and security and enhance their speed to market.

The Digital.ai value stream platform integrates 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 for their digital transformation and enable them to produce enhanced business outcomes. By streamlining processes across teams and providing continuous feedback loops throughout the development lifecycle, organisations can provide valuable service to customers ensuring efficiency and optimise cost.

In these challenging times, your digital presence is your business. Digital.ai enables enterprises to focus on business outcomes instead of outputs, unifying value creation, delivery, and protection practices to drive efficiencies and create engaging, secure digital experiences that customers value and trust. Now more than ever, it is critical that organisations leverage the power of business agility to optimize processes and make decisions rooted in customer centricity. Doing so will result in higher quality, more secure products that are delivered faster and drive stronger customer and employee engagement, said Ashok Reddy, CEO of Digital.ai.

Digital.ai serves industries in diverse verticals including automotive, banking and finance, digital media, gaming, insurance, medical devices, and more. Its solution is already being used by customers such as ABN AMRO Bank, KeyBank, KLM/Air France, Siemens, and Toyota.

Digital.ai is bringing together leaders in their fields from Agile business planning, to delivery, to application security to create an integrated, end-to-end software platform that enables large enterprises to create, adapt, and excel in todays digital markets. The company is introducing a new level of connectivity, visibility, and security into the software development lifecycle, and we are excited to see the impact that Digital.ai will have on Global 5000 businesses and their digital transformations. We look forward to continuing to work with management to support and build this differentiated platform, said Nehal Raj and Art Heidrich of TPG Capital.

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CollabNet VersionOne, XebiaLabs, and Arxan combine to form Digital.ai - IBS Intelligence

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