TA Associates, a private equity firm with offices in Boston, said Wednesday that it has completed a majority investment in Arxan Technologies Inc., a Maryland-based provider of software security to Fortune 500 clients in such industries as financial services, digital media, gaming, health care, and software.
Terms of the investment were not disclosed.
TA Associates principal Elizabeth de Saint-Aignan and TA Associates managing director Kenneth T. Schiciano will join Arxan’s board of directors.
Arxan’s services and products are designed to withstand persistent and sophisticated attacks launched across mobile, desktop, embedded, and server-based environments. They secure applications by “hardening” them against hacking of all types such as tampering, piracy, reverse engineering, malware insertion, and key discovery, TA Associates said in its press release.
“Companies deploying mobile applications require deep and comprehensive application protection solutions to fully secure both customer and enterprise data,” de Saint-Aignan said in a statement. “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.”
Arxan is TA’s 11th investment this year. Through the end of September 2012, the firm had completed seven investments.