The amount of the transaction was not disclosed. In conjunction with the investment, Elizabeth de Saint-Aignan and Kenneth T. Schiciano of TA Associates will join the company’s company’s Board of Directors.
Founded in 2001 and led by Michael Dager, CEO and Chairman, Arxan provides a comprehensive product suite that offers a full range of application security solutions designed to protects data from sophisticated attacks launched across mobile, desktop, embedded and server-based environments, and secure applications against hacking of all types such as tampering, piracy, reverse engineering, malware insertion and key discovery.
Arxan serves Fortune 500 and other commercial clients around the world in a variety of industries, including financial services, digital media, gaming, healthcare and software.
The company also has global offices in EMEA and APAC.