Arxan Technologies, Inc., an EDF Ventures portfolio company in the software security sector was sold to TA Associates, a leading global growth private equity firm. Terms of the transaction were not disclosed.
Arxan is another example of EDF’s strategy of investing in early-stage companies formed around technology developed at universities. Arxan’s technology was spun out of Purdue University’s world renowned CERIAS Institute: Center for Education and Research in Information Assurance and Security.