Chris Hylen had been scheduled to remain at the helm of the company following a meger with Thoma Bravo.

This comes amid a period of ongoing consolidation in the cybersecurity industry.

The frenzied M&A in the cybersecurity market continues.

Amid a flurry of mergers and acquisitions, analysts predict far fewer companies will exist in a few years.

Veracode has changed hands a few times in the past two years and is now going to a technology-focused private equity firm.

Four years after the company went public, Thoma Bravo's purchse will take it off the New York Stock Exchange.