CA Technologies Completes Acquisition of Automic
January 19 2017 - 9:00AM
Business Wire
CA Technologies (NASDAQ:CA) today announced it has completed the
acquisition of Automic Holding GmbH, a leader in business process
and IT automation software. The close of this acquisition
represents a significant milestone in CA’s strategy. The
acquisition broadens CA’s solution set to better enable customers
to drive digital transformation across their organizations to
compete in today’s application economy.
The addition of Automic adds new cloud-enabled automation and
orchestration capabilities across CA’s portfolio and increases its
global reach. Automic’s European presence, coupled with CA’s broad
portfolio, offers customers a comprehensive solution that
complements existing technology investments and addresses the
challenges of automation across the enterprise.
With the completion of the transaction, Todd DeLaughter,
Automic’s Chief Executive Officer, becomes a general manager
reporting into CA’s Chief Product Officer Ayman Sayed. The Automic
organization and leadership team will continue to report directly
to DeLaughter.
Under the terms of the agreement, the transaction is valued at
approximately 600 million euros, net of cash and cash equivalents
acquired.
CA will provide financial detail regarding the acquisition’s
impact to Fiscal 2017 guidance when it reports third quarter
earnings on January 24, 2017.
About CA Technologies
CA Technologies (NASDAQ:CA) creates software that fuels
transformation for companies and enables them to seize the
opportunities of the application economy. Software is at the heart
of every business in every industry. From planning, to development,
to management and security, CA is working with companies worldwide
to change the way we live, transact, and communicate – across
mobile, private and public cloud, distributed and mainframe
environments. Learn more at www.ca.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170119005068/en/
CA TechnologiesSolutions PRHannah Cho,
+1-650-534-9316Hannah.cho@ca.comorCA TechnologiesCorporate
CommunicationsRita O’Brien, +1-631-342-6687Rita.obrien@ca.com
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