 |
The cash transaction has been quoted as USD$350 million and CA said the deal will extend its ability to meet IT management needs of emerging enterprises and MSPs.
CA estimated that emerging enterprises (organisations with annual revenues from $300 million to $2 billion) will account for a quarter of the software spending in CA’s market space by 2013. On the back of the Nimsoft acquisition, CA now expects to add a new set of customers to its bottom line.
“With our planned acquisition of Nimsoft, CA will be equipped to capture several important growth market segments, including emerging enterprises, emerging national economies, and the MSPs who are providing these customers with IT management services via the cloud,” said Chris O’Malley, CA’s Executive VP, Cloud Products and Solutions Business Line. “Penetration of these markets will further expand our global leadership in IT management and complement our existing strength with large enterprise customers.”
CA’s other recent acquisitions include Cassatt, NetQoS and Oblicore as well as the recently announced planned acquisition of 3Tera.
Update: CA has now completed the Nimsoft deal. Full story here.
Pic
