Progress announced the launch of Progress Data Cloud, a managed Data Platform as a Service designed to simplify enterprise data and artificial intelligence (AI) operations in the cloud.
CA Technologies Completes Acquisition of Automic
January 19, 2017
CA Technologies has completed the acquisition of Automic Holding GmbH, a provider 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 CEO, becomes a GM 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.
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