Thursday 30 June 2011

CA Technologies to Acquire Privately-held ITKO for $330 Million in Cash

CA Technologies (NASDAQ:CA) today announced a definitive agreement to acquire privately-held Interactive TKO, Inc. (ITKO), a leading provider of service simulation solutions for developing applications in composite and cloud environments, for $330 million in an all-cash transaction.

Business demand for rapid time-to-market and lower operational costs is driving IT organizations to quickly adopt new approaches such as composite application architectures and cloud services. As the quest for quickly delivering high-quality business services continues, IT management – from automation and security to governance and service assurance – becomes the most critical factor for success.


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CA Technologies to Acquire Privately-held ITKO for $330 Million in Cash