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CA Technologies to acquire ITKO for $330 mn in cash

CA Technologies to acquire ITKO for $330 mn in cash
PTI
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First Published: Thu, Jun 30 2011. 08 07 PM IST
Updated: Thu, Jun 30 2011. 08 07 PM IST
Mumbai: Nasdaq-listed, CA Technologies today announced a definitive agreement to acquire privately held Interactive TKO, Inc (ITKO), a leading provider of service simulation solutions for $330 million in an all-cash deal.
The acquisition will add a new dimension to modern IT management and extend it to encompass the entire service delivery life cycle. It will help customers overcome the limitations of current organizational approaches, breaking down the silos across development, testing and operations, a company statement said here.
“The addition of ITKO to CA Technologies will extend our ability to deliver a complete set of capabilities to help our customers and partners to increase their adoption and value from cloud-based applications,” CA Technologies, executive vice president, Customer Solutions Group, David Dobson said.
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First Published: Thu, Jun 30 2011. 08 07 PM IST
More Topics: CA Technologies | Nasdaq | ITKO | IT | Corporate News |