CA Technologies has agreed to acquire privately-held Interactive TKO (ITKO), a provider of service simulation offerings for developing applications in composite and cloud environments, for $330m in an all-cash transaction.
The acquisition is expected to add a new and critical dimension to modern IT management and extend it to encompass the entire service delivery lifecycle.
The acquisition is expected to help customers overcome the limitations of current organisational approaches, breaking down the silos across development, testing and operations.
CA Technologies executive vice president of Customer Solutions Group David Dobson said the addition of ITKO to CA Technologies will extend their ability to deliver a complete set of capabilities to help their customers and partners to increase their adoption and value from cloud-based applications.
"ITKO’s technology allows customers to anticipate how their applications will perform in alternate environments, significantly reducing risk, and accelerating their time to value," Dobson said.
"Together, we believe we will offer the broadest continuum of IT management solutions – one that spans planning to production, emphasizes the service over the infrastructure, and accommodates the new heterogeneity that includes on-premise, cloud and hybrid application environments."
Content from our partners
CA Technologies believes the combination of ITKO, with the company’s offerings for Service Assurance, Service Automation, Service Management and Turn-key Cloud, will create the most compelling offerings in the market that accommodate the complexity inherent in today’s applications and environments.
ITKO president and CEO Shridhar Mittal said combining LISA with CA Technologies world-class IT management will give their customers a offering that is ready for where they’re going, not limiting them to where they’ve been.
Following the completion of the acquisition, Mittal will join CA Technologies as general manager of ITKO, a division of CA Technologies, while all of ITKO’s approximately 120 employees are anticipated to join CA Technologies.
CA Technologies said the acquisition is expected to be completed within three months.
