CA Technologies (CA) has entered into a definitive agreement to acquire Automic Holding in a deal of about €600m.
With the acquisition of Automic, CA Technologies says that its cloud-enabled automation and orchestration capabilities will be added to its portfolio. It will also able to expand its reach in the European market.
Automic, a company founded in 1985 and headquartered in Vienna, Austria, offers business automation software solutions that drive competitive advantages. It has a workforce of about 600 working across Europe, North America and Asia.
CA’s global expertise coupled with Automic’s European market penetration can offer global solutions to customers which can address the challenges of enterprise-level automation.
Automic’s automation and orchestration capabilities will now be offered by CA to its customers to address their IT operations and DevOps needs on-premise, in the cloud and hybrid cloud environments.
In its end-to-end platform approach, CA will now offer real-time analytics, which can benefit its customers with increased business agility and solutions that will business-centric intelligent automation and orchestration, rather than IT-centric.
Boards of Directors of both the companies have given green signal for the deal and it is expected to close in the fourth quarter of CA’s fiscal 2017.
CA Technologies president and chief product officer Ayman Sayed said: “Global businesses need the flexibility and agility to move workloads to the most appropriate locations across heterogeneous hybrid cloud environments, with continuous availability, to stay ahead of their competition.
“With the acquisition of Automic, we will deliver automation, scale work flows and business processes while reducing costs and greatly improving accuracy. This level of intelligent automation will give our customers the insights to achieve more agility and realize business value.
“We are pleased to welcome Automic, which is profitable and growing at a healthy clip, into CA. Strategically, it accelerates our position with its cloud enabled platform. Operationally, it expands our reach across Europe. And, financially, it meets our rigorous hurdle rates while providing the highest likely return on offshore cash.”
Automic CEO Todd DeLaughter said: “Enterprise customers are engaging with vendors to support their digital transformation initiatives to increase velocity, reliability and scalability among their businesses processes.
“Together with CA Technologies, we will help organizations further propel their intelligent automation capabilities to the next level, driving the agility and speed demanded in this era of Digital Transformation.”