CA Technologies announced a definitive agreement to acquire privately-held Interactive TKO, Inc. (ITKO), a provider of service simulation solutions for developing applications in composite and cloud environments, for $330 million in an all-cash transaction.
According to CA, its acquisition of ITKO will add a critical dimension to modern IT management and extend it to encompass the entire service delivery lifecycle. In particular, the acquisition will help customers overcome the limitations of current organizational approaches, breaking down the silos across development, testing and operations.
"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," says David Dobson, executive vice president, Customer Solutions Group, CA Technologies.
"ITKO's technology allows customers to anticipate how their applications will perform in alternate environments, significantly reducing risk, and accelerating their time to value. 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."
At the close of the transaction, Shridhar Mittal, president and CEO of ITKO, will join CA Technologies as general manager of ITKO, a division of CA Technologies, and it is also anticipated that all of ITKO's approximately 120 employees will join CA Technologies.
For additional information about CA Technologies acquisition of ITKO, go to http://investor.ca.com.