CA Completes Acquisition of Automic for $640 Million

CA Technologies has announced its completion of the acquisition of Automic Holding GmbH, a provider of business process and IT automation software.

Under the terms of the agreement, CA says, the transaction is valued at approximately 600 million euros, or about $640 million, net of cash and cash equivalents acquired.

According to CA, this acquisition broadens CA's solution set, adding new cloud-enabled automation and orchestration capabilities and increases its global reach. Automic's European presence, coupled with CA's broad portfolio, offers customers a comprehensive solution that complements existing technology investments and addresses the challenges of automation across the enterprise.

With the completion of the transaction, Todd DeLaughter, Automic's CEO becomes a general manager reporting into CA's chief product officer Ayman Sayed. The Automic organization and leadership team will continue to report directly to DeLaughter.

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