CA Technologies has signed a definitive agreement to acquire Automic Holding GmbH, a provider of software for automating IT and business processes. The transaction, valued at approximately $640 million, has been approved by both boards of directors, and is expected to close in the fourth quarter of CA’s fiscal 2017.
With Automic, CA says it will add new cloud-enabled automation and orchestration capabilities across the portfolio and increase its reach into the European market. CA expects that Automic’s European presence, coupled with its own worldwide expertise and portfolio, will offer customers a global solution that complements their existing technology investments to address the challenges of automation across the enterprise.
Headquartered in Vienna, Austria, Automic has approximately 600 employees across Europe, North America and Asia.
Automic’s automation technology underpins digital transformation by helping enterprises move from siloed automation to intelligent and orchestrated automation with real-time analytics.
CA will add Automic’s automation and orchestration capabilities to its portfolio to give customers options that address their IT operations and DevOps needs on-premise, in the cloud and hybrid cloud environments. With real-time analytics incorporated into the end-to-end platform approach, customers will benefit from increased business agility with solutions that move from IT-centric task automation to business-centric intelligent automation and orchestration.
With the acquisition of Automic, CA will deliver automation, and scale workflows and business processes while reducing costs and improving accuracy, said Ayman Sayed, president and chief product officer, CA Technologies. He added that strategically, it accelerates CA’s position with its cloud-enabled platform; operationally, it expands its reach across Europe; and financially, it meets CA’s “rigorous hurdle rates” while providing a high return on offshore cash.
Founded in 1985, Automic has offices in Vienna, Paris, Asia Pacific Japan (APJ), and Bellevue, Washington and serves a wide range of customers in the energy, financial services, healthcare, manufacturing, retail and telecommunications sectors.
For more information, go to www.ca.com.