CA Technologies to Acquire Rally Software

CA Technologies has signed a deal to acquire Rally Software, a global provider of Agile development software and services, for $480 million. 

Based in Boulder, CO,  Rally software has approximately 500 employees across four continents and FY 2015 sales of $87.5 million. It has customers in more than 135 countries and nearly every industry, including over 35 of the Fortune 100.  

The transaction is expected to close in the second quarter of CA’s fiscal 2016.

“Software applications are changing the world, disrupting established business models and bringing in completely new experiences in areas from travel to banking. In order to compete, businesses need to develop high quality software quickly and reliably,” said Mike Gregoire, CEO of CA Technologies. “Rally is a leading provider of Agile development software and services, with offerings that complement and expand CA’s strengths in the areas of DevOps and Management Cloud. Every developer dreams of creating truly transformative software that responds to a business challenge extremely quickly. Joining forces with Rally makes this dream a possibility for millions of developers worldwide, and in turn opens up the possibility of a whole new range of experiences driven by software.  At the end of the day, this deal is about enabling speed and flexibility, about how we can make the most demanding enterprises truly agile.”

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