Computer Associates Inc acquires Cassatt Corp

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Acquiring Company: Computer Associates Inc View Profile Charts Homepage
Target Company: Cassatt Corp View Profile Add Homepage Google Search
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Announced: Jun 04, 2009

PRESS RELEASE

Computer Associates Inc. (Nasdaq: CA) has acquired most of the assets of San Jose, Calif.-based cloud computing company Cassatt Corp. No financial terms were disclosed for the deal, although VentureWire reports that Cassatt had been on the verge of bankruptcy. Cassatt had raised more than $76 million in VC funding since 2003, from firms like New Enterprise Associates, Warburg Pincus, Hewlett-Packard and Quatris Fund.

PRESS RELEASE
CA, Inc. (Nasdaq: CA) today announced the acquisition of certain data center automation and policy-based optimization expertise and assets from Cassatt Corporation, a provider of innovative cloud computing software that makes data centers more efficient. Terms of the deal were not disclosed.

“This acquisition strengthens CA’s ability to deliver on the promise of Lean IT for our customers,” said Ajei Gopal, executive vice president of the Products and Technology Group at CA. “With the addition of Cassatt’s engineering team and advanced data center automation assets, CA will accelerate its development of software that helps customers make more intelligent, business policy-based decisions. We are ensuring that CA will continue to be at the forefront of managing our customers’ evolving IT environments.”

As data center environments become more complex with composite applications and cloud computing, CA infrastructure management solutions enable customers to better understand the economic impact of their IT systems and how to optimize them to support business goals.

Cassatt’s Rob Gingell, executive vice president of Product Development and Chief Technology Officer, and Steve Oberlin, Chief Scientist and co-founder, have joined CA, along with their team of developers, engineers, and other key employees. In addition, CA has acquired several Cassatt patents and patent applications, as well as other intellectual property.

“Cassatt has long been a champion for using a cloud-style architecture to manage data centers like a ‘compute utility,’” said Cassatt Chief Executive Officer and founder Bill Coleman. “This is a great move for both organizations because of the vision we share — delivering a new, dramatically more efficient way to run data centers. The acquisition of Cassatt’s data center automation technology and expertise by CA, one of the world’s largest and most successful software companies and an innovator in business-driven automation, will help make this vision into a reality for customers.”

Donald Ferguson, CA’s Chief Architect added, “Cassatt invented an elegant and innovative architecture and algorithms for data center performance optimization. Incorporating Cassatt’s analysis and optimization capabilities into CA’s world-class business-driven automation solution will enable cloud-style computing to reliably drive efficiencies in both on-premises, private data centers and off-premises, utility data centers. We believe the result will be a uniquely comprehensive infrastructure management approach, spanning monitoring, analysis, planning, optimization and execution.”

CA’s business-driven automation solution helps customers reduce capital and operating costs and improve service quality by enabling dynamic, real-time response to changing business demands. The solution is instrumental in increasing business agility, service quality and control, as well as helping to reduce risk and human error, lower costs, and improve IT efficiency. By this optimization of value, CA automation helps customers achieve Lean IT.

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About CA

CA (Nasdaq: CA) is the world’s leading independent IT management software company. With CA’s Enterprise IT Management (EITM) vision and expertise, organizations can more effectively govern, manage and secure IT to optimize business performance and sustain competitive advantage. For more information, visit www.ca.com.

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Jun 04 '09
This version submitted by Anonymous

 

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