CA Technologies to acquire Automic with unanimous board vote
CA Technologies has signed an agreement, intending to acquire Automic Holding GmbH, a business automation software company.
The deal is valued at 600 million euros and has been unanimously approved by both Boards of Directors.
Automic has approximately 600 employees across Europe, North America and Asia, adding new cloud-enabled automation and orchestration capabilities across CA's portfolio.
“Global businesses need the flexibility and agility to move workloads to the most appropriate locations across heterogeneous hybrid cloud environments, with continuous availability, to stay ahead of their competition,” says Ayman Sayed, president and chief product officer, CA Technologies.
“With the acquisition of Automic, we will deliver automation, scale work flows and business processes while reducing costs and greatly improving accuracy. This level of intelligent automation will give our customers the insights to achieve more agility and realise business value. We are pleased to welcome Automic, which is profitable and growing at a healthy clip, into CA,” explains Sayed.
“Strategically, it accelerates our position with its cloud enabled platform. Operationally, it expands our reach across Europe. And, financially, it meets our rigorous hurdle rates while providing the highest likely return on offshore cash.”
Founded in 1985, Automic has offices in Vienna, Paris, Asia Pacific Japan (APJ), and Bellevue.
“Enterprise customers are engaging with vendors to support their digital transformation initiatives to increase velocity, reliability and scalability among their businesses processes,” says Todd DeLaughter, chief executive officer, Automic.
“Together with CA Technologies, we will help organisations further propel their intelligent automation capabilities to the next level, driving the agility and speed demanded in this era of Digital Transformation.”
The deal is expected to close in the fourth quarter of CA's fiscal 2017.