Tech giant CA Technologies announced today that it has reached an agreement to acquire Austrian business software automation company Automic Holding GmbH for around $64 million. The acquisition will bring CA additional cloud-enabled automation and orchestration technologies across its portfolio, while also increasing its presence in the European market, according to the company.
The acquisition, which has already been approved by the boards of directors of both companies, will also bring CA about 600 new employees across Europe, North America, and Asia. The deal is expected to close sometime in the first quarter of 2017.
?EU?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,?EU? said Ayman Sayed, president and chief product officer for CA Technologies, in a statement.
Sayed added that the acquisition will help CA provide more automation, scale work flows and business processes while reducing the company?EU?s costs and improving accuracy. ?EU?This level of intelligent automation will give our customers the insights to achieve more agility and realize business value,?EU? he said.
The deal also helps accelerates CA?EU?s strategic position as a provider of cloud-enabled platforms, allowing it to provide automation services across a broader range of enterprise use cases. According to the company, the deal allows CA to give customers new options to address IT operations and DevOps needs on-premise, in the cloud and hybrid cloud environments.
?EU?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,?EU? the company said.
Meanwhile, Automic Holding?EU?s headquarters in Vienna should help expand CA?EU?s ability to serve the European enterprise market. The 30-year-old company also brings with it a host of new…