CA Technologies has signed a definitive agreement to buy a suburban-Dallas software company, Interactive TKO, for $330 million, the Islandia-based software company announced Wednesday.
The all-cash transaction deepens CA’s reach into cloud computing, or Internet-based technology services, which offer greater capacity and speedier testing and adoption of new software applications. CA has purchased several cloud-computing companies in the past year.
The latest acquisition, among other things, allows customers to predict how their software applications will perform in alternate environments, thus reducing risk, CA said.
Interactive TKO has about 120 employees, and CA said it plans to keep all of them. The Plano, Texas, company reported about $39 million in revenue in the 12 months that ended on March 31, more than double the year before, CA said. During that time the company was “highly profitable” and “generated positive cash flow,” CA said.
“The addition of ITKO to CA Technologies will extend our ability to deliver a complete set of capabilities to help our customers and partners to increase their adoption and value from cloud-based applications,” said David Dobson, executive vice president of CA’s customer solutions group.
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