CA completes $155M acquisition of Layer 7
Islandia-based CA Technologies Inc. Wednesday announced it has completed an acquisition. Credit: Kevin P. Coughlin, 2012
CA Technologies completed its $155 million cash purchase of Layer 7 Technologies, the Islandia-based company announced Wednesday.
Layer 7 is based in Vancouver, Canada, and develops software called an application programming interface that provides security for transactions on mobile devices such as smartphones.
The addition of Layer 7 will help “protect our customers’ sensitive and proprietary data so they can take advantage of these new forms of online business,” CA general manager of security Mike Denning said in a news release.
CA, which announced the deal in April, disclosed the purchase price in its annual report.
The company’s stock fell slightly after the announcement, dropping 1.5 percent to $27.19 at midmorning. CA has a market capitalization—the value of its outstanding shares—of $12.34 billion.
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'It's personal to me' The law would require businesses to have proper state licensing, prove that their employees are paid and ban staff from living at the spas or sleeping there overnight. Repeat offenders could face penalties up to $25,000. NewsdayTV's Shari Einhorn has more.
