CA Inc.'s new chief executive plans to buy a company in the next two months to compete with larger software rivals, according to a published report.
William McCracken, who was named last week as the top executive at Islandia-based CA, told Bloomberg News that the strategy is aimed at competing with International Business Machines Corp. and with Oracle Corp., which last week bought Sun Microsystems.
CA will spend at least $300 million a year on cloud computing and security software acquisitions this fiscal year and next, McCracken said in the Friday Bloomberg report.
The cloud computing model lets clients store and access data on an external server to avoid the cost of maintaining their own.
Continuing investments in cloud and virtualization software, which can help customers use their computers more efficiently, will give CA greater market share without being attached to a hardware company, as are some of its bigger competitors, McCracken said.
"We want to be the heterogeneous, bring-it-all-together guy," said McCracken, 67, who spent more than three decades working at IBM. He declined to comment on any specific deals.
Separately, CA is launching a new publishing venture, CA Press, "to bring business and information technology thought leadership books to market," the company said Monday.
Its first publication, "Under Control: Governance Across the Enterprise," is already on sale at Amazon.com and other retailers.
CA Press is a strategic collaboration with Apress, a leading technical publisher devoted to meeting the needs of information technology professionals, software developers, and programmers.
The book is available at Amazon and other retailers at a list price of $39.99. An eBook version priced at $27.99 is for sale at apress.com/book/view /1430215925.