CA Technologies scraps plans to sell data modeling unit
A look at CA Technologies in Islandia. Credit: Kevin P. Coughlin
Software maker CA Technologies announced Monday it was dropping plans to sell a data modeling unit, saying the sale couldn't clear regulatory hurdles in time for the deal to close.
The Long Island-born company had disclosed in March that it was selling its CA ERwin business to Embarcadero Technologies of San Francisco. CA did not disclose terms of the sale, which was scheduled to close by July.
CA, now based in Manhattan, has tapped 17-year company veteran Mark Lukianchuk to take over the unit, which for accounting purposes will remain part of the software maker's discontinued operations.
The company announced the termination of the deal after the close of regular trading. CA shares were unchanged in after-hours trading.
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