73° Good Evening
73° Good Evening

Broadcom completes $18.9 billion purchase of CA Technologies

Shares in the software maker, once headquartered on Long Island, have stopped trading.

The former headquarters of CA Technologies in Islandia

The former headquarters of CA Technologies in Islandia will now be leased by Broadcom. Photo Credit: Kevin P. Coughlin

CA Technologies, which was based in Islandia for much of its 42-year history, was absorbed into Broadcom Inc. on Monday with the close of an $18.9 billion acquisition announced in July.

The deal's close followed regulatory clearance by the European Union in October and two weeks after the death of Charles Wang, who co-founded the enterprise software maker and helped make it a Long Island technology icon with 20,000 employees at its peak.

Broadcom, based in San Jose, California, a maker of semiconductors used in set-top boxes and other devices, completed the acquisition at the start of its 2019 fiscal year.

In 2014 CA moved its headquarters to Manhattan. In May the company announced a restructuring plan that included 800 layoffs to a workforce of about 11,000. At the time, officials said the impact on Islandia's 1,000 employees — down from 1,400 in 2014 — was unclear.

A CA spokeswoman said Friday there were no additional changes at the Islandia site that she could confirm.

Broadcom did not respond to a request for comment Monday.

CA sold its 778,000-square-foot Islandia facility in 2006, and Broadcom now has CA's lease on the building through August 2021.

Peter Goldsmith, chairman of the Long Island Software & Technology Network business group, said CA's acquisition by Broadcom will have scant effect on Long Island's tech community.

"CA left Long Island a long time ago," he said.

The last day of trading for CA stock was Friday, when shares edged up 0.07 percent to close at $44.44.

S&P Dow Jones Indices last week announced that Keysight Technologies Inc., based in Santa Rosa, California, would replace CA in the S&P 500 index.


We're revamping our Comments section. Learn more and share your input.

More news