CA to Acquire Nimsoft
10 Mars 2010 - 10:01PM
PR Newswire (US)
ISLANDIA, N.Y. and REDWOOD CITY, Calif., March 10
/PRNewswire-FirstCall/ -- -- All-Cash Transaction Valued at $350
Million -- Acquisition of Leading Provider of Performance and
Availability Monitoring Solutions Expands CA's Presence in Emerging
Enterprise and MSP Markets -- Webcast Today at 4:45 p.m. ET CA
Inc., today announced it has signed a definitive agreement to
acquire privately-held Nimsoft, Inc.--a leading provider of IT
performance and availability monitoring solutions for emerging
enterprises and Managed Service Providers (MSPs)--in an all-cash
transaction valued at $350 million. The acquisition significantly
extends CA's ability to meet the unique IT management needs of
emerging enterprises and MSPs, both of which are playing leading
roles in the growth of cloud computing. CA estimates that emerging
enterprises, which it categorizes as organizations with annual
revenues from $300 million to $2 billion, will account for
approximately a quarter of the software spending in CA's market
space by 2013. By leveraging Nimsoft's market expertise and
technology, CA expects to add an entirely new set of customers to
its base, which historically has been comprised of large
enterprises. Nimsoft's technology and go-to-market approach also
will leverage CA's presence in growing international markets--where
the Company expects cloud computing and hosted/managed services to
play a central role in business development. "With our planned
acquisition of Nimsoft, CA will be equipped to capture several
important growth market segments--including emerging enterprises,
emerging national economies, and the MSPs who are providing these
customers with IT management services via the cloud," said Chris
O'Malley, CA's executive vice president, Cloud Products and
Solutions Business Line. "Penetration of these markets will further
expand our global leadership in IT management and complement our
existing strength with large enterprise customers." Nimsoft Unified
Monitoring Solution The Nimsoft Unified Monitoring(TM) solution is
designed to allow MSPs complete visibility into the performance and
availability of their customers' business applications across both
internal and external IT infrastructures. Its broad capabilities
and easy deployment and automated maintenance make it an optimal
solution for MSPs. Its automated implementation can help accelerate
time-to-value and its advanced features are specifically designed
to streamline monitoring of a wide range of business applications
for multiple customers--advantages that MSPs around the world are
leveraging to improve service, expand offerings, and boost margins.
Nimsoft has developed monitoring and reporting solutions for public
cloud and on-demand offerings like Google Apps(TM) for Business,
The Rackspace Cloud(TM), Amazon Web Services(TM) and EC2,
Salesforce.com, as well as internal applications, databases, and
physical and virtual server environments. Today's announcement
follows CA's recent acquisitions of Cassatt, NetQoS and Oblicore
and the planned acquisition of 3Tera. "As the way organizations
deploy business services continues to shift, the way they manage
those services must also shift," said Dennis Callaghan, senior
analyst at The 451 Group. "CA's acquisition of Nimsoft--following
its other recent acquisitions in the cloud computing
space--demonstrates that CA is expanding its capabilities to meet
the needs of its existing enterprise customers while also stepping
up to address those of the emerging enterprise and MSP sectors."
The acquisition also will extend CA's leadership position in the
Service Assurance market segment, offering one of the most
comprehensive suites of IT monitoring and management solutions in
the industry. These solutions provide IT organizations with
complete insight into application behaviors and infrastructure
health, helping them to ensure the reliability of critical business
services and optimally utilize available hardware capacity. Nimsoft
was originally established as Nimbus Software in 1998 and renamed
Nimsoft in 2004. It has approximately 800 customers, including
nearly 300 MSPs and operates primarily in the United States and
Europe. CA intends to work closely with Nimsoft's robust network of
MSPs, hosting providers, outsourcing providers and partners to
penetrate emerging markets. "CA and Nimsoft are a perfect match,"
said Gary Read, Nimsoft president and CEO, who will be joining CA.
"We are joining a company that wrote the book on enterprise
management. We're bringing a very strong track record of success in
the hosted and managed services segment and with mid-market
enterprises. CA clearly shares our commitment to address customers'
evolving requirements for the management of their IT systems,
including their move to virtualization and the cloud." Nimsoft's
operations will report under CA's Cloud Products and Solutions
Business Line. It is anticipated that the majority of Nimsoft's
approximately 120 employees will remain with CA after the
completion of the transaction, which is expected to close by the
end of CA's fourth fiscal quarter, ending March 31, 2010. The
acquisition is expected to have minimal impact on fiscal year 2010
results and to be dilutive to earnings per share in fiscal year
2011. For the latest news and updates about this acquisition,
please visit http://www.ca.com/nimsoft. Conference Call CA will
hold a conference call to discuss the strategic acquisition at
4:45p.m. ET today. Individuals can access the call via webcast at
http://ca.com/invest, or by calling 1-888-378-4439. The
international participant number is 1-719-325-2212. The webcast
will be archived on the website. (Photo:
http://www.newscom.com/cgi-bin/prnh/20090402/NYTH500LOGO) About CA
CA , the world's leading independent IT management software
company, helps customers optimize IT for better business results.
CA's Enterprise IT Management solutions for mainframe and
distributed computing enable Lean IT--empowering organizations to
more effectively govern, manage and secure their IT operations. For
more information, visit http://www.ca.com/. Connect with CA -- CA
Social Media Page -- CA Newsletters -- CA Press Releases -- CA
Podcasts About Nimsoft Nimsoft is the first provider of Unified
Monitoring(TM) solutions for virtualized datacenters, hosted and
managed services, cloud platforms, and SaaS resources. The Nimsoft
Unified Monitoring architecture eliminates the need to deploy a new
monitoring solution for outsourced services, public or private
clouds, or SaaS implementations. About 800 customers use Nimsoft
Unified Monitoring solutions, including both mid-market and global
organizations such as Amway Corporation, Barclays Capital, Casual
Male, European Medicines Agency (EMEA), Ladbrokes, TriNet, and
hundreds of leading hosting, Cloud and Managed Service Providers
such as 1&1, CDW, Hitachi, and Rackspace. For more information,
visit http://www.nimsoft.com/ or to see Nimsoft Unified Monitoring
in action, visit the Nimsoft public portal at
http://www.unifiedmonitoring.com/ Trademarks Copyright © 2010
CA. All Rights Reserved. One CA Plaza, Islandia, N.Y. 11749.
Nimsoft and Nimsoft Unified Monitoring are trademarks or registered
trademarks of Nimsoft Inc. Google and Google Apps are trademarks of
Google Inc. The Rackspace Cloud is a trademark of Rackspace US,
Inc. Amazon Web Services and Amazon EC2, are trademarks or
registered trademarks of Amazon Web Services LLC. Salesforce.com is
a trademark or registered trademark of Salesforce.com, Inc. in the
United States and other countries. All other trademarks, trade
names, service marks and logos referenced herein belong to their
respective companies. CA does not provide legal advice. No software
product referenced herein serves as a substitute for your
compliance with any laws (including but not limited to any act,
statute, regulation, rule, directive, standard, policy,
administrative order, executive order, and so on (collectively,
"Laws")) referenced herein or any contract obligations with any
third parties. You should consult with competent legal counsel
regarding any such Laws or contract obligations. Cautionary
Statement Regarding Forward-Looking Statements We have assessed and
will continue to assess the impact on our business of the general
economic downturn and the related impact on the financial services
sector in particular. Approximately one third of our revenue comes
from arrangements with financial institutions (i.e., banking,
brokerage and insurance companies). The majority of these
arrangements are for the renewal of mainframe capacity and
maintenance associated with transactions processed by such
financial institutions. While we cannot predict what impact there
may be on our business from further consolidation of the financial
industry sector, or the impact from the economy in general on our
business, to date the impact has not been material to our balance
sheet, results of operations or cash flows. The vast majority of
our subscription and maintenance revenue in any particular
reporting period comes from contracts signed in prior periods,
generally pursuant to contracts ranging in duration from three to
five years. Certain statements in this communication (such as
statements containing the words "believes," "plans," "anticipates,"
"expects," "estimates" and similar expressions) constitute
"forward-looking statements" that are based upon the beliefs of,
and assumptions made by, the Company's management, as well as
information currently available to management. These
forward-looking statements reflect the Company's current views with
respect to future events and are subject to certain risks,
uncertainties, and assumptions. A number of important factors could
cause actual results or events to differ materially from those
indicated by such forward-looking statements, including: global
economic factors or political events beyond the Company's control;
general economic conditions, including concerns regarding a global
recession and credit constraints, or unfavorable economic
conditions in a particular region, industry or business sector;
impact of revenue recognition accounting policies on operating
results; failure to expand channel partner programs; ability to
adequately manage and evolve financial reporting and managerial
systems and processes; ability to successfully integrate acquired
companies and products into existing businesses; competition in
product and service offerings and pricing; ability to retain and
attract qualified key personnel; rapid technological and market
changes; dependence on third party operating systems and software;
use of software from open source code sources; discovery of errors
in the Company's software and potential product liability claims;
significant amounts of debt and possible future credit rating
changes; the failure to protect the Company's intellectual property
rights and source code; the timing of orders from customers and
channel partners; reliance upon large transactions with customers;
sales to government customers; breaches of the Company's software
products and the Company's and customers' data centers and IT
environments; lack of market growth in key product areas; use of
third party microcode; third party claims of intellectual property
infringement or royalty payments; fluctuations in foreign
currencies; failure to successfully execute restructuring plans and
related sales model changes; successful outsourcing of various
functions to third parties; potential tax liabilities; and these
factors and the other factors described more fully in the Company's
filings with the Securities and Exchange Commission. The Company
assumes no obligation to update the information in this
communication, except as otherwise required by law. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. Press Contacts
Bob Gordon Public Relations CA, Inc. Phone: (631) 523-3192
bobg@ca.com ----------- Kelsey R. Doherty Investor Relations CA,
Inc. Phone: (212) 415-6844 kelsey.doherty@ca.com DATASOURCE: CA
CONTACT: Bob Gordon, Public Relations, CA, Inc.,
+1-631-523-3192,bobg@ca.com; Kelsey R. Doherty, Investor Relations,
CA, Inc., +1-212-415-6844,kelsey.doherty@ca.com Web Site:
http://www.nimsoft.com/http://www.ca.com/
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