BMC Software Inc. and CA Inc. to Merge According to Rumors

Published on: 21 Jun, 2017

BMC Software Inc. and CA Inc. (NASDAQ: CA) are considering a merger deal according to which the two software development companies will be companied as part of the transition of CA becoming private. CA jumped more than 14% Wednesday morning after the announcement.

CA, formerly known as Computer Associates, is engaged in providing software solutions enabling customers to plan, develop, manage and secure applications and enterprise environments across distributed, cloud, mobile and mainframe platforms. It has been trying to shift more of business operations to cloud computing, and announced in March that it was acquiring application security firm Veracode for $614 million.

BMC, which provides software that helps corporations organize their tech support functions, was taken private for $6.9 billion in 2013 by Golden Gate and Bain Capital, after pressure from activist hedge fund Elliott Management Corp., Reuters reported.

According to a report by Bloomberg, If a deal goes ahead, it would be the biggest leveraged buyout of a technology company since a group led by Michael Dell and Silver Lake Management agreed to buy Dell Inc. in 2013 in a transaction valued at almost $25 billion.

Ratings

Ratings
  • 141Views
  • 0Comments

Recommend to Friends

  • facebook
  • Twitter
  • google plus
  • pinterest
  • Digg
  • stumbleupon
  • Reddit
  • linkedin

Danny Abramov

Email: Danny@financialbuzz.com

@Newsletter

Sign Up for Weekly Updates

Related Posts

22 Jun, 2017 135
29 Jun, 2017 180
03 Jul, 2017 114
10 Jul, 2017 125

Comments

There is no comment on this article