Chipmaker Broadcom to Acquire CA Technologies for $18.9B in Cash

Chipmaker Broadcom to Acquire CA Technologies for $18.9B in Cash Image Credit: Elen33/Bigstockphoto.com

Leading chipmaker, Broadcom has agreed to acquire enterprise software company CA Technologies for nearly $19 billion in cash as it seeks to diversify its business beyond semiconductors.

As a global leader in mainframe and enterprise software, CA's solutions help organizations of all sizes develop, manage, and secure complex IT environments that increase productivity and enhance competitiveness. CA leverages its learnings and development expertise across its Mainframe and Enterprise Solutions businesses, resulting in cross enterprise, multi-platform support for customers.

This is the second deal outside semiconductor business for Broadcom after it acquired Brocade, a leader in Fibre Channel storage area network switching and IP networking, last year. The deal set out to build a new type of networking company for the digital era, one that stretches from the core of the data center to the wireless edge, and that remakes the network into a platform for rapid service delivery and business innovation.

Hock Tan, President and CEO, Broadcom
With its sizeable installed base of customers, CA is uniquely positioned across the growing and fragmented infrastructure software market, and its mainframe and enterprise software franchises will add to our portfolio of mission critical technology businesses.

Mike Gregoire, CEO, CA Technologies
This combination aligns our expertise in software with Broadcom's leadership in the semiconductor industry.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

PREVIOUS POST

Ribbon Boosts SD-WAN and UCaaS Offerings with Acquisition of Edgewater Networks for $110M

NEXT POST

Intel to Acquire eASIC to Gain into 4G and 5G Wireless, Networking and IoT Segments via Structured ASICs

THE EDITOR'S DESK

UPCOMING EVENTS

Artelligence 2019

Network Virtualization and SDN Asia

Network Virtualization & SDN Americas

Mobile 360 Digital Societies 2019

TADSummit 2019

MWC Los Angeles 2019

The Digitrans Forum 2019

Mobile 360 Eurasia 2019

ON TWITTER

ON FACEBOOK