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Broadcom acquires CA Technologies for $18.9 billion, adds software to portfolio

ZDNet
Broadcom acquires CA Technologies for $18.9 billion, adds software to portfolio

Broadcom said it will acquire CA Technologies for $18.9 billion in cash in a move that broadens its reach into software. According to Broadcom, CA Technologies will add recurring revenue, make it a larger enterprise player and ultimately a company focused on infrastructure technology. CA has transformed from a mainframe software company to one focused on DevOps as well as security and building applications. Also: CA Technologies plots big bet on DevSecOps | Broadcom delivers strong Q2 on data center, storage strength Broadcom is paying a 20 percent premium from CA's closing price Wednesday. CA shareholder will get $44.50 in cash for each share. For Broadcom, best known for trying to recently