CA Technologies announced today its intent to acquire Austria-based Automic Holding GmbH for approximately €600 million ($636 million). The respective boards of directors have approved the deal, which is expected to close by the end of March 2017.
CA CA -1.52% offers products in four portfolios: Agile, DevOps, mainframe, and security, while Automic delivers enterprise automation technology for automating both IT and business processes.
Each vendor recently touted both its digital transformation and DevOps strategies at recent customer events, and in fact, they have deep synergies in both areas. “Automic is super strong in digital transformation,” explains Mike Gregoire, CEO of CA Technologies. “It allows you to change with confidence.”