CA acquires Nimsoft for USD 350 million in cash
(Thomson Reuters ONE) -
* 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
ISLANDIA, N.Y. and REDWOOD CITY, CA., March 17, 2010 - CA Inc., (NASDAQ:CA)
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.
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 www.nimsoft.com
Unified Monitoring in action, visit the Nimosft public portal at
www.unifiedmonitoring.com
About CA
CA (NASDAQ: 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 www.ca.com
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