CA on Monday announced it has acquired Oblicore, a privately held developer of service-level management software used to help businesses handle IT services contracts.
Financial terms of the deal were not disclosed.
CA (NASDAQ: CA) officials said the newly acquired company and application suite will improve its ability to set, measure and optimize service levels to meet business expectations across enterprise and cloud-based IT environments. The applications will also extend CA's ability to provide vendor management tools from the cloud.
"Oblicore's business-centric approach gives enterprises and service providers better understanding and control over the quality and value of their IT service portfolio," Ajei Gopal, executive vice president of CA's products and technology group, said in a statement.
"With Oblicore and the recent acquisitions of NetQoS and Cassatt, CA is leaping ahead in our ability to help customers optimize IT for better business results and capitalize on the emerging cloud computing opportunity," he added.
CA shares trimmed $0.16, or 1 percent, to $22.95 in Monday afternoon trading.
Waltham, Mass.-based Oblicore counts the likes of AT&T, ABN AMRO, British Telecom, Cable & Wireless, ING and Siemens Medical Solutions among its top customers.
Last month, CA shares took flight after Deutsche Bank analyst Todd Rakar upgraded the enterprise software developer's stock from a "hold" recommendation to a "buy" and bumped up his 12-month price target from $22 to $28 a share.
In August, CA rolled out new management software used to monitor and automate the use of Amazon's Elastic Compute Cloud (EC2) as well as other applications used to help enterprise customers build their private clouds for employees, partners, suppliers and customers.
In its most recent quarter, CA posted a profit of $218 million on sales of $1.07 billion. Analysts are expecting a profit of $1.68 a share on sales of slightly more than $4.3 billion in the current fiscal year.
CA shares surged to a 52-week high of $24.15 in October, up more than 60 percent since the stock bottomed out at $15.13 in March.
Article courtesy of InternetNews.com.