Tuesday, May 28, 2024

CA Acquires Oblicore

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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

Waltham, Mass.-based Oblicore counts the likes of AT&T, ABN AMRO, British
Telecom, Cable & Wireless, ING and Siemens Medical Solutions among its top

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.

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