New York-based CA Technologies has completed the acquisition of Automic Holding GmbH, a vendor of business process and IT automation software.
Under the terms of the agreement, the transaction is valued at approximately 600 million euros, net of cash and cash equivalents acquired.
This deal represents a milestone in CA’s digital transformation strategy called Built To Change.
CA said Automic solutions will better enable customers to drive digital transformation across their organizations to compete in today’s application economy.
The addition of Automic adds new cloud-enabled automation and orchestration capabilities across CA’s portfolio and increases its global reach. Automic’s European presence, coupled with CA’s broad portfolio, offers customers a comprehensive solution that complements existing technology investments and addresses the challenges of automation across the enterprise.
With the completion of the transaction, Todd DeLaughter, Automic’s CEO, becomes a GM reporting into CA’s Chief Product Officer Ayman Sayed. The Automic organization and leadership team will continue to report directly to DeLaughter.