CA kicked off the New Year with the acquisition of a service-level management technology provider Oblicore for an undisclosed sum.
The company formerly known as Computer Associates seems to be on a buying spree for past one year or so after a couple of acquisitions in 2009 which included Cassatt and NetQoS.
The company announced that the acquisition could help it to boost up its IT service catalogue service capabilities for the clients seeking to take their management into cloud computing markets.
Lauding Oblicore’s potential in helping CA’s clients to spruce up their IT services portfolio, Ajei Gopal, executive VP of CA’s Products and Technology Group, said: “Oblicore's business-centric approach gives enterprises and service providers better understanding and control over the quality and value of their IT service portfolio”.
He further went on to say that along with acquisitions of Cassatt and NetQoS, the takeover of Oblicore would help CA to help its customers “optimize IT for better business results and capitalize on the emerging cloud computing opportunity”.
The acquisition of Oblicore, which has a number of big names like British Telecom, ING, and AT&T as its clients, should help in creating great synergies owing to the fact that the IT firms have been partners for a long time and CA’s enterprise software already has Oblicore’s applications incorporated in it.
CA is one brand that we do not hear often in the market and Oblicore is one of the many service providers in the growing cloud computing market. Yet, don't discard CA just yet; the company might have had some issues in the past but it has outperformed the Nasdaq over the last six months.
(IT Business Edge)