Business software vendor CA has announced on Wednesday that it will cough up $350 million in cash to acquire the IT performance monitoring outfit Nimsoft sometime this month.
The move would give CA a firm hold among the small and mid-cap clients, the companies CA refers to as “emerging enterprises”, which have revenues clocking to the tunes of $300 million to $2 billion.
CA has primarily served big corporations in the past. and is pitching on hopes that these emerging companies would account for almost a quarter of the total IT management software spending in the coming three years or so.
This comes as the latest addition to CA’s acquisition list, as the company has snapped up network performance management firm NetQoS, and Oblicore, a vendor of software solutions for checking service level agreements.
Previously named as Nimbus Software, Nimsoft sells software tools that monitor various components of a company’s IT environment, ranging from servers and applications to networks.
Additionally, the company also sells monitoring software to managed service providers, whose profile include addressing needs of small firms.
Nimsoft’s workforce include 800 clients, mainly across the US and Europe, and CA is expected to keep its 120 employees, including chief executive Gary Read. This is yet another smart move from the firm formerly known as Computer Associates.