CA Technologies to Acquire Privately-held ITKO for $330 Million in Cash

CA Technologies CA today announced a definitive agreement to acquire privately-held Interactive TKO, Inc. a leading provider of service simulation solutions for developing applications in composite and cloud environments, for $330 million in an all-cash transaction. Business demand for rapid time-to-market and lower operational costs is driving IT organizations to quickly adopt new approaches such as composite application architectures and cloud services. As the quest for quickly delivering high-quality business services continues, IT management – from automation and security to governance and service assurance – becomes the most critical factor for success. CA Technologies acquisition of ITKO will add a new and critical dimension to modern IT management and extend it to encompass the entire service delivery lifecycle. In particular, the acquisition will help customers overcome the limitations of current organizational approaches, breaking down the silos across development, testing and operations.