CA Technologies Completes Acquisition of Rally Software
08 Juli 2015 - 2:45PM
Business Wire
CA Technologies (NASDAQ:CA) today announced it has completed the
acquisition of Rally Software Development Corp. (NYSE:RALY), a
leading provider of Agile development software and services. The
close of this acquisition represents a significant milestone in
CA’s strategy, broadening its solution set and capabilities to
better serve customers driving digital transformation in their
organizations to compete in today’s application economy.
With the completion of the transaction, Tim Miller, Rally’s
Chairman and Chief Executive Officer, becomes a General Manager
reporting into CA’s Chief Product Officer. The Rally organization
and leadership team will continue to report directly to Miller.
Under the terms of the agreement, CA is paying $19.50 per share,
which equates to approximately $480 million, net of cash acquired.
CA will provide additional financial detail regarding full year
Fiscal 2016 guidance when it reports first quarter earnings on July
23, 2015. All shares of Rally are expected to be delisted from the
NYSE stock market by the close of business today.
About CA Technologies
CA Technologies (NASDAQ:CA) creates software that fuels
transformation for companies and enables them to seize the
opportunities of the application economy. Software is at the heart
of every business in every industry. From planning, to development,
to management and security, CA is working with companies worldwide
to change the way we live, transact, and communicate – across
mobile, private and public cloud, distributed and mainframe
environments. Learn more at www.ca.com.
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Copyright © 2015 CA, Inc. All Rights Reserved. All trademarks,
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version on businesswire.com: http://www.businesswire.com/news/home/20150708005716/en/
CA TechnologiesJennifer Hallahan, 212-415-6924Corporate
Communicationsjennifer.hallahan@ca.comorSaswato Das,
646-710-6690Corporate Communicationssaswato.das@ca.comorMichael
Bauer, 212-310-6276Investor
Relationsmichael.bauer@ca.comorRallyLeslie Marcotte,
720-446-4926Public Relationslmarcotte@rallydev.comorJeff Cooper,
720-446-4914Investor Relationsir@rallydev.com
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