Feeds

CA forks out $430m for Netegrity

Security play

  • alert
  • submit to reddit

Reducing security risks from open source software

Computer Associates (CA) is to acquire Netegrity, a computer security firm in an all-cash deal valued at $430m, or $10.75 per fully diluted share. The deal sees the company add to its security product portfolio, following the $50m purchase of anti-spyware firm PestPatrol, this August.

CA last week announced 800 redundancies in cost-saving moves designed to give it more room to pursue an aggressive acquisition strategy. Some jobs are to go at Netegrity too, although CA says it will retain the majority of the company's 400 employees.

Officially a merger, the agreement is subject to regulatory and shareholder approval. CA expects it will close the deal in 90 days, and claims the support of 10 per cent of Netegrity's voting shareholders already.

Computer Associates recently settled with the US Department of Justice and the Securities Exchange Commission over a $2.2bn accounting fraud, which saw sales booked too early as revenue. It is paying $225m restitution to shareholders. ®

Related stories

CA to shed 800 workers
CA's Kumar pleads not guilty to fraud
Former CA chief Kumar indicted as firm coughs up $225m

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple ran off to IBM
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.