Feeds

CA forks out $430m for Netegrity

Security play

  • alert
  • submit to reddit

Security for virtualized datacentres

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

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.