CA Technologies to acquire cloud software firm ITKO
30 Jun 2011
IT management software firm CA Technologies today said it had signed a definitive agreement to acquire privately-held Interactive TKO, Inc. (ITKO), a provider of service simulation solutions for developing applications in composite and cloud environments, for $330 million in an all-cash transaction.
The combination of ITKO, with CA Technologies' solutions will help customers overcome the limitations of current organisational approaches, breaking down the silos across development, testing and operations.
''The addition of ITKO to CA Technologies will extend our ability to deliver a complete set of capabilities to help our customers and partners to increase their adoption and value from cloud-based applications,'' said David Dobson, executive vice president, customer solutions group, CA Technologies.
ITKO's LISA solution enables organisations to ''mock up'' a service at enterprise speed and enterprise scale - even if the application is unfinished or unstable or the physical resource is unavailable. ''What-if'' capabilities offer a whole new way to understand how an application might behave if components are changed-e.g. swapping an internal RDBMS for a cloud-based database or changing package shippers.
Dobson said, ''ITKO's technology allows customers to anticipate how their applications will perform in alternate environments, significantly reducing risk, and accelerating their time to value.''
On an unaudited basis, for the trailing 12-month period ending 31 March 2011, ITKO reported revenue of approximately $39 million, more than doubling the prior 12-month period.
