SOUTHFIELD ? IT Management specialist CA has agreed to acquire Wily Technology, which provides tools that let IT managers better diagnose software problems, for $375 million in cash. The acquisition is expected to be completed within three months, pending regulatory approval.
When the deal does close, Wily will operate as the Wily Technology division within CA?s Enterprise Systems Management business unit. Wily Technology CEO Dick Williams will join and lead the division, as will Lewis Cirne, Wily?s founder and chief technology officer. CA expects to retain most of Wily?s 260 plus employees.
Kathleen Norton-Schock, CA?s Market Director, Great Lakes Region, said all CA acquisitions have an impact in Michigan in that it expands our product offerings to our many, many clients in the region.
With this acquisition, CA will be the only company to address the management of applications, IT assets and users across all hardware and software, from the mainframe to the distributed environment, said CA President and CEO John Swainson, in a prepared statement. ?Wily is the leader in this sector and the fastest growing major company in a fast growing market.?
Wily products allow IT managers to rapidly detect and diagnose software slowdowns and failures, and better assess the impact of software on a businesses? bottom line. Wily?s technology is installed in more than 450 business and government organizations worldwide
CA expects Wily to contribute approximately $72 million of revenue in CA?s fiscal year 2007 on a ratable basis. Billions of web transactions a day are monitored by Wily?s software ? more transactions for more customers than all its competitors combined.
IT think tank Gartner is forecasting that the Application Management market, where Wily competes, will exceed $1 billion in new license revenues in 2007, and an estimated $1.4 billion in 2009.
