CA to buy Interactive TKO for $330 mn

By : |June 30, 2011 0

[image_library_tag 575/15575, align=”left” width=”164″ height=”124″ title=” CA Technologies ” alt=” CA Technologies ” border=”0″ vspace=”7″ hspace=”7″ complete=”complete” ,default]BANGALORE, INDIA: Business software maker CA Technologies agreed to buy privately-held Interactive TKO Inc for $330 million in cash to expand its cloud-based offerings.

Interactive TKO, which makes software that allows customers to predict how their applications will perform in different environments, reported revenue of $39 million last year.

CA expects the deal to lower earnings slightly in fiscal 2012.

CA shares closed at $22.63 on Wednesday on Nasdaq.

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