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Ca Buys Fast Growing Nimsoft

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by Silicon Valley/San Jose Business Journal
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Mar 11 2010 5:30am EDT

A Deal in the Clouds

Nimsoft CEO Gary Read and most of the company's 120 employees are expected to join CA Inc. as part of a $350 million acquisition.
Image: Silicon Valley/San Jose Business Journal

CA Inc. said Wednesday it agreed to acquire Nimsoft Inc. in an all-cash transaction valued at $350 million.

Redwood City, California-based Nimsoft was No. 9 on the Silicon Valley/San Jose Business Journal's 2009 list of fastest-growing private companies. The company had revenue in 2008 of $23.4 million.

Nimsoft, which was founded in 2002 and is led by CEO Gary Read, offers IT availability and performance monitoring software.

Islandia, New York-based CA said the acquisition extends its ability to meet IT management needs of emerging enterprises and managed service providers, both of which are playing leading roles in the growth of cloud computing.

CA estimates that emerging enterprises, which it categorizes as organizations with annual revenues from $300 million to $2 billion, will account for approximately a quarter of the software spending in CA's market space by 2013.

Nimsoft CEO Gary Read and most of Nimsoft's 120 employees are expected to remain after the acquisition.

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