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CA Technologies, Inc., formerly Computer Associates International, Inc., and CA, Inc., was an American multinational enterprise software developer and publisher that existed from 1976 to 2018. CA grew to rank as one of the largest independent software corporations in the world, and at one point was the second largest.
A previous stock option set in 1995 specified that a certain number of shares would vest when Computer Associates' shares sustained a target price. The benchmark was met in 1998, and the three executives combined received nearly $1 billion in Computer Associates stock with Wang himself netting $700 million; he had already been the highest paid ...
CA Technologies, Inc., formerly Computer Associates International and CA, Inc., was an American multinational software company that developed and published enterprise software. Active from 1976 to 2018, the company was co-founded by Charles B. Wang and Russell Artzt. The pair incorporated CA to capitalize on the emerging market of third-party ...
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In March 1999, Platinum was itself acquired by Computer Associates (CA) for 3.5 billion U.S. dollars, at that time the largest transaction in the history of the software industry. [7] CA offered $29.25 per share, almost a three-to-one premium over Platinum's stock price of $9.875. [8]
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The most immediate impact was that it "cost investors hundreds of millions of dollars," [8] although unlike the matters of Worldcom and Enron, to which it was compared, "Computer Associates - since renamed CA Inc - did not go bankrupt."
On 11 July 2018, news sources reported that Broadcom and CA Technologies agreed on terms for an $18.9 billion acquisition. [45] CA Technologies, formerly known as Computer Associates, was a longtime giant in software for mainframe computers that had expanded its offerings into software for cloud computing. [47]