Computer Associates Acquiring Netegrity - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Business & Finance

Computer Associates Acquiring Netegrity

CA's $430 million acquisition of the ID-management software vendor is part of a push to strengthen its security product offerings.

Computer Associates, moving to bolster its security product line, said Wednesday that it will acquire identity-management software company Netegrity Inc. for about $430 million in cash.

Computer Associates executives expect the deal, which is subject to regulatory and shareholder approval, to be completed within the next 90 days. Netegrity holds about $90 million in cash and securities, which puts the value of the deal closer to $340 million.

In an interview with InformationWeek this week, CA interim CEO Ken Cron cited security as one of the company's top priorities.

Netegrity is widely known for its identity-management and provisioning applications, including SiteMinder and IdentityMinder. The company's TransactionMinder provides secure access to Web services-based applications.

The acquisition comes just weeks after former CA CEO Sanjay Kumar was indicted by federal prosecutors for allegedly back-dating contracts and encouraging employees to cover up those activities. The software maker also agreed with federal authorities to pay back shareholders $225 million within the next year.

During a conference call with investors Wednesday, Russ Artzt, CA's executive VP for eTrust solutions, said the acquisition will make CA's product offerings in the identity- and access-management market stronger by combining the companies' Web, extranet, and provisioning applications.

There is plenty of synergy between the CA and Netegrity product lines, says Kevin Kampman, practice manager and consulting analyst for directory and security strategies, with the Burton Group. Says Kampman, "The maturity of Netegrity in the access-management and provisioning areas will serve CA well."

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of IT & Cybersecurity Operations 2020
The State of IT & Cybersecurity Operations 2020
Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!
Commentary
Gartner Forecast Sees 7.3% Shrinkage in IT Spending for 2020
Joao-Pierre S. Ruth, Senior Writer,  7/15/2020
Slideshows
10 Ways AI Is Transforming Enterprise Software
Cynthia Harvey, Freelance Journalist, InformationWeek,  7/13/2020
Commentary
IT Career Paths You May Not Have Considered
Lisa Morgan, Freelance Writer,  6/30/2020
Register for InformationWeek Newsletters
Video
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll