Xconomy Boston

CA Acquires Concord Communications for $350,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1017a174-06a7-4ced-af26-b1b895663aff&Preview=1
Date
4/8/2005
Company Name
Concord Communications
Mailing Address
400 Nickerson Road Marlboro, MA 01752
Company Description
CA is one of the world’s largest IT management software providers. Our software and expertise unify and simplify complex IT environments in a secure way across the enterprise for greater business results.
Website
http://www.concord.com/
Transaction Type
M&A
Transaction Amount
$350,000,000
Transaction Round
Proceeds Purposes
M&A Terms
Computer Associates agreed to acquire Concord Communications for $350 million in cash to fortify its network service management software position. CA will offer $17 per share for $330 million, plus an assumption of $20 million in debt from Concord for the total purchase price.