Smartphone / Hardware

Broadcom signs $19bn CA Technologies deal

Posted On: Jul 12, 2018   |   Posted By: TechRadar

Broadcom signs $19bn CA Technologies deal

Broadcom has revealed a multi-billion dollar deal to buy enterprise software experts CA Technologies. The acquisition of the US firm will set Broadcom back $18.9 billion, and sees Broadcom establish a foothold in the enterprise software market for the first time. The acquisition of CA Technologies is an unusual choice for Broadcom, which has traditionally focused on building computing hardware, particularly semiconductors, for smartphones, PCs and industrial machines. However company CEO Hock Tan said that the deal, "represents an important building block as we create one of the world's leading infrastructure technology companies."
Broadcom CA Technologies deal
Last year, Broadcom completed the $5.5bn takeover of networking firm Brocade, giving it an in to the mainframe market which should be strengthened by today's news. "With its sizeable installed base of customers, CA is uniquely positioned across the growing and fragmented infrastructure software market, and its mainframe and enterprise software...

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