CA BOLSTERS SERVICES WITH COMPUTER MANAGEMENT BUY.Computer Associates International Inc appears to be reconciled to bolstering its services expertise little by little rather than in one big bite Big Bite was an Australian sketch comedy broadcast on the Seven Network in an evening timeslot. The show starred Chris Lilley of We Can Be Heroes and Andrew O'Keefe, who would go on to fame as host of the Seven Network's Deal or No Deal, Dragons' Den, The Rich List and is to pay $435m or $28 per share for middle market integrator Computer Management Sciences Inc. The Jacksonville, Florida “Jacksonville” redirects here. For other uses, see Jacksonville (disambiguation). Jacksonville is the largest city in the state of Florida and the county seat of Duval County. company earned $12.4m on sales of $90.2m last year and CA's offer represents a 19% premium over CMSI's closing price of $23.50 last Friday. The acquisition is a far cry from the $9bn CA was prepared to pay for Computer Sciences Corp last year, a pursuit that CA eventually abandoned after CSC rejected its advances and a the ensuing battle for control turned ugly. The acquisition of CMSI CMSI Citicorp Mortgage Services, Inc. CMSI Checkout/Control and Monitor Subsystem Interface (NASA) is part of its Plan B, CA said. CMSI will become part of CA's global professional services unit. All 950 CMSI employees will transfer to CA, which will have around 3,000 services staff after the acquisition. CMSI claims that it wasn't for sale when initially approached by CA but said the value proposition for customers soon became evident. CA says it will continue to grow its services business organically and through acquisition in the near-term. It plans to beef up its services presence in Europe by expanding the number of systems outsourcing centers which CMSI maintains. CMSI has eight centers now. CA's plan is to add a dozen in the US and a dozen internationally. The networked centers provide repositories of reusable applications and other software components. CSMI CSMI Computer Systems Management, Inc. CSMI Cyprus Society of Medical Informatics CSMI Cost Savings Modernization Initiative (USAF) CSMI Common Storage Management Interface CSMI Coprocessor Shared Memory Interface uses a proprietary evolution methodology to design and deliver services and has some well-regarded application development skills. CA is hoping that CMSI will spur the sale of its Unicenter TNG TNG Training TNG The Next Generation TNG Tongue TNG The Newspaper Guild (Union) TNG Transitional National Government TNG Telescopio Nazionale Galileo (national facility of the Italian astronomical community) systems management software and Jasmine object database into enterprises. CMSI says its projects range from $250,000 to $10m in size CMSI is CA's fourth services acquisition in 12 months following Realogic Inc, LDA (Local Delivery Agent) Software in a mail server that delivers mail to a local recipient. See messaging system. Systems Inc and Aventura Systems ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and . CA already has secured agreements for the purchase of 34% of CSMI's shares. Merrill Lynch & Co is concerned that CA's focus on the lower margin services business will hurt long-term earnings prospects. CA wants to generate a third of its revenues from consulting services. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion