CA Technologies to Acquire Rally Software for $480 Million
On May 27, 2015, CA Technologies, an IT management software company, announced that it has signed a definitive agreement to acquire Rally Software Development Corp., a leading provider of Agile development software and services, for $19.50 per share, which equates to approximately $480 million. Wilson Sonsini Goodrich & Rosati is advising CA Technologies in the transaction.
The transaction, which is expected to close in the second quarter of CA's 2016 fiscal year, has been unanimously approved by both boards of directors. The acquisition of Rally is a significant milestone in CA's strategy to help customers thrive in the application economy, in which software applications are ubiquitous.
The WSGR team advising CA Technologies includes partners Michael Ringler, John Aguirre, Parag Gheewala, Eileen Marshall, and Scott Sher. Also assisting are associates Derek Liu, Matt Baudler, Anson Lau, Cisco Palao-Ricketts, John Miller, Myra Sutanto Shen, Anne Seymour, Matthew Staples, and Christopher Williams.
For more information, please see CA Technologies' press release.