On January 5, 2009, CA (formerly Computer Associates) announced its intention to acquire Orchestria. This report assesses the transaction.
Much of the information presented here is not publicly available. Our off-the-record sources in reports such as these include stockholders, present and past company employees, present and past board members, and people who have participated in confidential meetings with the vendors concerned.
Report 808. 17 pages.
Table of Contents
Executive Summary
About Orchestria
Technology Summary
Company History
Strengths
Obstacles
Decision to Seek a Buyer
Revenue, Profit and Loss History
External Funding History
About CA
CA’s Traditional Product and Acquisition Strategy
CA’s New Product and Acquisition Strategy
CA Groups That Will Benefit from the Acquisition
The Transaction
Terms of the Deal
Comparable Transactions
Selected CA Acquisitions
Primary Valuation Considerations
Acquisition Sale and Negotiation History
Orchestria Stockholders’ Perspective
ROI for Stockholders
Achieving a Higher Valuation: Lessons Learned
What Sale Timing Would Have Been Ideal?
Results of the Deal for CA
Benefits for CA Identity and Access Management
Benefits for CA Information Governance
Challenges Arising for CA
Orphan Technology
Implications and Recommendations
For Orchestria’s Customers
For Orchestria’s Competitors
For CA’s Customers
For CA’s Competitors
For CA’s Stockholders
Additional Information
Important Information–Terms of Use