Thursday July 9, 2015 0 comments
The two companies announced the acquisition on May 27 and completed the transaction on Wednesday (July 8).
Under the terms of the agreement, CA is paying $19.50 per share for Rally. Tim Miller, Rally’s chairman and CEO, will become a GM at CA. The Rally organization and leadership team will continue to report directly to Miller.
All shares of Rally were expected to be de-listed from the NYSE stock market by the close of business on Wednesday.
CA Technologies said the acquisition of Rally “represents a significant milestone in CA’s strategy, broadening its solution set and capabilities to better serve customers driving digital transformation in their organizations to compete in today’s application economy.”
Rally Software is a global provider of software and services with a platform that allows companies to manage the software development cycle by aligning development with strategic business objectives.