Chipmaker Broadcom to Acquire CA Technologies for $18.9B in Cash

Leading chipmaker, Broadcom has agreed to acquire enterprise software company CA Technologies for nearly $19 billion in cash as it seeks to diversify its business beyond semiconductors.

As a global leader in mainframe and enterprise software, CA's solutions help organizations of all sizes develop, manage, and secure complex IT environments that increase productivity and enhance competitiveness. CA leverages its learnings and development expertise across its Mainframe and Enterprise Solutions businesses, resulting in cross enterprise, multi-platform support for customers.

This is the second deal outside semiconductor business for Broadcom after it acquired Brocade, a leader in Fibre Channel storage area network switching and IP networking, last year. The deal set out to build a new type of networking company for the digital era, one that stretches from the core of the data center to the wireless edge, and that remakes the network into a platform for rapid service delivery and business innovation.