CA Technologies buying Rally Software for $480 million

RACHEL KING | April 26, 2016

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CA Technologies is stocking up on agile software products with the purchase of Rally Software.Under the terms of the deal, CA Tech has agreed to pay $19.50 per share, translating to approximately $480 million, for Rally.Founded in 2001, Colorado-based Rally Software filed a $70 million IPO in 2013. Now with more than 500 employees across four continents, Rally produced $88 million in sales in fiscal 2015.But now it looks like all roads are clear for Rally and CA Tech to consolidate as the transaction has been unanimously approved by both Boards of Directors.CA Technologies CEO Mike Gregoire posited in prepared remarks that Rally's Agile development software and services "complement and expand CA's strengths in the areas of DevOps and Management Cloud."

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