Add-on Acquisition • Software

CA Technologies Acquires Platinum Technology International

On May 28, 1999, CA Technologies acquired software company Platinum Technology International from Frontenac for 3.5B USD

Acquisition Context
  • This is CA Technologies’ 11th transaction in the Software sector.
  • This is CA Technologies’ 2nd largest (disclosed) transaction.
  • This is CA Technologies’ 12th transaction in the United States.
  • This is CA Technologies’ 2nd transaction in Illinois.

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M&A Deal Summary

Date May 28, 1999
Target Platinum Technology International
Sector Software
Buyer(s) CA Technologies
Sellers(s) Frontenac
Deal Type Add-on Acquisition
Deal Value 3.5B USD

Target Company

Platinum Technology International

Oakbrook Terrace, Illinois, United States
Platinum Technology was a developer and marketer of database management software, and the only full-service software company specializing exclusively in software tools for large corporate users of DB2, an IBM database management product.
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Buyer Overview 1

Buyer

CA Technologies

New York, New York, United States

Category Company
Founded 1974
Sector Software
Revenue 4.0B USD (2017)
DESCRIPTION
CA Technologies' Indian headquarters in HITEC City Hyderabad.
CA Technologies' Indian headquarters in HITEC City Hyderabad.

CA Technologies is a global software provider for large companies. CA Technologies was formed in 1974 and is based in New York, New York.


Deal Context for Buyer #
Overall 12 of 51
Sector: Software 11 of 38
Type: Add-on Acquisition 11 of 50
State: Illinois 2 of 2
Country: United States 12 of 43
Year: 1999 1 of 2
Size (of disclosed) 2 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-09-02 Computer Management Sciences

Jacksonville, Florida, United States

Computer Management Sciences, Inc. (CMSI) provides software services.

Buy $435M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-01 Snare Networks

Silver Spring, Maryland, United States

Snare Networks is a software developer that provides networks security products to large enterprises, service providers and government agencies.

Buy -

Seller Profile 1

SELLER

Frontenac

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Frontenac is a Midwest US-based private equity firm that seek profitable, lower middle-market company investments with $5 to $25 million of EBITDA. Frontenac typically partners with management when pursuing acquisitions, including companies managed by owner-operators. Sectors of interest include financial services, healthcare services, education/HR services, manufacturing, publishing/media, and technology services. Frontenac was formed in 1971 and is based in Chicago, Illinois.


Deal Context for Seller #
Overall 13 of 60
Sector: Software 2 of 3
Type: Add-on Acquisition 2 of 22
State: Illinois 2 of 4
Country: United States 11 of 58
Year: 1999 2 of 3
Size (of disclosed) 1 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-05-06 Health Valley Foods

Azusa, California, United States

The company was formed to acquire companies in the food industry, focusing on healthy and natural branded food products.

Sell $70M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-16 Regent Lighting

Burlington, North Carolina, United States

Regent Lighting Corp. manufacturer of residential outdoor security lighting.

Sell -