from the January 2010 issue

CA buys remote server software co Oblicore

The acquisition is CA's tenth in Israel. IT management giant CA Inc. (NYSE: CA) has signed the agreement to acquire start-up Oblicore Inc. Sources inform "Globes" that under terms of the deal, which will be reported in the next few days, the remote server software company will be acquired for $25 million. The acquisition is CA's tenth in Israel. CA declined to comment on the report.

From the point of view of Oblicore's investors this is not a particularly successful exit because according to IVC Research, a similar amount of money - $25 million - has been invested in Oblicore since its establishment.

Oblicore was founded in 2000 by Erez Hendelman, Hezi Sheffer, and Oren Gampel. The company develops Service Delivery Management software to improve access to business applications stored on remote servers at enterprises and telecommunications providers. Oblicore has 40 employees. The sector has been enjoying growing demand in recent times.

Last summer CA made a strategic decision to enter the computer automation and virtualization sector to provide users with processing and memory resources, applications and content through remote access.

Reprinted from the Israel High-Tech & Investment Report January 2010

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