Content area
Full Text
HOLMDEL, N.J., March 25 /PRNewswire/ -- Updata Capital, Inc. announced today that it was the advisor to Computer Associates International, Inc. (NYSE: CA), in their $415 million acquisition of Computer Management Sciences, Inc (NYSE: CMSX). CA designs, develops, markets, licenses, and supports standardized computer software products and at over $5 billion in revenue is the world's third largest independent software vendor (ISV)(1).
With the completion of this transaction, CA adds CMSI's cutting- edge IT solutions for Fortune 1000 companies to its Global Professional Services, broadening their capabilities and strengthening their offering of leading-edge business solutions and services.
"Our decision to have Updata Capital as our advisor was based on our previous experience with them and their outstanding reputation in the...