New CA CEO Eyes The Cloud

Information Management Online, February 3, 2010

John McCormick

CA’s new chief executive officer, William McCracken, said in a recent interview with Bloomberg news that the company will spend at least $300 million on cloud computing and security software acquisitions in both the company’s current fiscal year and its next one.

McCracken, who has been the Islandia, N.Y.-based software company’s chairman, was also named chief executive on Jan. 28. He succeeded John Swainson, who announced his retirement in September.  

CA has been investing in cloud computing and virtualization software, two of the hottest markets in IT. And, in his interview with Bloomberg, McCracken said CA could gain market share in both those markets without being tied to a hardware company.

“We want to be the heterogeneous, bring-it-all-together guy,” McCracken told Bloomberg.

He decline to elaborate on any deals.

CA, in an e-mail, said no other details would be made available at this time.

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