Computer Associates International, Inc. and Garnett & Helfrich Capital, a private equity firm specializing in venture buyouts, announced a partnership to divest CA's Ingres open source database unit into an independent corporate entity, Ingres Corporation.
As a result of the transaction, Garnett & Helfrich Capital is the majority shareholder in Ingres Corporation. CA has acquired an ownership stake in Ingres and will have the right to appoint a member to its Board of Directors. CA also intends to work with Ingres on product development, industry partnerships and marketing activities.
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