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.  

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