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Article: COMPUTER ASSOCIATES TO BUY NETEGRITY
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- October 7, 2004
- Author:
CopyrightCopyright 2004 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Corporate computing software giant Computer Associates
International Inc. said yesterday it will pay $430 million in cash to
acquire Waltham data security firm Netegrity Inc. The deal marks a
major expansion of Computer Associates' security business. It also
comes as the company tries to move on from a major financial scandal
that forced the resignation of its chief executive.
"By adding the best Web security product on the market to its
portfolio, Computer Associates significantly strengthens its leading
position in identity and access management," said chief executive
Kenneth Cron.
Computer Associates will pay $10.75 per share for Netegrity stock.
Because Netegrity has about $90 million in ...