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Article: COMPUTER ASSOCIATES TO BUY 2D MASS. FIRM N.Y. COMPANY WILL PAY $350 MILLION TO GET CONCORD COMMUNITCATIONS
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- April 8, 2005
- Author:
CopyrightCopyright 2005 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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In its second Massachusetts acquisition in the past six months,
Computer Associates International Inc. yesterday said it has agreed
to buy Concord Communications Inc. of Marlborough for $350 million.
Concord has about 640 employees worldwide, including about 250 at
its Marlborough base. The company sells software to businesses
enabling their technicians to manage switches, routers, and other
devices on their computer networks. With the acquisition, Computer
Associates will have roughly 800 employees west of Boston, its second
largest American cluster, after its Islandia, N.Y., headquarters.
"This deal extends us into a larger part of the market," said Jeff
Clarke, the chief operating officer ...