Computer Associates to Acquire Niku
09 6월 2005 - 9:33PM
PR Newswire (US)
Computer Associates to Acquire Niku -- All-Cash Transaction Valued
at $21.00 Per Share, or Approximately $350 Million ISLANDIA, N.Y.
and REDWOOD CITY, Calif., June 9 /PRNewswire-FirstCall/ -- Computer
Associates International, Inc. (NYSE:CA), one of the world's
largest management software companies, and Niku (NASDAQ:NIKU), a
leader in information technology management and governance (IT-MG)
solutions, today announced they have signed a definitive agreement
under which CA will acquire Niku in an all-cash transaction valued
at $21.00 per fully diluted common share, or approximately $350
million. "With the integration of Niku, CA will be able to deliver
the broadest and most comprehensive IT governance and service
management solutions on the market to help our customers fully
align IT with the business," said CA President and CEO John
Swainson. "IT governance is the number one priority for CIOs as
they demand that their IT investments contribute to the growth,
productivity and profitability of their organizations. We look
forward to working with the Niku team to leverage CA's existing
systems management strengths and sales force to expand our
offerings in what will be one of our fastest growing businesses --
Business Service Optimization." By acquiring Niku, whose revenue
grew 45% in its last fiscal year, CA gains a critical IT governance
offering that its customers are demanding, in a market segment that
is growing faster than the overall software industry. The solutions
will be integrated with technologies from CA's $1.5 billion
Unicenter business to extend the Company's addressable market and
make CA's overall systems management business even more
competitive. Niku's flagship Clarity IT-MG software is an
integrated suite that spans the full IT life cycle, from investment
selection, to execution and delivery of initiatives, to results
assessment. This capability gives executives comprehensive,
real-time views into their organizations' portfolio of IT
investments, enabling them to run IT like a business. In January
2005, CA announced it had signed a partnership to resell, service
and support Niku's Clarity software. "Our combined company will be
able to provide global customers with a one- stop source for an
integrated suite of solutions - including strategic planning,
project and portfolio management, service management, service
delivery, change management and IT financial management," said Niku
President and CEO Joshua Pickus. "We are excited to expand our
relationship with CA through a transaction that will benefit our
customers, employees and shareholders." Upon completion of the
transaction, Niku's IT management and governance solutions will be
integrated with CA's Business Service Optimization (BSO) unit,
headed by Senior Vice President and General Manager Jacob Lamm. BSO
solutions enable organizations to align their IT investments with
business objectives, control IT costs, deliver IT as a service, and
meet heightened compliance requirements. Pickus will join CA as
senior vice president of Business Service Optimization. It is
anticipated that the vast majority of Niku's approximately 290
employees will remain with CA after the completion of the
transaction. The acquisition is expected to be completed within
three months, pending regulatory approval and the approval of
Niku's shareholders. The acquisition is expected to be slightly
dilutive to CA's earnings per share in fiscal 2006 and slightly
accretive in fiscal 2007. Webcast CA will host a joint conference
call to discuss the transaction at 10 a.m. EDT today. Investors and
the media can access the call via webcast at http://ca.com/invest,
or by calling 1-800-729-6829 (U.S. and Canada) or 1-706-679-5227
(outside of the U.S. and Canada). Callers must reference conference
ID number 6965907. (Logo:
http://www.newscom.com/cgi-bin/prnh/20021111/CALOGO ) About CA
Computer Associates International, Inc. (NYSE:CA), one of the
world's largest management software companies, delivers software
and services across operations, security, storage, life cycle and
service management to optimize the performance, reliability and
efficiency of enterprise IT environments. Founded in 1976, CA is
headquartered in Islandia, N.Y. and serves customers in more than
140 countries. For more information, please visit http://ca.com/.
About Niku Corporation Niku Corporation (NASDAQ:NIKU) is the leader
in IT Management and Governance (IT-MG) solutions. More than
400,000 users at industry leaders such as Avon, BT, Eastman
Chemical, HSBC, Manpower, Royal Caribbean Cruise Lines and Unilever
depend on Niku software to maximize their "Return on IT." With
headquarters in Silicon Valley, Niku serves global customers from
more than 20 offices worldwide. Cautionary Statement Regarding
Forward-Looking Statements Certain statements in this press release
regarding the proposed transaction between CA and Niku, the
expected timetable for completing the transaction, future financial
and operating results, benefits and synergies of the transaction,
future opportunities for the combined company and products and any
other statements regarding CA's or Niku's future expectations,
beliefs, goals or prospects constitute forward-looking statements.
Any statements that are not statements of historical fact
(including statements containing the words "believes," "plans,"
"anticipates," "expects," "estimates" and similar expressions)
should also be considered forward-looking statements. A number of
important factors could cause actual results or events to differ
materially from those indicated by such forward-looking statements,
including the parties' ability to consummate the transaction; the
conditions to the completion of the transaction may not be
satisfied, or the regulatory approvals required for the transaction
may not be obtained on the terms expected or on the anticipated
schedule; and the parties' ability to meet expectations regarding
the timing, completion and accounting and tax treatments of the
merger; the possibility that the parties may be unable to achieve
expected synergies and operating efficiencies in the merger within
the expected time-frames or at all and to successfully integrate
Niku's operations into those of CA; such integration may be more
difficult, time-consuming or costly than expected; revenues
following the transaction may be lower than expected; operating
costs, customer loss and business disruption (including, without
limitation, difficulties in maintaining relationships with
employees, customers, clients or suppliers) may be greater than
expected following the transaction; the retention of certain key
employees at Niku; the CA deferred prosecution agreement with the
United States Attorney's Office of the Eastern District, including
that CA could be charged with criminal offenses if it violates this
agreement; the agreement that CA entered into with the Securities
and Exchange Commission ("SEC"), including that CA may be subject
to substantial civil penalties and fines if it violates this
agreement; civil litigation arising out of the matters that are the
subject of the Department of Justice and the Securities and
Exchange Commission investigations, including shareholder
derivative litigation; CA and Niku are subject to intense
competition and increased competition is expected in the future;
risks associated with the recent loss and ongoing replacement of
key personnel; CA's products must remain compatible with, and CA's
product development is dependent upon access to, changing operating
environments; CA has a significant amount of debt; CA's credit
ratings have been downgraded and could be downgraded further;
customers are still adapting to CA's Business Model; the failure to
protect either party's intellectual property rights may weaken its
competitive position; certain software is licensed from third
parties who require, among other things, the payment of royalties,
which could affect the development and enhancement of either
party's products; CA may become dependent upon large transactions;
the market for some or all of CA's key product areas may not grow;
customer decisions are influenced by general economic conditions;
third parties may claim that either party's products infringe their
intellectual property rights; fluctuations in foreign currencies
could result in transaction losses; acts of war and terrorism may
adversely affect either party's business; the volatility of the
international marketplace; and the other factors described in CA's
Annual Report on Form 10- K for the year ended March 31, 2004 and
its most recent quarterly report filed with the SEC, and Niku's
Annual Report on Form 10-K for the year ended January 31, 2005. CA
and Niku assume no obligation to update the information in this
communication, except as otherwise required by law. Readers are
cautioned not to place undue reliance on these forward-looking
statements that speak only as of the date hereof. Additional
Information and Where to Find It This communication may be deemed
to be solicitation material in respect of the proposed acquisition
of Niku by CA. In connection with the proposed acquisition, CA and
Niku intend to file relevant materials with the SEC, including
Niku's proxy statement on Schedule 14A. STOCKHOLDERS OF NIKU ARE
URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING
NIKU'S PROXY STATEMENT, BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security
holders will be able to obtain the documents free of charge at the
SEC's web site, http://www.sec.gov/, and Niku stockholders will
receive information at an appropriate time on how to obtain
transaction-related documents for free from Niku. Such documents
are not currently available. Participants in Solicitation CA and
its directors and executive officers, and Niku and its directors
and executive officers, may be deemed to be participants in the
solicitation of proxies from the holders of Niku common stock in
respect of the proposed transaction. Information about the
directors and executive officers of CA is set forth in the proxy
statement for CA's 2004 Annual Meeting of Stockholders, which was
filed with the SEC on July 29, 2004. Information about the
directors and executive officers of Niku is set forth in the proxy
statement for Niku's 2005 Annual Meeting of Stockholders, which was
filed with the SEC on June 1, 2005. Investors may obtain additional
information regarding the interest of such participants by reading
the proxy statement regarding the acquisition when it becomes
available. One Computer Associates Plaza, Islandia, N.Y. 11749. All
trademarks, trade names, service marks, and logos referenced herein
belong to their respective companies. Niku and the Niku logo are
registered trademarks and Clarity, Open Workbench and Project
Workbench are trademarks of Niku Corporation in the United States
and certain other countries. All other trademarks, trade names,
and/or product names are used solely for the purpose of
identification and are the property of their respective owners.
http://www.newscom.com/cgi-bin/prnh/20021111/CALOGODATASOURCE:
Computer Associates International, Inc.; Niku CONTACT: Shannon
Lapierre of CA Public Relations, +1-631-748-5025 or ; or Olivia
Bellingham, CA Investor Relations, +1-631-342-4687 or ; or Jaia
Zimmerman of Niku Corporate Communications, +1-415-407-6448 or Web
site: http://ca.com/ Company News On-Call:
http://www.prnewswire.com/comp/196575.html
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