CA Technologies announced it would acquire ITKO (Interactive TKO, Inc.), a provider of simulation solutions that help organizations optimize the development and testing of composite and cloud-based applications, for $330 million in cash.
ITKO’s solutions help customers accelerate application delivery cycle times, improve the quality of services, and reduce lab infrastructure and testing costs.
“ITKO’s technology allows customers to anticipate how their applications will perform in alternate environments, significantly reducing risk, and accelerating their time to value,” said David Dobson, executive vice president, Customer Solutions Group, CA Technologies.
ITKO’s LISA solution enables organizations to “mock up” a service at enterprise speed and enterprise scale—even if the application is unfinished or unstable or the physical resource is unavailable. The LISA solution virtualizes an environment by simulating the behavior of external services without actually invoking them—e.g. how a checkout or fulfillment process should interact with a service, without actually authorizing a credit card or putting a box on a truck. “What-if” capabilities offer a whole new way to understand how an application might behave if components are changed—e.g. swapping an internal RDBMS for a cloud-based database or changing package shippers.
It is expected that all of ITKO’s 120 employees will join CA Technologies, with Shridhar Mittal, president and CEO of ITKO joining CA Technologies as general manager of ITKO, a division of CA Technologies.
Privately-held and profitable, ITKO reported revenue of approximately $39 million on for the trailing 12-month period ending March 31, 2011. Pending regulatory approval, the acquisition is expected to be completed within three months.