CA Buys Cloud Computing Co. Cassatt
Computer Associates Inc. (Nasdaq: CA) has acquired most of the assets of San Jose, Calif.-based cloud computing company Cassatt Corp. No financial terms were disclosed for the deal, although VentureWire reports that Cassatt had been on the verge of bankruptcy. Cassatt had raised more than $76 million in VC funding since 2003, from firms like New Enterprise Associates, Warburg Pincus, Hewlett-Packard and Quatris Fund.
4 June 2009•3 mins read
