IT management giant CA Inc. (NYSE: CA) is in negotiations to acquire Oblicore Inc. for $20 million, around the same price as it paid for its two previous Israeli acquisitions.
CA continues to seek deals in Israel, after already acquiring nine companies, two the past 12 months alone. Last year, CA focused on security applications, and bought Eurekify and IDFocus LLC. Now it is looking at enterprise information monitoring and management systems.
Oblicore was founded in 2000 by Erez Hendelman, Hezi Sheffer, and Oren Gampel. The company develops Service Delivery Management software to improve access to business applications stored on remote servers at enterprises and telecommunications providers. The company has 100 employees.
According to IVC, Oblicore has raised around $25 million, so the sale will not particularly please investors. They include Kreos Capital, Concord Ventures, TechnoPlus Ventures Ltd. (TASE:TNPV), Jerusalem Venture Partners (JVP), Platinum Neurone Ventures, and Shrem Fudim Technologies Ltd. (TASE:SFKT). Guy Gamzu invested in the company seed round, and David Azrieli invested in the first round in 2000.
Oblicore declined to comment on the report, and CA was not available.
Published by Globes [online], Israel business news - www.globes-online.com - on November 17, 2009
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