CA said Wednesday it has signed a deal to buy IT performance monitoring vendor Nimsoft for US$350 million.
The acquisition, which is scheduled to close this month, will strengthen CA's hand in IT management software for what it calls "emerging enterprises," companies with annual revenues between $300 million and $2 billion.
The category also includes managed service providers of that size and will represent a quarter of the overall IT management market in just a few years, according to a statement.
CA's move into the midmarket represents a change from its core business of serving large enterprises. Nimsoft also has an active presence in cloud computing, with offerings for Rackspace and Amazon's Elastic Compute Cloud, among others.
The acquisition is just the latest for CA, which also recently bought network performance management vendor NetQoS, as well as Oblicore, a maker of software for monitoring service level agreements.
Nimsoft has about 800 customers, mainly in the U.S. and Europe. Most of its 120 employees, including CEO Gary Read will move over to CA under its Cloud Products and Solutions division.
CA officials are expected to discuss the transaction during a webcast scheduled to begin at 4:45 p.m. Eastern time.