- CA Technologies (NASDAQ:CA +0.1%) has closed its $480M ($19.50/share) acquisition of cloud software development tool vendor Rally Software (RALY), a deal first announced on May 27.
- Rally chairman/CEO Tim Miller will become a CA general manager reporting to the company's chief product officer. Rally's organization and leadership will continue reporting to Miller.
- CA will provide guidance that takes the Rally deal into account in its July 23 FQ1 report.