CA Technologies invests in IDG Ventures India Fund II LLC as a Strategic LP
New Delhi, India, February 13, 2014 -CA Technologies (NASDAQ:CA) today announced a strategic partnership with IDG Ventures India, a leading technology venture capital fund investing in India, to help drive innovation in the enterprise software market.
IDG Ventures India is a part of IDG Ventures, a global network of technology venture funds. IDG Ventures India helps build category-leading companies from India for the Indian and global markets.
“We believe in the growth and innovation of India’s development community,” said Jacob Lamm, executive vice president of Strategy and Corporate Development, CA Technologies. “With IDG Ventures India, we have a proven partner who can help us gain early visibility into the many enterprise software startups in the region that represent compelling investment opportunities.”
The investment also complements the organic growth planned for CA Technologies in its R&D and Engineering centers, along with expansion into enterprise markets including mobility, cloud, Software-as-a-Service, big data and DevOps. The investment provides CA with a platform to nurture new ideas and innovations outside the constraints of an existing business, while offering the flexibility to quickly ‘roll-in’ successful technology into its product portfolio. With this investment, CA Technologies also gains periodic proprietary updates on technology trends, market dynamics and the venture landscape, which will provide the company better visibility into coming trends in the enterprise software market.
About IDG Ventures India
IDG Ventures India is a leading India-focused technology venture capital fund. The fund is part of IDG Ventures, a global network of technology venture funds with more than US$6 billion under management, over 200 investee companies and 10 offices across Asia and North America.
The fund's lead investor and sponsor is the International Data Group (IDG), the world's largest IT media company. By combining the IDG platform - an unparalleled combination of global technology publishing, market research (IDC), and conferences/exhibition resources - with years of hands-on experience in company building, IDG Ventures India helps its investee companies understand their markets better and penetrate them faster than their competition to build category-leading companies. Learn more about IDG Ventures India at www.idgvcindia.com.
About CA Technologies
CA Technologies (NASDAQ: CA) provides IT management solutions that help customers manage and secure complex IT environments to support agile business services. Organizations leverage CA Technologies software and SaaS solutions to accelerate innovation, transform infrastructure and secure data and identities, from the data center to the cloud. Learn more about CA Technologies at www.ca.com.