CA’s McCracken Seeks Cloud Computing, Security Deals (Update2) - BusinessWeek

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Jan. 29 (Bloomberg) -- William McCracken, CA Inc.’s new chief executive officer, said he will probably buy a company in the next two months to compete with larger rivals International Business Machines Corp. and Oracle Corp.

CA will spend at least $300 million a year on cloud computing and security software acquisitions this fiscal year and next, McCracken said yesterday, after the company announced his appointment. He has been chairman of Islandia, New York- based CA since 2007, and replaces John Swainson, who retired Dec. 31.

CA’s McCracken Seeks Cloud Computing, Security Deals (Update2) - BusinessWeek