NEW YORK, November 3, 2014 – CA Technologies (NASDAQ: CA) today announced that the agreement to sell its CA ERwin® data modeling business to Embarcadero, announced on March 13, 2014, has been terminated. It is anticipated that the transaction would not receive required regulatory approvals in a timely fashion, and therefore would not meet certain closing conditions.
CA is highly focused on supporting and driving value for CA ERwin customers, partners and employees. The company will continue to invest in and execute on product development, marketing and sales plans. Mark Lukianchuk, a 17-year CA veteran, has been appointed to lead the CA ERwin business. Key members of the leadership team will remain in place.
The award-winning CA ERwin is the most-used data modeling tool among data professionals, and is sold almost exclusively through more than 500 partners in over 70 countries. In August 2014, CA ERwin was named “Best Modeling Solution” in the inaugural Database Trends and Applications (DBTA) magazine Readers’ Choice Awards.
For financial accounting purposes, CA Technologies will continue to recognize the CA ERwin business as discontinued operations.
Announcement from here.
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