Computer Associates has agreed to buy IT governance software firm Niku for $350m in cash.
The Niku application lets IT managers monitor and assess investments, and helps organisations to manage their IT portfolio.
The software starts at the initial product selection and keeps an eye on execution and delivery of initiatives. It also offers results assessment.
CA signed an agreement to become a reseller for Niku's software in January, and said that Niku has been growing at faster rate than the industry average.
"IT governance is the number one priority for chief information officers as they demand that IT investments contribute to the growth, productivity and profitability of their organisations," said CA chief executive John Swainson.
The Niku software will be integrated into CA's Unicenter suite of management software.
Niku is a public company and last year posted net income of $4m on sales of $66.3m. The California based firm has 290 employees.
The acquisition is the fifth for CA since March 2004. The firm has a legacy as an acquirer, but has faced issues over the aggressive integration of the purchases.
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