CA Technologies completes purchase of Rally Software

NEW YORK — CA Technologies Inc. (Nasdaq: CA) on Wednesday completed its $480 million acquisition of Boulder-based Rally Software Development Corp. (NYSE: RALY), a provider of Agile development software and services.

“The close of this acquisition represents a significant milestone in CA’s strategy, broadening its solution set and capabilities to better serve customers driving digital transformation in their organizations to compete in today’s application economy,” Rally said in a prepared statement.

With completion of the deal, Rally’s chairman and chief executive Tim Miller becomes a general manager reporting to CA’s chief product officer. The Rally organization and leadership team will continue to report directly to Miller.

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Under the terms of the purchase agreement, CA paid $19.50 per share for Rally’s stock. All shares of Rally will be delisted from the New York Stock Exchange by the close of business Wednesday.

Rally, which went public in April 2013, is headquartered at 3333 Walnut St. in Boulder and also has an office in Denver, with about 280 employees total in Colorado.