<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/b09bb296-8b73-48e2-a743-3e958c9727ff/499E3EAA-60D4-4EC8-AAED-86568401E303/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.informationweek.com/shared/printableArticleSrc.jhtml?articleID=217201175" href="http://www.informationweek.com/shared/printableArticleSrc.jhtml?articleID=217201175" style="font-size: 11px;">www.informationweek.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.informationweek.com/shared/printableArticleSrc.jhtml?articleID=217201175"><P> <FONT color="#0f4692"><STRONG>Swainson:</STRONG></FONT> Since 2007, we haven't done many acquisitions. We've done a few technology tuck-ins, maybe half a dozen or less. We found that valuations got out of control, and frankly we needed to integrate our solutions that we'd organically developed and acquired, to provide a more cohesive story to our customers. So we backed off. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.informationweek.com/shared/printableArticleSrc.jhtml?articleID=217201175"><P> We're now more open to acquisitions. I don't think we've changed what we find our sweet spot to be. If I look back over CA's whole history, the best acquisitions we've done are Wily and Concord and Niku and Netegrity. Those four all were in the size you describe. They were all leaders in their technology space but were kind of boxed in -- in some cases couldn't expand internationally, or they couldn't invest enough in R&D to take their technology to the next level. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/499E3EAA-60D4-4EC8-AAED-86568401E303/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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