It had changed its accounting method in October 2000 in order to even out profit and revenue from long-term contracts. Wang's SORT offered competition to a similar IBM program, and Wang convinced many businesses with IBM hardware to change over to CA's product.
Sales of SORT generated enough money for Wang to buy new programs from smaller firms and market them to customers who already owned SORT.
CA had made two additional large acquisitions in 1999 and 2000, shelling out for software maker Platinum and then Sterling Software. The company relaunched its premier client-server software in 1997, Unicenter TNG, hoping for more of the booming network market.The firm also continued to attempt to break into applications software, which was earning firms like Microsoft Corporation and Lotus Development Corporation huge sums of money in the personal computer market. But the day before the bond offering, the investor's service Moody's declared it was considering downgrading CA's debt rating, citing a tightening cash flow, and CA canceled the offering.
Cullinet sold database management systems, and CA hoped to use the firm's products to help its applications run on IBM, Digital Equipment, and Unix systems.
Computer Associates Logo Here is the Computer Associates logo in vector format(svg) and transparent PNG, ready to download. Moreover, though CA made a major effort beginning in the mid-1990s to turn around its reputation for poor customer service, a survey in 2001 showed only 10 percent of large customers were satisfied with CA.
Computer Associates acquired On-Line Software International Inc. for about $120 million and Pansophic Systems Inc. for about $290 million, both mainframe software manufacturers.
CA also had far more products, marketing about 200 kinds of software to Microsoft's 26 and Lotus's 15.In combination with the Computing Architecture 1990s plan, Wang spent 1990 refocusing his 7,000 employees on product development and customer service.
When CA decided to establish its own business in the United States, Wang saw an opportunity and in 1976 began Computer Associates International as a joint venture with the Swiss company. Capex, which was half of CA's size, sold support software for programmers. In 1985, CA paid CGA Computer $25 million for Top Secret, a computer-security program. With only two partners and a tiny Manhattan office, Wang limited himself to marketing software by telephone. CA Technologies, formerly known as CA, Inc. and Computer Associates International, Inc., is an American multinational corporation headquartered in New York City.Since November 5, 2018, the company has been a subsidiary of Broadcom Inc.. As a result of its mounting problems, however, CA's growth dropped from 45 percent in 1989 to 6 percent in 1990, and its stock price dropped 50 percent.In 1987, Computer Associates made its largest purchase yet, acquiring rival Uccel for about $830 million in stock. Nevertheless, investors seemed dissatisfied with CA's prospects, and the board faced a proxy battle in the summer of 2001. In 1983, Wang purchased Stewart P. Orr Associates for $2 million and Information Unlimited Software for $10 million.