Computer Associates To Buy Nantucket Software
NEW YORK (AP) _ Computer Associates International Inc., a fast-growing software company, said Wednesday it would add to its stable of products by buying Nantucket Corp., a maker of products used to write software.
Financial terms of the deal were not disclosed.
Nantucket, based in Los Angeles, is best known for its Clipper product, which software developers use to write database programs for IBM-type personal computers. Database software organizes such things as customer accounts.
The eight-year-old company is privately owned and had sales last year of about $34 million, according to Softletter, a newsletter that follows the software industry.
Computer Associates, based in Islandia, N.Y., is one of the world’s largest software companies. Although it traditionally concentrated on software for mainframes and minicomputers, it has been aggressively expanding its personal computer software line in the past year.
Barry ReBell, founder and chief executive of Nantucket, said Computer Associates’ marketing strength and technical know-how should improve his company’s products.