Fate acquired by CA Products Software Founded 1987 Ceased operations 1999 | Defunct 1999 Founder Andrew Filipowski Number of employees 5,000 Parent organization CA | |
Industry Enterprise software
IT services Key people Andrew Filipowski founder Headquarters Oakbrook Terrace, Illinois, United States Subsidiaries Protellicess Software, Inc, Answer Systems, Inc. | ||
Platinum Technology Inc. was founded by Andrew Filipowski in 1987 to market and support deployment of database management software products and the applications enabled by database management technology and to render related services. Over its 12-year history, it was known for its acquisition of other companies, having bought more than 50 companies between 1994 and 1999 and growing to become the eighth largest global software company with revenue of a billion dollars per year. Acquisitions included Altai, Inc. (1995), AutoSystems Corporation, Brownstone Solutions, ICON Computing, Intervista Software, Locus Computing Corporation, LBMS (1998), Logic Works (1998), Protosoft, RELTECH Group, Memco Software, Softool, SQL TOOLS, Inc., Trinzic, Viatech and VREAM (1996). The company was a member of the UML Partners consortium.
Contents
Acquisition by Computer Associates
In March 1999, Platinum was itself acquired by Computer Associates (CA) for 3.5 billion U.S. dollars, at that time the largest transaction in the history of the software industry. CA offered $29.25 per share, almost a three-to-one premium over Platinum's stock price of $9.875.
Transition
In 2001, CA was sued by the United States Department of Justice (DOJ), alleging that the two companies prematurely reduced competition between each other. The DOJ claimed that this was achieved by agreeing to limit discounts offered to customers before the deal was completed.
Protosoft
In November 1995, Protosoft was acquired by Platinum Technology for 40 million U.S. dollars. Protosoft was founded by Dr. Anthony Lekkos and Erick Rivas in 1990 to develop and market Paradigm Plus, an object-oriented analysis and design (OOAD) modeling product and associated code generation and reverse engineering tools.
Memco Software
In September 1998, Platinum Technology acquired Israeli company Memco Software (Nasdaq: MEMCF). The acquisition was accounted for as a stock-for-stock pooling of interests valued at just more than $400 million. The combined offering of both companies was aimed at providing a complete software security solution for protecting enterprise networks, databases, and systems across multiple platforms.
With this merger; Platinum was hoping to become a major security software provider in areas such as access control, single sign-on, user and database security administration, authentication, intrusion detection, secure communications, and policy audit.
Memco Software was founded in 1990 in Tel Aviv, Israel; in 1996 it had an initial public offering on NASDAQ, raising $50 million. Following the acquisition of Platinum by Computer Associates, Memco Software became the basis for CA’s research and development center in Israel.