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CA Technologies Sold To Broadcom For $19B

PYMNTS

Broadcom has agreed to buy software company CA Technologies for $18.9 a share in cash for CA, formerly known as Computer Associates, which sells tools for mainframe computers. According to The Wall Street Journal , Broadcom will pay $44.50

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CA Technologies, CNN Pair On Political Data App

PYMNTS

CA Technologies has a new partner in the mainstream media world: CNN. This newly launched app, built with CA Tech’s software, dives into the latest happenings in polling data, delegate counting, voting and fundraising data for the 2016 presidential election. ”

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Broadcom Isn’t Selling Its CA Acquisition Too Well

PYMNTS

That’s the predicament that Broadcom reportedly found itself in on Thursday (July 12), after the chip maker announced it would buy software company CA Technologies for $18.9 CA, formerly known as Computer Associates, sells tools for mainframe computers.

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Tencent Gathers Autonomous Tech Team In CA

PYMNTS

We are building a research team for our Auto-drive Team based in Palo Alto, CA,” the company said in job advertisements on LinkedIn, according to Reuters. It will also create a technology committee to help bolster its research and development, as well as foster collaboration and innovation.

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Deutsche Boerse goes live with spot crypto trading | Meta is building a giant AI model for videos | X could soon receive payment licenses in NY & CA

Bussman Advisory

Gain insights into disruptive technologies, industry updates, and success stories from our portfolio companies. Don’t miss out on the chance to empower your team with crucial knowledge about disruptive technologies, FinTech, AI and Digital Assets! More information on www.bussmannadvisory.com.

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Adam Wright joins CA DFPI’s Office of Financial Technology Innovation; meetings available during weekly office hours

CFPB Monitor

AB-1864, which took effect on January 1, 2021 and significantly expanded the powers of the California Department of Financial Protection and Innovation, required the DFPI to establish a “Financial Technology Innovation Office.”. The Ballard team has significant experience dealing with the DFPI, including matters with Adam.

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Scotiabank tech spend climbs 13%

BankInovation

The Canadian bank’s spend on technology during the quarter increased 13% year over year to CA$570 million ($421 million), according to the bank’s earnings supplement. Scotiabank‘s tech spend climbed in the fourth quarter as the bank invested in digitalization and automation to keep up with client demand.

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