By Shravan Bhat
NEW DELHI: CA Technologies has announced a strategic partnership with IDG Ventures India, a technology venture capital fund investing in India, to help drive innovation in the enterprise software market. IDG Ventures India is a part of IDG Ventures, a global network of technology venture funds. IDG Ventures India helps build category-leading companies from India for the Indian and global markets. IDG Ventures has recently invested in firms like Newgen Software, iProf, and Forus Health.
"We believe in the growth and innovation of India's development community," said Jacob Lamm, executive vice president of Strategy and Corporate Development, CA Technologies. "With IDG Ventures India, we have a proven partner who can help us gain early visibility into the many enterprise software startups in the region that represent compelling investment opportunities."
The investment also complements the organic growth planned for CA Technologies in its R&D and Engineering centers, along with expansion into enterprise markets including mobility, cloud, Software-as-a-Service, big data and DevOps.
The investment provides CA with a platform to nurture new ideas and innovations outside the constraints of an existing business, while offering the flexibility to quickly 'roll-in' successful technology into its product portfolio. With this investment, CA Technologies also gains periodic proprietary updates on technology trends, market dynamics and the venture landscape, which will provide the company better visibility into coming trends in the enterprise software market.