Parallax Capital Partners Acquires Multigen-Paradigm Visual Simulation Software Unit Of CA
IRVINE, Calif., January 9, 2006 – Parallax Capital Partners today announced the acquisition of MultiGen-Paradigm, Inc. (MultiGen) a wholly owned subsidiary of CA (NYSE:CA). MultiGen-Paradigm, Inc. is a leading provider of real-time, end-to-end 3D solutions for visualization, simulation and training applications used for both civilian and government purposes. Financial terms of the transaction were not disclosed.
“We are pleased to add MultiGen-Paradigm to Parallax’ portfolio of businesses,” said James Hale, managing partner of Parallax Capital Partners. “MultiGen has a talented group of employees who, if provided further investment, will strengthen the company and provide a path of long-term growth both organically as well as through additional acquisitions. MultiGen joins our family of software companies, which represents over $1 billion in annual revenues.”
The MultiGen acquisition represents the second collaboration between Parallax and CA in the past several years. In November 2002, Parallax lead an investment group that acquired CA’s banking solutions group, now named TriSyn Group.
Customers of MultiGen include the top aerospace and defense companies around the world as well as leading 3D visual simulation software partners and universities. MultiGen was founded in 1981, merged with Paradigm Simulation, Inc. in 1998 and was acquired by CA in 2000. The company will continue to maintain offices in Plano, Texas and in San Jose, California.
“Our management team is excited about this new opportunity with Parallax which will enable us to sharpen our focus in the visual simulation industry,” said MultiGen President and CEO Sandeep Divekar. “The new independent company will continue to offer a full array of proven award-winning simulation software products through on-going R&D efforts while maintaining our world-class service and support organization.”
“Customers will receive the same outstanding level of service that they’ve come to know over the last 25 years from MultiGen-Paradigm,” said Divekar. “Our goal of strengthening our presence in the marketplace will be realized by maintaining strong customer relationships, by meeting customer product needs and by excelling at supporting and servicing their requirements.”
CA will work closely with the new company to ensure a seamless transition for MultiGen-Paradigm’s customers. The transaction is part of CA’s strategy to focus on its core business solutions areas and its vision for Enterprise IT Management.
“MultiGen customers will benefit from this transaction, since Parallax is strongly positioned to drive the continued growth of the company and the evolution of its technology,” said Michael Christenson, executive vice president of strategy and business development at CA. “We believe that Parallax will do an excellent job of leveraging both the technology and the talent of our visual simulations group.”
About the investors
Parallax Capital Partners, LLC (http://www.parallaxcap.com/). Parallax is a Southern California based private investment company focused on acquiring and operating companies across the technology industry. Parallax invests in companies with revenues of between $5 and $500 million. To assist its operating companies in building long-term value, Parallax has established an extensive operational infrastructure, which includes accounting and finance, worldwide sales and marketing, research and development, customer support and human resources. These resources give Parallax the ability to acquire and transition whole companies, business units, product lines and technology.
CA (NYSE: CA), one of the world’s largest information technology (IT) management software companies, unifies and simplifies the management of enterprise-wide IT. Founded in 1976, CA is headquartered in Islandia, N.Y., and serves customers in more than 140 countries. For more information, please visit http://ca.com.
Copyright © 2006 CA. All Rights Reserved. One Computer Associates Plaza, Islandia, N.Y. 11749. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.
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