Computer Associates Sells Ingres DB Tech

Christopher B. Brown writes to tell us Network World is reporting that Computer Associates is selling their Ingres database technology to a private equity firm called Garnett & Helfrich Capital. From the article: "CA released Ingres last year as an open source project, reviving interest in the dormant software. Still, databases have never been a core part of CA's portfolio. CA CEO John Swainson cast the Ingres sale as part of CA's larger effort to streamline the vast collection of applications it amassed through a decade of heavy acquisitions in the 1990s. Ingres came to CA through its 1994 buyout of ASK/Ingres"

Comments

Re:Why bother?

[HermanAB]

My guess is that it is a tax scam. CA can now claim it as a charitable donation and probably won't have to pay any corporate tax for the next ten years.