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In solar energy, the consortium's research will focus on sustainable photovoltaics, multiscale
concentrated solar power, and solar energy integration. In addition, the consortium will focus on
development of sustainable advanced lignocellulosic biofuel systems. They will also focus on the
integration of information technology with building controls and physical systems for commercial and
high-rise residential buildings.
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CA Technologies scouts for acquisitions in India
CA Technologies, a Nasdaq-listed IT management software and solutions company, is pursuing
acquisition opportunities across geographies, including in India, with a ticket size of between $10 million
and $500 million, according to chief executive officer William E McCracken.
“We are constantly scouting for potential targets across the world, and we probably have between 200
and 300 companies on our merger and acquisitions' radar at any given point of time as there is so much
of innovation happening in the industry. Obviously, India is a good technology location and hence is a
good target for us. In the last two-and-a-half years, the over $4.5-billion company had invested around
$2 billion in acquisitions, including Oblicore, 3Tera, nimsoft, NetQoS and 4Base. It also bought Arcot
Systems for $200 million, which has a 115-strong research and development (R&D) center in Bangalore,
during this period.
McCracken said that CA was expected to invest anywhere between $300 million and $500 million during
this year for acquisitions, primarily driven by cloud technologies, mobile device management,
application lifecycle management and everything wrapped around it, service assurance and
infrastructure management. The buyouts will help in aligning those technologies with that of CA’s and
develop global solutions, he said. “We are not in any specific discussions right now. We make decisions
just as a prospect,” he said, while declining to spell out a time frame.
To hire 500 more:
CA’s single-largest R&D facility, the India Technology Centre (ITC), currently has 2,000 personnel of its
over 13,000 employees globally, developing common platforms across the its products and building
them into solutions. The ITC develops about 30 per cent of CA's global products.
McCracken said the ITC, the company’s third center globally with the other two being in Silicon Valley in
California and Prague in Europe, had so far seen an investment of over $60 million in infrastructure
alone.
“The ITC is a key part of our strategy. With the growth of the marketplace at over 7 per cent, it is an
enormous opportunity for us to do business here. Taking our employee strength at the ITC to 2,500 in
the next five years is a reasonable target for us,” he added.
Meanwhile, CA, in partnership with the International Institute of Information Technology, Hyderabad
(IIIT-H), on Tuesday opened the University Innovation Centre at its ITC. The centre will blend the
expertise of CA software thought leaders with IIIT-H’s research resources to create and drive delivery of
new products and centers.
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USTDA awards grant to Azure Power
An independent solar power producer, Azure Power, has been awarded a $ 476,670 grant from the
United States Trade and Development Agency (USTDA). The grant will fund a feasibility study on two
500-kW micro-grid solar photo-voltaic power generation pilot projects in Gujarat and Chhattisgarh, the
company said in a statement.