Computer Associates 2007 Annual Report Download - page 14

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•We completed the acquisitions of Cendura Corporation (Cendura) in September 2006, XOsoft, Inc. (XOsoft) in July 2006,
MDY Group International, Inc. (MDY) in June 2006 and Cybermation, Inc. (Cybermation) in May 2006.
•In February 2007, we announced that CA Anti-Virus 2007, for home and home office, has received Checkmark certification
from West Coast Labs on the Windows Vista Home Premium platform, meeting independent criteria for protection
against viruses. This was the first product of its kind to be independently certified on the new Windows Vista operating
system.
•In February 2007, we announced that our Board of Directors amended our By-laws to implement a majority voting
standard. The new standard provides that a director nominee will be elected only if the number of votes cast “for” exceeds
the number of votes “against” his or her election. Previously, directors were elected under a plurality vote standard, which
mandated that nominees receiving the most votes would be elected regardless of whether those votes constituted a
majority of the shares voted at the meeting.
•In December 2006, we announced the latest release of our Identity and Access Management (IAM) solution that helps
organizations minimize risk while reducing the cost of their IT operations. Our IAM solution unifies and simplifies the
management of enterprise-wide security through automated and centralized policy management.
•In November 2006, we announced Unicenter Advanced Systems Management (Unicenter ASM) r11.1, a platform-
agnostic solution that provides centralized management for virtualized and clustered server environments — enabling
customers to continuously assess, manage and optimize system resources to ensure service availability and reliability.
•In October 2006, we announced that our Board of Directors adopted a new Stockholder Protection Rights Plan (the Rights
Plan) which replaced our existing rights plan when it expired on November 30, 2006. We will ask our stockholders to vote
on the Rights Plan at our annual meeting of stockholders in August 2007.
•In September 2006, we announced a new release of Unicenter Network and Systems Management (Unicenter NSM) that
offers a management database built on Microsoft SQL Server and eases integration of CA and third-party management
solutions — enabling customers to optimize service availability while protecting their existing IT investments.
•In September 2006, we completed the tender offer for the purchase of 41,225,515 shares at a purchase price of $24.00 per
share, for a total price of approximately $989 million, excluding bank, legal and other associated charges. Upon completion
of the tender offer, we retired all of the shares that were repurchased.
•In August 2006, we completed a sale-leaseback of our corporate headquarters located in Islandia, New York. The
transaction resulted in net proceeds of approximately $201 million and a deferred gain of approximately $7 million, which
we amortize as a reduction to rent expense on a straight-line basis over the initial lease term of fifteen years.
•In August 2006, we announced a fiscal year 2007 cost reduction and restructuring plan (the FY07 Plan) that is expected to
yield approximately $200 million in annualized savings when completed. We currently expect a workforce reduction of
approximately 2,000 positions, including 300 positions associated with joint ventures, facilities consolidations and other
cost reduction initiatives. We expect to incur total pre-tax restructuring charges of approximately $200 million over the
2007 and 2008 fiscal years in connection with this restructuring plan.
•In April 2006, we transitioned our human resources applications worldwide and certain financial and sales processing
systems for our North American operations to SAP, an enterprise resource planning (ERP) system. This change in
information system platform for our financial and operational systems is part of an on-going project to implement SAP at
all of our facilities worldwide, which is expected to be completed over the next few years.
•We made the following key additions and changes to our executive management team:
•In February 2007, we announced the appointment of Bilhar Mann as Senior Vice President and General Manager of our
Security Management business unit.
•In November 2006, we announced that Bill Lipsin was named Senior Vice President of Worldwide Channels.
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