With CA in the fold, the new Broadcom will derive 28 percent of revenue from software from nothing today.
Hock Tan, CEO of Broadcom, said CA Technologies will be "an important building block" and the company can utilize a large base of new customers. CA CEO Mike Gregoire said the combination of software and Broadcom's semiconductor knowhow is appealing.
As for the financials, Broadcom said CA Technologies will be accretive to its non-GAAP earnings. The combined company has annual revenue of $23.9 billion with adjusted EBITDA of $11.6 billion.
Broadcom said the CA purchase is expected to close in the fourth quarter.