PHILIPPINES--Global software company CA, formerly known as Computer Associates, is closing down its local office in October, according to a company statement released Wednesday.
However, the software company--known for its management software and security offerings--did not disclose reasons behind its decision to cease its Philippine operations. The statement did say, though, that CA will now conduct business in the country via local partners as part of its "channel partnership strategy". It added that the move is a "carefully considered" strategy that has been developing in the region for "a number of years".
In a phone interview with ZDNet Asia, Lei Acevedo, marketing manager for CA Philippines confirmed the latest development.
But Acevedo also declined to say why the company is closing down the local office, noting only that CA Philippines was able to fulfill its contractual obligations to employees regarding severance payouts and other financial matters.
The software maker will also engage the services of a third-party job placement company to assist employees in finding new jobs, CA said.
In the statement, it also assured Philippine clients that it will continue to provide support through CA's Asia-Pacific headquarters.
CA recently inked an agreement with consulting firm Deloitte, which will market the software company as a "preferred" partner in the areas of governance, risk management and compliance across Asia.
Founded in 1976, New York-based CA clocked US$3.94 billion in revenues for its latest fiscal year, ended Mar. 31 and currently has some 14,500 employees worldwide.