To place greater focus on its core capabilities, CA Technologies has agreed to divest its CA arcserve data protection business (arcserve) to Marlin Equity Partners (Marlin). Terms of the purchase, expected to close in the second quarter of fiscal year 2015, were not disclosed.
“We are very pleased with this transaction, and look forward to a seamless transition for our customers, partners and arcserve employees,” said Jacob Lamm, executive vice president, Strategy and Corporate Development, CA Technologies. “CA continues to sharpen its focus and actively manage its portfolio, divesting non-core assets and making investments in areas of core capability. This transaction also further refines our global partner strategy as we continue to build CA for growth.”
Arcserve, a backup and recovery software solution, helps companies ensure the availability of mission-critical systems, applications and data. It is designed for ease of use and mixed IT environments, with a unified architecture that makes protecting physical, virtual and cloud systems simple and effective. Once the transaction has been completed, arcserve will become an independent company.
Foros acted as financial advisor to CA Technologies on this divestiture. For more information, visit www.marlinequity.com.