CA Technologies divests arcserve data protection business to Marlin Equity Partners

CA Technologies has entered into a definitive agreement to divest its CA arcserve data protection business to investment firm Marlin Equity Partners, allowing it to focus on its core business. Terms of the transaction, which is expected to close in the second quarter of fiscal year 2015 subject to certain approvals, were not disclosed. 

All arcserve business activity will now be recognised by CA Technologies as discontinued operations. A more detailed disclosure of the financial effects of the transaction will be disclosed during CA Technologies first quarter fiscal 2015 earnings announcement on July 23, 2014.

“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 VP, 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 is a backup and recovery software solution that helps companies ensure the availability of mission-critical systems, applications and data.

“We are committed to providing the strategic and operational support necessary to create long-term value for arcserve and look forward to working closely with CA Technologies through the transition,” said Michael Anderson, VP at Marlin.