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Divestiture Further Demonstrates CA’s Focus on Core Capabilities
NEW YORK, NY – July 7, 2014 — /BackupReview.info/ — CA Technologies (NASDAQ: CA) today announced it has entered into a definitive agreement to divest its CA arcserve data protection business (arcserve) to Marlin Equity Partners (Marlin). 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 recognized by the Company as discontinued operations. As a result, CA Technologies filed a Form 8-K to update its fiscal year 2015 guidance and provide select financial information. A more detailed disclosure of the financial effects of the transaction will be disclosed during CA Technologies first quarter 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 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.”
An award-winning backup and recovery software solution, arcserve 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.
“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, vice president at Marlin.
Foros acted as financial advisor to CA Technologies on this divestiture.
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A similar press release has been published by Marlin
Marlin Equity Partners to Acquire Arcserve Division of CA Technologies
LOS ANGELES – July 7, 2014 — /BackupReview.info/ — Marlin Equity Partners (“Marlin”) is pleased to announce that it has signed a definitive agreement to acquire Arcserve, a data protection software business, from CA Technologies (NASDAQ: CA). The transaction is expected to close in the current quarter.
Arcserve is a leading provider of data protection software solutions that enable mid-market, SMB and enterprise customers to backup, replicate and recover unstructured and mission critical data across a hybrid of complex storage and recovery environments. Arcserve’s recently launched next-generation product, Unified Data Protection, combines backup, recovery, replication and high availability technologies into a consolidated, easy-to-use user interface, eliminating the need for customers to manage multiple interfaces or vendors while achieving their individualized recovery point and time objectives. First released in 1990, Arcserve has built longstanding brand equity as an industry leader, with an active customer base of roughly 43,000 end users in more than 50 countries.
“We are very pleased to be working with Marlin through this divestiture process,” commented Jacob Lamm, Executive Vice President, Strategy and Corporate Development of CA Technologies. “Marlin brings deep corporate divestiture experience and a strong track record of growing technology businesses, which will enable sustained innovation and growth for Arcserve as an independent entity.”
Michael Anderson, a vice president at Marlin, said, “We are excited about the opportunity to acquire a leading data protection software provider with an impressive next-generation platform, and look forward to providing financial and operational support to further solidify Arcserve’s leadership position within the global backup and recovery market. This transaction reflects Marlin’s corporate carve-out capabilities and our ability to provide creative solutions for global corporations who are seeking to exit non-core divisions.”
Robin Pederson, an operating partner to Marlin, added, “With Arcserve’s comprehensive software offering, industry leadership and world-class client base, we look forward to accelerating growth and extending product solutions to service the evolving and rapidly changing needs of the backup and recovery market.”
About Marlin Equity Partners
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at email@example.com.
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