Arcserve Strikes Out On Its Own Cloud Path
CA sells data protection software business to a private investment firm that owns Openwave, VantagePoint, other tech.
CA Technologies has sold its Arcserve data protection software business to Marlin Equity Partners, a global private investment firm. CA Technologies general manager of Arcserve will serve as the CEO of the new company, which will be called Arcserve, when details of the sale are finalized in a few months.
Developed more than two decades ago by Cheyenne Software, which CA acquired in 1996, Arcserve has a following of enterprise customers who use it to protect mission-critical systems.
CA just released the latest version of Arcserve Unified Data Protection (UDP), which is available as a single offering for Linux, Unix and Windows systems. It includes extended agentless protection for Hyper-V and VMware virtual environments. However, the backup and recovery market has become competitive, and CA has been divesting a number of businesses since its new CEO, Mike Gregoire, took over last year.
Marlin has $3 billion in capital under management. "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 Marlin VP Michael Anderson in a statement.
Jeffrey Schwartz is editor of Redmond magazine and also covers cloud computing for Virtualization Review's Cloud Report. In addition, he writes the Channeling the Cloud column for Redmond Channel Partner. Follow him on Twitter @JeffreySchwartz.