CA Technologies has announced it has sold its Data Protection Business CA arcserve to Marlin Equity Partners as a part of the strategy to focus on the company’s core capabilities, it says.
The terms of the transaction were not disclosed.
The deal is expected to close in the second quarter of fiscal year 2015 and is subject to approvals. Following this, the company will update soon its fiscal year 2015 financial guidance.
arcserve, which offers backup and recovery software solutions, is also a specialist in mission-critical systems, applications and data, it says.
“We are very pleased with this transaction, and look forward to a seamless transition for our customers, partners and arcserve employees. CA continues to sharpen its focus and actively manages 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,” explains Jacob Lamm, executive vice president, Strategy and Corporate Development, CA Technologies.
California-based Marlin Equity Partners is an investment firm with over $3bn of capital and so far it has completed over 75 acquisitions, both through its group and related companies, it says.