CA Technologies Divests Arcserve to Global Investment Firm

CA Technologies (CA) has announced that it will officially relinquish control of its CA arcserve data protection business to Marlin Equity Partners, a global investment firm headquartered in Los Angeles. While no financial terms of the transaction were disclosed, the deal is expected to close sometime in the second quarter of 2015.

“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 at CA Technologies, in a statement. “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.”

As of now, the future for arcserve remains uncertain. Cheyenne Software developed the backup and recovery software solutions in 1990. In 1996, CA acquired Cheyenne for a reported $1.2 billion.

As recently as May, CA Technologies has supported the arcserve product with updates and new features, including the arcserve Unified Data Protection (UDP) solution, which promises cost-effective backup alternatives for mixed IT environments.

“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.