CA Technologies Announces Divestiture of CA arcserve Data Protection Business to Marlin Equity Partners
July 07 2014 - 4:10PM
Business Wire
Divestiture Further Demonstrates CA’s Focus on Core
Capabilities
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.
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $3
billion of capital under management. The firm is focused on
providing corporate parents, shareholders and other stakeholders
with tailored solutions that meet their business and liquidity
needs. Marlin invests in businesses across multiple industries
where its capital base, industry relationships and extensive
network of operational resources significantly strengthens a
company's outlook and enhances value. Since its inception, Marlin,
through its group of funds and related companies, has successfully
completed over 75 acquisitions. The firm is headquartered in Los
Angeles, California with an additional office in London. For more
information, please visit www.marlinequity.com.
About CA Technologies
CA Technologies (NASDAQ: CA) provides IT management solutions
that help customers manage and secure complex IT environments to
support agile business services. Organizations leverage CA
Technologies software and SaaS solutions to accelerate innovation,
transform infrastructure and secure data and identities, from the
data center to the cloud. Learn more about CA Technologies at
www.ca.com.
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Legal Notices
Copyright © 2014 CA, Inc. All Rights Reserved. All other
trademarks, trade names, service marks, and logos referenced herein
belong to their respective companies.
For CA TechnologiesJennifer Hallahan, 212-415-6924Corporate
Communicationsjennifer.hallahan@ca.com
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