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.
A 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.