Silicon Valley investment firm Marlin Equity Partners has successfully closed its acquisiton of back-up vendor Arcserve from its former parent CA.
Arcserve is now celebrating its first few days as an independent entity after completing its divestiture from CA on August 1st.
Marlin, which boasts more than $3 billion of capital to play with, announced its intention to purchase the company for an undisclosed sum a month ago.
Arcserve has previously operated as an independent business unit within CA’s data management unit providing back up and recovery solutions for virtual and physical environments, on premise or in the cloud.
The data management company has amassed 43,000 customers and almost 8,500 channel partners since forming.
The company’s CEO Mike Crest believes the new ownership will position the organisation to grow more aggressively,
“As an independent company, Arcserve will be more agile and entrepreneurial with accelerated investments and expanded market opportunities," he said.
In May, the company launched Arcserve unified data protection to deliver data protection capabilities through a web-based console in pursuit of a larger share of the back up and recovery market.
Cheyenne software originally developed the arcserve solutions in 1990 and CA acquired Cheyenne in 1996 for US$1.2 billion (A$1.29 billion).
Jacob Lamm, executive vice president for strategy and corporate development for CA explained the sale of Arcserve gave CA the opportunity to "sharpen its focus and actively manage its portfolio, divesting non-core assets and making investments in areas of core capability.”
Arcserve counts Taronga Conservatory Society and AVTech among its local customers.