CA Tech. To Divest Arcserve Data Protection Business - Quick Facts

(RTTNews) - CA Technologies (CA) Monday greed to divest its arcserve data protection business to Marlin Equity Partners.

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.

An award-winning backup and recovery software solution, arcserve helps companies ensure the availability of mission-critical systems, applications and data.

Foros acted as financial advisor to CA Technologies on this divestiture.