Arcserve's Private Equity Owner Looking To Sell The Data Protection Company: Report
The deal, which could be worth between $400 million and $500 million, would see Arcserve have a new private equity owner. No word if the deal would include Zetta, which Arcserve acquired.
Arcserve, one of the pioneers of the data protection software industry, appears to be up for sale by Marlin Equity, the company's current owner.
The move comes just a couple weeks after another data protection vendor, Veeam, in January said it would be acquired by private equity firm Insight Partners for about $5 billion.
Los Angeles-based private equity firm Marlin Equity is looking to sell Eden Prairie, Minn.-based Arcserve to another private equity firm, and is in the process of accepting final bids, according to PE Hub, which focuses on North American private equity deal making.
PE Hub, citing multiple unnamed sources, said the deal could be worth between $400 million and $500 million.
An Arcserve spokesperson declined a CRN request for further information, saying the firm does not comment on "rumors." Marlin Equity did not respond to a CRN request for further information.
An early pioneer in the data protection market, Arcserve was for a long time owned by CA Technologies, formerly known as Computer Associates. CA in July of 2014 sold Arcserve to Marlin Equity for an undisclosed sum.
Arcserve in July of 2017 acquired Zetta for that company's direct-to-cloud data protection capabilities. The PE Hub report did not say whether Zetta would be included in the sale.
Arcserve has continued to be a sound partner in the data protection market, said Todd O’Bert, president and CEO of Productive, an Eden Prairie, Minn.-based solution provider and long-term Arcserve channel partner.
O'Bert told CRN that Arcserve is nowhere the size of data protection vendor Veeam, but has proven itself in the midmarket.
"Arcserve continues to have a good set of products in recovery management," he said. "It's a great option in the midmarket space. Longevity speaks for itself. Customers are satisfied with the Arcserve solutions, and are not jumping to other vendors."