|[August 04, 2014]
Arcserve Becomes an Independent Company
MINNEAPOLIS --(Business Wire)--
Arcserve, LLC ("Arcserve"), announced that it began operations on August
1, 2014 as a standalone company following the completion of its sale to
Marlin Equity Partners, a global investment firm with over $3 billion of
capital under management. Arcserve is headquartered in Minneapolis,
Minn., and continues to conduct business and serve its 43,000 customers
around the globe.
This transaction positions Arcserve to enter an exciting new expansion
chapter as an independent company, continuing the execution of its
long-term growth strategy. "In our recent fiscal year, we not only saw
unprecedented growth, but we also launched a game-changing platform.
Continuing our heritage as a very profitable organization, our
incremental investments in the business are positioning us to
aggressively accelerate our growth," said Mike Crest, CEO, Arcserve.
With a presence in over 50 countries and with more than 100 distribution
partners, the newly independent Arcserve will maintain its focus on
delivering best-in-class unified data protection solutions to customers
through its network of over 7,500 resellers and 700 managed services
providers around the world.
"Our continued focus is to cut through the complexity and clutter in our
customers' data protection infrastructures and deliver complete, simple
and cost effective solutions for virtual and physical systems,"
continued Crest. "As an independent company, Arcserve will be more agile
and entrepreneurial with accelerated investments and expanded market
opportunities, allowing us to do more of what we do best - serve our
customers with a single-minded purpose and drive the innovations that
will help them achieve their goals."
"As a result of the industry's move to what IDC (News - Alert) calls the 3rd
computing platform - a new, more agile virtual infrastructure targeted
to serve the needs of mobile social, big data/analytics and cloud
computing - data protection economics are driving the industry toward
unified data protection platforms like Arcserve Unified Data Protection
(UDP (News - Alert))," said Eric Burgener, research director, IDC's Storage Practice.
"Now that Arcserve is an independent entity, they will have more freedom
to make targeted investments to accelerate their already double digit
revenue growth over the last several years."
"We are excited to see Arcserve emerge as an independent company that
will continue to deliver innovative data protection solutions and can
now be 100% focused on the data protection market," said Todd O'Bert,
president and CEO, Productive Corporation.
Customers and partners around the globe have broadly welcomed the recent
Arcserve updated brand image and Arcserve UDP, its award-winning new
platform. "Arcserve is 100% committed to our global network of
distributors, resellers and service providers as a stand-alone company.
We are looking forward to accelerating business opportunities and
launching new programs," said Chris Ross, VP of Global Sales, Arcserve.
"The new company's focus will enable us to further redefine the
competitive landscape, leverage the successful introduction of Arcserve
UDP, and aggressively challenge legacy niche and other complex solutions
to provide a real alternative to end-users looking for enterprise class
features delivered as a complete solution that is easy to deploy and
Arcserve is a leading provider of data protection and recovery software
that provides organizations with the assurance that they can recover
their data and applications when needed. Founded in 1990, Arcserve
provides a comprehensive solution for virtual and physical environments,
on premise or in the cloud, backed by unsurpassed support and expertise.
Our new unified architecture, Arcserve Unified Data Protection (UDP),
drives a full range of highly efficient and integrated data protection
capabilities through a simple, web-based user console. Arcserve has an
active customer base of 43,000 end users in more than 50 countries. The
company partners with over 7,500 distributors, resellers and service
providers around the world. Arcserve is headquartered in Minneapolis,
Minnesota with offices around the world. Visit www.arcserve.com.
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.
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