CA Technologies has sold off its Arcserve data management business to Marlin Equity Partners, just a month after the Sydney launch of a flagship product in the range.
"All Arcserve business activity will now be recognised by the company as discontinued operations," said a statement from CA's New York City headquarters.
Jacob Lamm, CA's executive vice president for Strategy and Corporate Development, said that the sale continues the strategy of "divesting non-core assets and making investments in areas of core capability".
The financial terms of the sale were not disclosed, but CA stated that those details would be made available during the first quarter earnings announcement in two weeks time.
In a forewarning for its Arcserve business line, CA's 2014 annual report earlier this year stated that the vendor would focus on three areas of "core expertise": management cloud, devops and security. The firm had recorded a two percent reduction in revenue for the financial year ended 31 March 2014.
"This transaction also further refines our global partner strategy as we continue to build CA for growth," said Lamm, again echoing the sentiments earlier in the year.
The company's annual report had stated that "failure to expand our partner programs related to the sale of our solutions may result in lost sales opportunities, increases in expenses and a weakening in our competitive position".
Marlin Equity Partners is a Los Angeles headed investment firm. Michael Anderson, vice president at Marlin, said that the company would support Arcserve as a long-term concern.
“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 Anderson.
Arcserve is a data protection, backup and recovery product. The Unified Data Protection component was launched to the channel just last month with a roadshow that toured throughout the Asia-Pacific, including an event at Sydney's Taronga Zoo.