Updata Partners to Acquire CA Technologies Internet Security Business Unit
CA Technologies Internet Security Business Unit ranked one of the top ten endpoint security vendors worldwide
RESTON, Va., May 12, 2011 /PRNewswire/ -- Updata Partners, a
leading technology-focused growth equity firm, today announced that
it has entered into a definitive agreement to acquire the Internet
Security Business Unit (the "ISBU") of CA Technologies. The ISBU
has a 10-year history of providing endpoint security solutions --
including anti-malware and anti-virus -- to consumers and
businesses worldwide. More than 60,000 businesses across a wide
spectrum of industries have deployed the unit's solutions,
including some of the most sophisticated buyers of security
technology, and four million consumers worldwide use the ISBU's
products. IDC recently ranked the ISBU as among the top ten
providers of corporate endpoint security solutions(1), and the NPD
Group recently ranked CA Technologies among the top ten retail
publishers of security software(2). Financial terms of the
agreement, which is expected to close in June, were not
disclosed.
"CA Technologies is one of the top software companies in the
world, with a record of innovation and best-in-class solutions,"
said James Socas, General Partner at Updata Partners. "We are
delighted to be able to work with them, with the ISBU's strong
team, and on behalf of their customers and partners, to create a
new leader in the information security market."
Updata Partners is a leading technology-focused growth equity
firm with over $500 million in capital under management and a ten
year track record of success investing in the software, technology
services and digital media industries. Recent security industry
investments by Updata and its partners include M86 Security (a
leading secure web gateway provider), Alert Logic (a leading cloud
security vendor), CoreStreet (acquired by ActiveIdentity),
SwapDrive (acquired by Symantec), and e-Security (acquired by
Novell).
"This is a win-win for CA Technologies and for our ISBU
customers," said Jacob Lamm, executive vice president of CA
Technologies. "Updata Partners will bring a broad set of resources
and industry expertise to the business, while CA Technologies
pursues its mission of empowering customers to fully leverage the
cloud and other resources through new models of IT management."
This transaction does not affect CA Technologies enterprise
security business, which is focused primarily on identity and
access management software. CA Technologies will continue to invest
in internal development and innovation to grow its leadership
position in this critical sector.
The new company, which will be called Total Defense, Inc., will
be formed as the security software market is entering a period of
rapid change. The nature of threats is shifting from computer
viruses and other malware driven by computer hackers to much more
complex, multi-layered and dangerous threats driven by criminal
intent. At the same time, the number of threats is growing
exponentially. AV-Test.org has observed that the annual volume of
unique malware increased from 1 million to 19 million in the past
five years(3). As a result, IDC estimates the corporate endpoint
security market will grow from $7.1 billion in 2010 to $9.9 billion
in 2014(4).
About Updata Partners
Updata Partners is a leading technology-focused growth equity
firm with over $500 million in assets under management. Updata
invests in software, digital media, and technology services
businesses with innovative intellectual property and market-leading
solutions where the combination of the firm's financial backing and
the operating expertise of its partners will accelerate growth. For
additional information, visit Updata Partners at
www.updatapartners.com.
Contact: Linda Maddox Updata Partners
703-736-0020 lmaddox@updata.com
Legal Notice
Copyright(c) 2011 Updata Partners. All Rights Reserved. All
other trademarks, trade names, service marks and logos referenced
herein belong to their respective companies.
(1) IDC Worldwide Endpoint Security 2010 - 2014 Forecast
(November 2010)
(2) The NPD Group / Retail Tracking Service, ranked on units
April 2010 through March 2011
(3) AV-Test.org, January 2011 Report
(4) IDC Worldwide Endpoint Security 2010 - 2014 Forecast
(November 2010)
SOURCE Updata Partners
/Web site: http://www.updatapartners.com