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Cloud Software Group to Acquire Arctera
Cloud Software Group to Acquire Arctera

Business Wire

time05-08-2025

  • Business
  • Business Wire

Cloud Software Group to Acquire Arctera

FORT LAUDERDALE, Fla. & PLEASANTON, Calif.--(BUSINESS WIRE)--Cloud Software Group, Inc. today announced that it has entered into a definitive agreement to acquire Arctera, a global leader in data management, from funds affiliated with global investment firm Carlyle. Terms of the transaction were not disclosed. Upon close, Arctera will operate as a standalone business unit within the Cloud Software Group portfolio. Arctera is a global data management company created in 2024 following the combination of Veritas' Enterprise Data Protection business with Cohesity. Arctera's portfolio comprises Data Resilience delivered through InfoScale, Data Compliance through the Insight platform and Data Protection through Backup Exec. Arctera helps organizations thrive by delivering market-leading solutions that enable customers to trust, access and illuminate critical data. Headquartered in Pleasanton, California with employees and facilities around the world, Arctera delivers tailored data solutions to thousands of customers globally and generates more than $400 million of annual revenue and more than 40% adjusted EBITDA margins. 'This acquisition marks an exciting milestone for Cloud Software Group and an important step forward in our long-term growth strategy,' said Tom Krause, Chief Executive Officer of Cloud Software Group. 'We have a strong track record of continuing to invest in our portfolio of leading software brands, as evidenced by our work to improve profitability and long-term sustainability of the Citrix and TIBCO businesses. Looking ahead, we aim to acquire at-scale enterprise-focused software businesses that provide proven mission-critical capabilities and high value to public and private sector customers while also ensuring they're a good fit to operate within our proven Cloud Software Group model.' Krause continued, 'We have long admired Arctera's business and the work that the Arctera and Carlyle teams have done to expand the business. Arctera has grown into a leading provider of data and enterprise infrastructure software solutions for customers worldwide, and we are confident that Arctera's portfolio of Data Resilience, Data Compliance and Data Protection products will be a natural complementary addition to Cloud Software Group. We look forward to expanding the services and products we provide for both sets of customers through this acquisition.' 'We are thrilled to enter this next chapter in Arctera's evolution as we become a part of the Cloud Software Group team,' said Lawrence Wong, Chief Executive Officer of Arctera. 'Our mission has been to build on our pedigree of innovation across our three distinct product lines, each tailored to solve the most demanding data challenges for their customers. With Cloud Software Group's global resources, industry leading portfolio and seasoned leadership team, Arctera will be even better positioned to continue helping customers manage one of their most valuable assets: data.' The transaction is expected to close in the fourth quarter of 2025, subject to certain regulatory approvals and customary closing conditions. Cloud Software Group expects to fund the acquisition using cash on its balance sheet. Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal counsel to Cloud Software Group. Citi is serving as exclusive financial advisor and Alston & Bird LLP is acting as legal counsel to Arctera. About Cloud Software Group Cloud Software Group provides the modern enterprise with mission-critical software. Composed of TIBCO, Citrix and software solutions, Cloud Software Group helps more than 100 million users around the globe evolve, compete, and succeed across private, public, managed, and sovereign cloud environments. To learn how to leverage Cloud Software Group's solutions for and across data, automation, insight, and collaboration, visit About Arctera Arctera helps organizations around the world thrive by ensuring they can trust, access, and illuminate their data from creation to retirement. Created in 2024 from Veritas Technologies, an industry leader in secure multi-cloud data resilience, Arctera comprises three business units: Data Compliance, Data Resilience and Data Protection. Arctera provides tens of thousands of customers worldwide, including 70% of the Fortune 100, with market-leading solutions that help them to manage one of their most valuable assets: data. Learn more at Follow us on X at @Arcteraio.

Arctera, Wasabi Technologies and TD SYNNEX Join Forces to Simplify Data Protection
Arctera, Wasabi Technologies and TD SYNNEX Join Forces to Simplify Data Protection

Business Wire

time17-06-2025

  • Business
  • Business Wire

Arctera, Wasabi Technologies and TD SYNNEX Join Forces to Simplify Data Protection

PLEASANTON, Calif.--(BUSINESS WIRE)--Arctera, a global leader in data management, Wasabi Technologies, the hot cloud storage company, and TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem, today announced a joint channel-ready data protection solution to simplify sales for channel resellers. The new offering combines Arctera Backup Exec with Wasabi Hot Cloud Storage into a single offering available to channel partners through TD SYNNEX. The purpose-built integration makes comprehensive data protection easier for both end users and for channel partners. End users can enjoy end-to-end protection for physical, virtual, cloud and SaaS environments, configured for seamless targeting to high-performance hot storage with flat pricing and no egress fees. Partners can expect a turnkey solution that is simple to buy, install and support. With a single order form, SKU and invoice, the solution offers significant margin potential. Simon Jelley, VP and GM Data Protection at Arctera, said: 'In a world where challenges get more and more complex every day, solutions need to be more and more simple. That's what Arctera does for data protection, what Wasabi does for cloud storage and what TD SYNNEX does for the channel. By extending the ease of use of Arctera Backup Exec in a joint solution that includes storage and a combined resale motion, we're enabling partners to be trusted advisors, empowering them to tackle the complexity of ransomware resilience by making it simple to sell, purchase, deploy and manage this solution for organizations of any size.' Laurie Mitchell, SVP of Global Alliances and Partner Marketing at Wasabi, said: 'Wasabi enables our partners to deliver affordable, scalable, and secure cloud storage solutions tailored to their clients' evolving needs while positioning themselves for long-term growth and success in a data-driven world. The combination of Arctera Backup Exec and Wasabi Hot Cloud Storage, delivered through TD SYNNEX, gives resellers a compelling, high-performance offering that lowers costs for their customers while improving margin for themselves.' The joint offering will be available exclusively through the channel, empowering partners with a unique proposition for their end-user customers. Marcie Stout, VP of Cloud Marketplace and ISV at TD SYNNEX, said: 'When it comes to data protection, time is of the essence – this can put pressure on partners as they try to implement robust protection for their customers. With this joint solution from Arctera and Wasabi added to our comprehensive portfolio, we're able to enrich the breadth and depth of our offerings so our partners can quickly deliver a complete data protection solution with preconfigured integration of both the product and sales process.' The joint solution is available today through TD SYNNEX in North America. The organizations intend to expand availability internationally later this year. About Arctera Arctera helps organizations around the world thrive by ensuring they can trust, access, and illuminate their data from creation to retirement. Created in 2024 from Veritas Technologies, an industry leader in secure multi-cloud data resilience, Arctera comprises three business units: Data Compliance, Data Protection and Data Resilience. Arctera provides tens of thousands of customers worldwide, including 70% of the Fortune 100, with market-leading solutions that help them to manage one of their most valuable assets: data. Learn more at and follow us on X @arcteraio. About Wasabi Technologies Recognized as one of the technology industry's fastest growing companies, Wasabi is on a mission to store the world's data by making cloud storage affordable, predictable and secure. With Wasabi, visionary companies gain the freedom to use their data whenever they like without being hit with unpredictable fees or vendor lock-in. Instead, they're free to build best-of-breed solutions with the industry's fastest-growing ecosystem of independent cloud application partners. Customers and partners all over the world trust Wasabi to help them put their data to work so they can unlock their full potential. Visit to learn more. About TD SYNNEX TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We're an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX's 23,000 co-workers are dedicated to uniting compelling IT products, services and solutions from 2,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, AI, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem. For more information, visit follow our newsroom or follow us on LinkedIn, Facebook and Instagram.

Arctera, Wasabi Technologies and TD SYNNEX Join Forces to Simplify Data Protection
Arctera, Wasabi Technologies and TD SYNNEX Join Forces to Simplify Data Protection

Yahoo

time17-06-2025

  • Business
  • Yahoo

Arctera, Wasabi Technologies and TD SYNNEX Join Forces to Simplify Data Protection

Improved margin, accelerated sales cycle and complete end-user proposition delivered through joint offering PLEASANTON, Calif., June 17, 2025--(BUSINESS WIRE)--Arctera, a global leader in data management, Wasabi Technologies, the hot cloud storage company, and TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem, today announced a joint channel-ready data protection solution to simplify sales for channel resellers. The new offering combines Arctera Backup Exec with Wasabi Hot Cloud Storage into a single offering available to channel partners through TD SYNNEX. The purpose-built integration makes comprehensive data protection easier for both end users and for channel partners. End users can enjoy end-to-end protection for physical, virtual, cloud and SaaS environments, configured for seamless targeting to high-performance hot storage with flat pricing and no egress fees. Partners can expect a turnkey solution that is simple to buy, install and support. With a single order form, SKU and invoice, the solution offers significant margin potential. Simon Jelley, VP and GM Data Protection at Arctera, said: "In a world where challenges get more and more complex every day, solutions need to be more and more simple. That's what Arctera does for data protection, what Wasabi does for cloud storage and what TD SYNNEX does for the channel. By extending the ease of use of Arctera Backup Exec in a joint solution that includes storage and a combined resale motion, we're enabling partners to be trusted advisors, empowering them to tackle the complexity of ransomware resilience by making it simple to sell, purchase, deploy and manage this solution for organizations of any size." Laurie Mitchell, SVP of Global Alliances and Partner Marketing at Wasabi, said: "Wasabi enables our partners to deliver affordable, scalable, and secure cloud storage solutions tailored to their clients' evolving needs while positioning themselves for long-term growth and success in a data-driven world. The combination of Arctera Backup Exec and Wasabi Hot Cloud Storage, delivered through TD SYNNEX, gives resellers a compelling, high-performance offering that lowers costs for their customers while improving margin for themselves." The joint offering will be available exclusively through the channel, empowering partners with a unique proposition for their end-user customers. Marcie Stout, VP of Cloud Marketplace and ISV at TD SYNNEX, said: "When it comes to data protection, time is of the essence – this can put pressure on partners as they try to implement robust protection for their customers. With this joint solution from Arctera and Wasabi added to our comprehensive portfolio, we're able to enrich the breadth and depth of our offerings so our partners can quickly deliver a complete data protection solution with preconfigured integration of both the product and sales process." The joint solution is available today through TD SYNNEX in North America. The organizations intend to expand availability internationally later this year. About Arctera Arctera helps organizations around the world thrive by ensuring they can trust, access, and illuminate their data from creation to retirement. Created in 2024 from Veritas Technologies, an industry leader in secure multi-cloud data resilience, Arctera comprises three business units: Data Compliance, Data Protection and Data Resilience. Arctera provides tens of thousands of customers worldwide, including 70% of the Fortune 100, with market-leading solutions that help them to manage one of their most valuable assets: data. Learn more at and follow us on X @arcteraio. About Wasabi Technologies Recognized as one of the technology industry's fastest growing companies, Wasabi is on a mission to store the world's data by making cloud storage affordable, predictable and secure. With Wasabi, visionary companies gain the freedom to use their data whenever they like without being hit with unpredictable fees or vendor lock-in. Instead, they're free to build best-of-breed solutions with the industry's fastest-growing ecosystem of independent cloud application partners. Customers and partners all over the world trust Wasabi to help them put their data to work so they can unlock their full potential. Visit to learn more. About TD SYNNEX TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We're an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX's 23,000 co-workers are dedicated to uniting compelling IT products, services and solutions from 2,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, AI, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem. For more information, visit follow our newsroom or follow us on LinkedIn, Facebook and Instagram. 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Arctera FY26 Channel Program Offers Additional Rewards for Partners Aligning to Business Unit Strategy
Arctera FY26 Channel Program Offers Additional Rewards for Partners Aligning to Business Unit Strategy

Business Wire

time01-05-2025

  • Business
  • Business Wire

Arctera FY26 Channel Program Offers Additional Rewards for Partners Aligning to Business Unit Strategy

PLEASANTON, Calif.--(BUSINESS WIRE)-- Arctera, a global leader in data management, today announced its FY26 channel partner program, with enhanced rewards for partners. The latest program continues Arctera's strategy of creating specialized partner rewards initiatives for each of its three business units – Data Compliance, Data Resilience and Data Protection – with tailored recognition, rebates and resources. Arctera began this channel journey following its spinoff from Veritas Technologies in December 2024. In its FY26 program, the first full-year program since the split, new partner benefits include: Enhanced deal registration with incentives aligned to the market opportunities for each business unit. New growth-target incentives that map to the unique characteristics and growth rates for each market. Dedicated partner development funds ringfenced for each business unit that empower partners by providing financial, marketing and training resources to accelerate business growth. Michael Gray, VP of Channels and Alliances at Arctera, said: 'We are passionate about bringing our channel partners with us as we continue to transform our business and harnessing market opportunities. Our focus is encouraging our partners to target the biggest areas of potential growth for each of our three business units. By pooling our industry insight and market-leading products with our partners' relationships and technical implementation skills, we believe that we've got the best possible combination for our joint customers.' The latest Arctera channel program extends the most successful elements of previous programs across all three of the business units. This includes offering deal registration benefits to partners reselling Backup Exec solutions from Arctera Data Protection. Partners working with all three business units will see revenue thresholds tailored specifically to each one, enabling them to quickly move through partner tiers to unlock their optimum rewards status. About Arctera Arctera helps organizations around the world thrive by ensuring they can trust, access, and illuminate their data from creation to retirement. Created in 2024 from Veritas Technologies, an industry leader in secure multi-cloud data resilience, Arctera comprises three business units: Data Compliance, Data Protection and Data Resilience. Arctera provides tens of thousands of customers worldwide, including 70% of the Fortune 100, with market-leading solutions that help them to manage one of their most valuable assets: data. Learn more at Follow us on X @arcteraio.

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