Cloud Software Group has moved to further expand its portfolio with the acquisition of data management and protection provider, Arctera.
Arctera was founded in 2024 as the result of Veritas’ Enterprise Data Protection division merger with Cohesity, with the vendor providing data resilience, compliance, and protection capabilities through its InfoScale, Insight, and Backup Exec solutions.
Headquartered in Pleasanton, California, Arctera serves thousands of customers around the world, generating over $400 million in annual revenue and more than 40% adjusted EBITDA margins.
Terms of the deal were not revealed, but the acquisition is expected to close during Q4 2025, subject to regulatory approvals and customary closing conditions.
Cloud Software Group said it expects to fund the deal using cash on its balance sheet.
Cloud Software Group targets M&A boost
In an announcement confirming the deal, Cloud Software Group CEO Tom Krause described the acquisition as an “exciting milestone” for the company and its long-term M&A growth strategy.
“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,” he explained.
“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 said the group has been a long-time admirer of Arctera’s business, as well as the work that has gone into expanding the company.
“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,” he continued.
“We look forward to expanding the services and products we provide for both sets of customers through this acquisition.”
Arctera to remain a standalone business
Upon completion of the acquisition, Arctera will operate as a standalone business unit within the Cloud Software Group portfolio.
“We are thrilled to enter this next chapter in Arctera’s evolution as we become a part of the Cloud Software Group team,” commented Lawrence Wong, Arctera CEO.
“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.”
Make sure to follow ITPro on Google News to keep tabs on all our latest news, analysis, and reviews.
MORE FROM CHANNELPRO
- Snowflake targets PostgreSQL gains with Crunchy Data acquisition
- Trustwave acquisition positions LevelBlue as 'largest pure-play MSSP'
- Palo Alto Networks confirms CyberArk acquisition in major identity security push
-
Cyber skills shortages are pushing organizations into risky shortcutsNews Chronic cyber skills shortages mean many businesses are implementing quick fixes
-
Seagate and Acronis are teaming up to drive MSP storage capabilitiesNews Acronis will incorporate Seagate’s Lyve Cloud Object Storage into its archival storage offerings to help MSPs meet AI-driven data demands
-
Kaseya targets new growth with double C-suite appointmentNews Anthony Anzevino joins the security vendor as chief revenue officer, while Pratik Wadher takes the role of chief technology officer
-
Snowflake revamps channel program to meet rising data and AI demandNews The new-look Snowflake Partner Network (SPN) now includes new training resources, improved structures geared towards growth, as well as increased channel networking opportunities.
-
NinjaOne appoints industry veteran Paul Redding to lead MSP partnershipsNews The former CyberQP executive will spearhead NinjaOne’s efforts to accelerate growth for MSP partners and customers
-
SonicWall appoints Michael Crean to lead new Managed Security Services DivisionNews The industry and channel veteran will spearhead the security vendor’s ongoing expansion into managed security services
-
Is the traditional MSP service desk dead?Industry Insights AI and B2C expectations are reshaping B2B service desks and MSP strategy
-
Monday.com expands partner program with new AI and Service specializationsNews The software provider has refreshed its channel ecosystem to recognize and reward top-performing AI and Service partners
-
‘We are helping organizations strengthen their overall security postures’: Fortinet hits major milestone as partner program surpasses 400 partnersNews Fortinet's Fabric-Ready Technology Alliance Partner Program now boasts more than 3,000 integrations
-
GCX names Luca Simonelli as as SVP of channel and global alliancesNews The leadership veteran will spearhead the MSP’s partner ecosystem expansion plans as it looks to build on strong year-on-year growth
