Arcserve, a portfolio company of Marlin Equity Partners, has acquired Zetta, a provider of cloud-based IT backup and disaster recovery services. Arcserve was acquired by Marlin in May 2014.
Zetta’s IT backup as a service offering allows organizations to protect, access and recover physical and virtual data – optimized for datasets up to 500 terabytes – in the cloud. The company’s disaster recovery services enable organizations to protect applications, data and servers in the event of a disaster and provides for complete restore of IT functions via the company’s secure cloud in less than five minutes. The company was founded in 2008 and has approximately 1,600 customers. Zetta is headquartered near San Jose in Sunnyvale, CA (www.zetta.com).
Arcserve is a provider of data protection software and services that enable small, mid-market and enterprise customers to backup, replicate and recover critical data. The company has a customer base of 45,000 end users in more than 150 countries and a partner base of 7,500 distributors, resellers and service providers around the world. Arcserve was founded in 1990 and is headquartered in Minneapolis (www.arcserve.com).
“The acquisition of Zetta represents a significant next step in realizing our vision to advance the data protection industry towards disaster avoidance and prevention,” said Mike Crest, CEO of Arcserve. “With Zetta, we now have the ability to offer a complete end-to-end product suite with near real-time cloud recovery and help our customers avoid the financial consequences of downtime and the loss of critical data across all platforms and delivery methods.”
“The combination of Zetta’s direct-to-cloud backup and disaster recovery capabilities with Arcserve’s high availability and replication technology significantly enhances the value proposition each company provides its respective customers,” said Michael Anderson, a Principal at Marlin. “We look forward to further investing in the combined company’s next-generation cloud solutions and extending these new technologies across Arcserve’s global footprint.”
Marlin invests in businesses that have revenues of $10 million to $2 billion and current profitability is not a requirement. Sectors of interest include software & technology, services, healthcare, consumer, and industrial. The firm is headquartered in Los Angeles with an additional office in London (www.marlinequity.com).
© 2017 Private Equity Professional | July 12, 2017
