Updata Partners To Acquire CA Tech Internet Security Business Unit

Updata Partners, a technology-focused growth equity firm, has 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. Financial terms of the agreement, which is expected to close in June, were not disclosed.

Updata Partners is a 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.

This transaction does not affect CA Technologies enterprise security business, which is focused primarily on identity and access management software. 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.

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“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.”

“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.”