Private equity firm Updata Partners, this week announced that it would acquire the Internet Security Business Unit (the “ISBU”) of CA Technologies. CA Technologies has been heavily focusing on its enterprise security business, primarily in the area of identity and access management solutions. The transaction won’t affect CA’s enterprise security business, and the company will continue to invest in internal development and innovation to grow its position in the sector.
With the acquisition, Updata Partners is creating a new company, to be called Total Defense, Inc. CA Technologies’ ISBU has a 10-year history of providing endpoint security solutions, including anti-malware and anti-virus, to consumers and businesses, and counting more than 60,000 businesses customers worldwide. IDC recently ranked the ISBU as among the top ten providers of corporate endpoint security solutions.
Updata Partners is a technology-focused growth equity firm with recent security industry investments by the company and its partners including M86 Security, Alert Logic, 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.”
Financial terms of the agreement, which is expected to close in June, were not disclosed.
In related news, earlier this week,Tripwire, Inc., a provider of IT Security and compliance solutions, announced it has agreed to be acquired by private equity firm Thoma Bravo. With the level of investment activity, the information security space is clearly a hot spot for investors, as businesses and consumers rush to protect themselves from ever-increasing online threats.
