Cloud Software Group will acquire Arctera, a data management and protection software provider formed in 2024 from the merger of Veritas' Enterprise Data Protection division and Cohesity. Financial details are undisclosed, with completion anticipated in the fourth quarter of 2025, pending regulatory approval. Arctera operates independently within Cloud Software Group and generates over $400 million in annual revenue. The acquisition aligns with Cloud Software Group's strategy to integrate mission-critical software businesses, enhancing its portfolio and joint service offerings while supporting Arctera's existing product focus on data management.
Arctera offers data protection and compliance software, including InfoScale, Insight, and Backup Exec, and has an annual revenue of over $400 million.
CEO Tom Krause states that the acquisition fits Cloud Software Group's strategy of growing through acquisitions of mission-critical software companies for enterprises and governments.
Lawrence Wong, CEO of Arctera, emphasizes that joining Cloud Software Group will enhance their ability to support customers in managing complex data issues.
Arctera will operate as an independent business unit within Cloud Software Group, enhancing their joint service offerings to customers.
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