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CA unloading data protection software unit

  • CA is selling its arcserve storage backup/restore software unit to P-E firm Marlin Equity Partners for an undisclosed sum.
  • The business has faced competition from EMC and Symantec, as well as share-gaining upstarts such as CommVault and Veeam. CA says the deal is part of its efforts to divest "non-core assets."
  • In an 8-K, CA says it now expects FY15 (ends March '15) EPS of $2.42-$2.49, down from a prior $2.45-$2.52 (consensus is at $2.50). But constant currency EPS guidance is unchanged.
  • More details on the sale will be given during CA's July 23 FQ1 report.
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