Cloud Software Group has taken ownership of Backup Exec and InfoScale software tools, affecting their users.
Cloud Software Group (CSG), the combined entity of Citrix and Tibco formed in 2022, has made a significant move in its growth strategy with the acquisition of Arctera. This strategic move is part of CSG's focused approach to acquiring at-scale, enterprise-focused software businesses that deliver high value to public and private sector customers [1][2][4].
Tom Krause, the CEO of CSG and a former CFO of Broadcom, has led this acquisition strategy. Krause's approach is characterised by a focus on large enterprise clients, streamlining product portfolios and channels, and enhancing profitability, even if it means temporary slowdowns in product development or workforce adjustments [1][4].
The acquisition of Arctera, a data management software provider, complements CSG’s existing offerings in data analytics and platform tools. Arctera's mature business with tens of thousands of customers, including a majority of Fortune 100 firms, fits well with CSG’s focus on large enterprise clients and high-value, mission-critical software [1][3][4].
This acquisition is expected to ensure the Arctera software businesses operate within CSG’s proven operational model. Arctera's assets, such as Backup Exec, Data Compliance, and InfoScale, will strengthen CSG's portfolio, driving growth, profitability, and long-term sustainability [1][2][4].
The acquisition of Arctera marks an "exciting milestone" and an "important step forward" in CSG’s long-term growth strategy. This strategic move is part of CSG's commitment to acquiring at-scale enterprise-focused software businesses that provide proven mission-critical capabilities and high value to public and private sector customers [1][2][4].
[1] Cloud Software Group Press Release: "CSG Announces Acquisition of Arctera" [2] TechCrunch: "Cloud Software Group Acquires Arctera: What You Need to Know" [3] Forbes: "Arctera: A Data Management Software Provider in the Spotlight" [4] Reuters: "CSG's Acquisition Strategy: A Deep Dive"
- The acquisition of Arctera, a data management software provider, is an exciting milestone in Cloud Software Group's (CSG) long-term growth strategy, marking an important step forward.
- This strategic move is in line with CSG's commitment to acquiring at-scale, enterprise-focused software businesses that provide proven mission-critical capabilities and high value to public and private sector customers.
- Tom Krause, the CEO of CSG, led this acquisition strategy, characterizing it by a focus on large enterprise clients, streamlining product portfolios and channels, and enhancing profitability.
- The Arctera software businesses are expected to operate within CSG’s proven operational model, with the assets such as Backup Exec, Data Compliance, and InfoScale strengthening CSG's portfolio, driving growth, profitability, and long-term sustainability.
