Updata plans to form a new firm, provisionally called Total Defense, Inc, once the deal closes in June.
Around 60,000 businesses worldwide rely on antivirus technologies from CA’s Internet Security Business Unit, the division of the firm that is being sold.
CA will retain its enterprise-focused identity and access management software business, a line of products that fits more closely with its core systems management market. Financial terms of the deal, announced late last week, were not disclosed.
The move following disappointing financial results from the system management firm, which has been a premier league player in the anti-malware market for 10 years without ever managing to knock any of the big four off their perch.
Source: The Register – Security