Brace yourselves, Backup Exec and InfoScale users, Cloud Software Group just acquired your tools

The Cloud Software Group has acquired data management tools vendor Arctera, the owner of Backup Exec and other data management tools.

Cloud Software Group (CSG) formed after the 2022 merger of Citrix and Tibco. The company’s CEO is Tom Krause, a former CFO of Broadcom where he helped to devise the strategy that saw the company create an enterprise software business by acquiring Computer Associates, Symantec, and VMware. Krause took a break from CSG earlier this year to work with Elon Musk’s Department of Government Efficiency and serve as Fiscal Assistant Secretary of the US Treasury.

Past acquisitions involving Krause typically see substantial layoffs, a slowdown in product development, major changes to software licenses that increase prices, a focus on large enterprise users, a lot less love for small and medium businesses, less responsive support, and reducing the number of authorized channel partners.

In a press release, Krause ...