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Arcserve CEO resigns

Mike Crest is leaving the data protection and availability company to pursue other opportunities

Crest says he is leaving Arcserve to pursue another growth opportunity.
Crest says he is leaving Arcserve to pursue another growth opportunity.

Arcserve, LLC, a provider of data protection and availability solutions has revealed Mike Crest has resigned as CEO, effective September 8, 2017.

Crest said he is leaving the company to pursue "another growth opportunity," the company has revealed.

The resignation of Crest, who has been CEO since Arcserve was spun out of CA Technologies in 2014, is effective on September 8, after which the company's chairman Dave Hansen will take over as interim CEO.

This transition comes shortly after the company announced its accelerated growth and rapid progress toward delivering the industry's first cost-effective disaster avoidance solution.

Arcserve is already looking for a permanent replacement for Crest, the company said in a statement.

Neither Crest nor any other Arcserve spokespeople were available to provide more details on a company press release.

In a prepared statement, Hansen said: "Mike was a tremendous asset in laying the foundation for our robust future, and we understand his decision to pursue another growth opportunity."

Crest, in a statement, said it was an "enormous privilege" to lead Arcserve as it grew from a start-up into a major data protection vendor. "The company is founded on the principles of empowering businesses through the best backup and availability technology, and it will undoubtedly enjoy continued success," he said.

Before joining Arcserve, Crest spent nearly four years as the senior vice president and general manager for CA Technologies data management business. In total, Crest spent 14 years in executive positions at CA. Hansen, in addition to his role as Arcserve chairman, is also an operating executive at Marlin Equity Partners. Arcserve's spin-out from CA resulted when Marlin bought Arcserve for an undisclosed sum.