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CRN’s annual list recognizes forward-thinking technology leaders who are dedicated to the channel and taking bold actions in an ever-evolving landscape

EDEN PRAIRIE, Minn. – August 11, 2022 — / BackupReview.info / — Arcserve, the world’s most experienced provider of backup, recovery and immutable storage solutions for unified data resilience against ransomware and disasters, today announced that CRN®, a brand of The Channel Company, has recognized Brannon Lacey, CEO, on its 2022 Top 100 Executives list in the Innovators category.

CRN acknowledges forward-thinking and innovative technology leaders like Lacey on its annual list to recognize their commitment and dedication to the channel through solution-provider-focused strategies and a willingness to help organizations better protect themselves and their customers in an ever-increasing threat landscape. The publication named Lacey one of the Top 25 IT Innovators of 2022. The ability to drive innovation for technology products, solutions, and services is the hallmark of CRN’s Top 25 IT Innovators of 2022 list.

CRN’s Top 100 Executives list highlights the executives shaking up the status quo, supporting channel partners, and placing big bets on where the market is headed. CRN commends these visionaries across four subcategories: the 25 Most Influential Executives, Top 25 Channel Sales Leaders, Top 25 IT Innovators, and Top 25 Disruptors. Each subcategory has its own set of strengths that positively impact the IT channel.

With Lacey at the helm, Arcserve is poised to rapidly expand and cement its position as a global top five data protection vendor. Arcserve brings much-needed data and business certainty to organizations of all sizes worldwide through the broadest set of best-in-class business continuity solutions available on the market.

Lacey joined Arcserve in October 2021 following Arcserve’s merger with StorageCraft in March of the same year. As a 20-year technology industry veteran, Arcserve benefits from his extensive experience and success in building high-performance global software, cloud, cybersecurity, and infrastructure organizations.

Before joining Arcserve, Lacey was president of PeopleScout, the world’s largest Recruitment Process Outsourcing firm, where he oversaw the organization’s rapid digital transformation and global expansion. Previous roles include global SVP & general manager of Application Services with Rackspace, one of the world’s largest managed service providers; principal at Samsung Ventures, where he was responsible for venture capital investments in the mobility space; and president of Benefits Solutions, a $2 billion business segment of human capital provider Alight.

Said Lacey: “It’s an honor to be named a Top 25 Innovator on CRN’s list of Top 100 Executives and a privilege to be working alongside Arcserve’s exceptionally talented leadership team. With its world-class employees, technologies, partners, and investors, Arcserve is destined to do great things. I’m excited and proud to lead this organization as we invest in and focus on aggressive and sustainable global market growth.”

Blaine Raddon, CEO of The Channel Company: “Winning leaders embrace innovation while going all-in with partners in their commitment to accelerating business growth and digital transformation for their customers. Their exceptional vision, know-how, and execution contributed significantly to the strength of their companies, partners, customers, and the IT channel. Congratulations to all included on the CRN 2022 Top 100 Executives list for successfully bringing channel-focused innovation to the market, enabling new growth opportunities, and producing one channel success story after another.”

The Top 100 Executives list will be featured in the August 2022 issue of CRN Magazine and online at www.CRN.com/Top100

About Arcserve
Arcserve, a top 5 data protection vendor and unified data resilience platform provider, offers the broadest set of best-in-class solutions to manage, protect, and recover all data workloads, from SMB to enterprise, regardless of location or complexity. Arcserve solutions eliminate complexity while bringing best-in-class, cost-effective, agile, and massively scalable data protection and certainty across all data environments. This includes on-prem, off-prem (including DRaaS, BaaS, and Cloud-to-Cloud), hyper-converged, and edge infrastructures. The company’s nearly three decades of award-winning IP, plus a continuous focus on innovation, means that partners and customers, including MSPs, VARs, LARs, and end-users, are assured of the fastest route to next-generation data workloads and infrastructures. A 100% channel-centric organization, Arcserve has a presence in over 150 countries, with 19,000 channel partners helping to protect 235,000 customers’ critical data assets. Explore more at arcserve.com and follow @Arcserve on Twitter.

Contact:
Jock Breitwieser
Arcserve
+1 408.800.5625
jock.breitwieser@arcserve.com

Source: Arcserve

 

 

Joint integration redacts confidential data from files exfiltrated by high-risk and departing employees

Minneapolis, MN — August 10, 2022 — / BackupReview.info / — Code42 Software, Inc., the Insider Risk Management (IRM) leader, today announced that it is working with Nullafi, a leader in real-time sensitive data detection and protection, to restrict access to regulated data – financial, healthcare, Personally Identifiable Information (PII) – or other sensitive data that may be accidentally or maliciously exposed by insiders. By limiting the PII, regulated and sensitive data that teams and employees are able to see, organizations that are required to comply with regulatory requirements are now better protected from data theft, leakage, inadvertent access and improper downloading by departing employees and other high-risk users.

The integration between the Code42 Incydr™ product and Nullafi ShieldTM detects, intercepts and redacts certain data across corporate applications and systems, like customer relationship management (CRM), human capital management and business intelligence (BI) tools. Using natural language policies rather than traditional methods of classification, security teams can apply the granular data access controls needed to ensure high-risk segments of insiders see only the data necessary to perform their jobs.

“Today, nearly three-quarters of organizations don’t know what data departing employees take to other companies when they leave. Because all data is important, it’s critical that IRM solutions ensure IP as well as regulated data, like PII and other sensitive business data, is not misused, leaked or stolen by employees and insiders,” said Ananth Appathurai, senior vice president of strategic partnerships and ecosystem for Code42. “One way to protect regulated data is by controlling who has access to certain information across your systems–and when. This integration allows security teams to stop exfiltration and meet the compliance needs of organizations from regulated industries.”

Specifically, the new integration between Incydr and Nullafi Shield:

  • Proactively obfuscates regulated data from users assigned to an Incydr watchlist by changing an employee’s data access policy in Nullafi Shield.
  • Mitigates risk by redacting predefined data types and fields before they are displayed on a user’s device.
  • Prevents exfiltration and protects regulated data across applications, such as CRM, BI and marketing automation systems.

Code42 Incydr is an Insider Risk Management solution that allows security teams to detect and respond to data exposure and exfiltration from corporate computers, cloud, and email systems in order to stop data leakage and theft without slowing users down. Nullafi Shield is an agentless, Zero Trust data security solution that works at the network layer to detect and redact data across applications, providing security teams with the granular data access controls needed to ensure users see only the data they need to see across all apps they use.

“The combined value proposition of Code42 and Nullafi is extremely compelling for our joint customers using the solution to automatically contain insider risks and threats,” said Robert Yoskowitz, co-founder and CEO of Nullafi. “We couldn’t be prouder to partner with a company like Code42 that is tackling real insider risk issues at a time when the need to protect critical data, intellectual property and digital assets is at an all-time high.”

Availability
This is a free integration and is currently available for joint Code42 and Nullafi customers. Learn more about the integration on the Code42 site.

Organizations attending Black Hat 2022 can see the integration in action during live Incydr demos at the Code42 booth #2834.

About Nullafi
Nullafi is a fast-growing provider of data security software that helps customers quickly, easily, and comprehensively detect and redact sensitive data, automate policy enforcement, and eliminate risks, such as data leakage, inadvertent access, and improper downloading – all while allowing business to continue without interruption. With Nullafi, users see only the data they need to see, giving organizations unprecedented control. The company serves primarily mid-market companies, technology resellers, and application developers in North America. With rave reviews from analysts, multiple patents granted, and key partnerships already established, Nullafi is well-positioned to transform data security as we know it. For more information, visit www.nullafi.com

About Code42
Code42 is the leader in Insider Risk Management (IRM), offering end-to-end data loss detection and response solutions. The Code42® Incydr™ product is native to the cloud and rapidly detects data exposure, loss, leak and theft as well as speeds incident response – all without lengthy deployments, complex policy management or blocking employee productivity. Accelerating the effectiveness of Insider Risk programs are the Code42® Instructor™ microlearning solution, and Code42’s full suite of advisory services.

With Code42, security professionals can protect corporate data and reduce insider risk while fostering an open and collaborative culture for employees. Designed to meet regulatory control requirements, Code42’s IRM solution is FEDRAMP authorized and can be configured for GDPR, HIPAA, PCI and other compliance frameworks. Innovative organizations, including the fastest-growing security companies, rely on Code42 to safeguard their ideas. Founded in 2001, the company is headquartered in Minneapolis, Minnesota, and backed by Accel Partners, JMI Equity, NewView and Split Rock Partners. Code42 has played a defining role in developing a vision and requirements for the IRM category – now recognized by Gartner, IDC and Forrester – and is a founding member of the annual Insider Risk Summit and Insider Risk Community.

The company has several offices across the United States as well as an international office in London. Code42’s clients include large multinational organizations, such as Crowdstrike, Exabeam, BAYADA Home Health Care, Juniper Networks, Lending Club, MacDonald-Miller, MACOM, North Highland, Ping Identity, Shape Technologies, Snowflake, University of Georgia, User Testing, UTEX and Xactly.

Company Contact:
Kristin McKenzie
Public Relations Principal, Code42
kristin.mckenzie@code42.com
844-333-4242

Source: Code42

 

 

Ensuring Enterprise-class Protection and Recovery of VMs, Amazon EC2, and Amazon EKS Workloads

BOSTON, MA – Aug. 10, 2022 — / BackupReview.info / — Zerto, a Hewlett Packard Enterprise company, today announced it joined the Amazon Web Services (AWS) ISV Workload Migration Partner Program, allowing it to drive and deliver AWS workload migrations and accelerate the adoption of its cloud data management and protection solutions.

Zerto customers will benefit from enhanced technical enablement which accelerates migrations with a repeatable and scalable methodology, automations, and tools that leverage AWS best practices. The program also provides access to AWS promotional credits to offset migration costs, including labor, training, and running parallel environments. In addition, Zerto will receive go-to-market support.

Whether migrating or protecting virtual machines (VMs) or containers on-premises, to the cloud, or within the cloud, the Zerto solution utilizes the flexible capacity of AWS while minimizing downtime and helping protect against data loss. This allows users to achieve their recovery point and recovery time objectives with ease.

Zerto’s software-only solution ensures enterprise-class protection and recovery of VMs, Amazon Elastic Compute Cloud (Amazon EC2), and Amazon Elastic Kubernetes Service (Amazon EKS) workloads. This includes easily scalable, cloud-based appliances that manage replication for application-centric protection and recovery or workload migration and continuous data protection with journal-based replication for on-premises to cloud or cloud to cloud.

“Zerto is proud to work with AWS to help customers protect all of their data,” commented Christina Rauscher, global public cloud alliances director at Zerto. “By working together, we can help customers better leverage AWS with added migration, disaster recovery, ransomware recovery, backup, and long-term retention capabilities.”

About Zerto
Zerto, a Hewlett Packard Enterprise company, empowers customers to run an always-on business by simplifying the protection, recovery, and mobility of on-premises and cloud applications. Zerto’s cloud data management and protection platform eliminates the risks and complexity of modernization and cloud adoption across private, public, and hybrid deployments. The simple, software-only platform uses continuous data protection at scale to converge disaster recovery, backup, and data mobility. Zerto is trusted by over 9,500 customers globally and is powering offerings for Microsoft Azure, IBM Cloud, Google Cloud, Oracle Cloud, and more than 350 managed service providers.

Contact:
Derrick Shannon
Touchdown PR
Zerto@touchdownpr.com
772.475.1027

Source: Zerto, Inc.

 

 

Cohesity Ranked in Top Third and Continues to Climb as it Doubles Down on Data Management as a Service, Data Security in a Multicloud World, and Partnerships

SAN JOSE, Calif. – August 10, 2022 — / BackupReview.info / — For the fourth year in a row, Cohesity, a leader in next-gen data management, today announced that it has been named to the Forbes 2022 Cloud 100, the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures.

Over the last year, Cohesity has brought to market new innovative Data Management as a Service (DMaaS) offerings that give enterprise and mid-size customers another radically simple way to manage, secure, protect, and recover their data, while also enjoying exceptional choice and flexibility. These SaaS offerings are managed by Cohesity and hosted on Amazon Web Services (AWS). Cohesity also continued to expand the regions where DMaaS offerings are available globally.

Key announcements included:

  • Cohesity Delivers FortKnox – Combating Ransomware with a SaaS Data Isolation and Recovery Solution
  • Cohesity Goes Beyond Zero Trust With New SaaS Solutions Designed to Address Increasingly Sophisticated Ransomware Attacks
  • Cohesity Announces Disaster Recovery as a Service, Providing Automated Disaster Recovery that Minimizes Application Downtime and Data Loss
  • Cohesity Extends Data Management as a Service to the Middle East
  • Cohesity Brings Data Management as a Service to Singapore and Southeast Asia

Cohesity and Rackspace also announced a strategic partnership to deliver multicloud managed backup and recovery solutions for Rackspace Technology customers globally.

Cohesity continues to be recognized as an innovator, disruptor, and market leader in next-gen data management for the multicloud era. In addition to the Forbes ranking, Cohesity was recently recognized:

  • For the third year in a row, as a Leader in the 2022 Gartner® Magic Quadrant™ for Enterprise Backup and Recovery Software Solutions
  • Among CRN’s 100 Coolest Cloud Companies for the third year in a row
  • As a Leader and an Outperformer in two GigaOm Radar reports: the GigaOm Radar for Hybrid Cloud Data Protection: Large Enterprises, and the GigaOm Radar for Hybrid Cloud Data Protection: Small and Medium-Sized Enterprises. This is the third time Cohesity was named a Leader in the Large Enterprises report.
  • For the second year in a row, as Customers’ Choice in 2022 Gartner® Peer Insights™ ‘Voice of the Customer’: Distributed File Systems and Object Storage

“Cohesity sits at the intersection of three of the highest priority business issues today — cloud, data security, and data management — and we are trusted by 4 of the top 10 Fortune 500, 5 of the top 10 U.S. banks, and 2 of the top 5 global pharma organizations,” says Sanjay Poonen, CEO and president, Cohesity.

“Our placement in the 2022 Forbes Cloud 100, for the fourth year in a row, underscores how we are empowering many of the world’s largest enterprises to leverage our technology to advance data security while dramatically simplifying data management in a hybrid and multicloud world. On behalf of the entire team at Cohesity, I’d like to thank Forbes, Bessemer, and Salesforce Ventures for the Forbes 2022 Cloud 100 recognition,” added Poonen.

For the seventh straight year, the Cloud 100 reviews submissions from hundreds of cloud startups and private companies each year. The Cloud 100 evaluation process involved ranking companies across four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people & culture (15%). For market leadership, the Cloud 100 enlists the help of a judging panel of public cloud company CEOs who assist in evaluating and ranking their private company peers.

“The companies of the Cloud 100 list represent the best and brightest private companies in this fast-growing sector,” said Alex Konrad, senior editor at Forbes. “Every year, it gets more difficult to make this list — meaning even more elite company for those who do. Congratulations to each of the 2022 Cloud 100 honorees.”

“The public markets may be in turmoil, but the private valuations of the Cloud 100 continue to rise. All of the 2022 Cloud 100 honorees, again, have reached the $1 billion valuation milestone, and the average Cloud 100 valuation has skyrocketed to $7.4 billion,” said Mary D’Onofrio, partner at Bessemer Venture Partners. “Despite the market correction in 2022, our confidence in the cloud economy continues to grow—today over 70% of the 2022 Cloud 100 Honorees have reached or exceeded $100 million in annual recurring revenue making them cloud Centaurs. An additional 10% of the list is expected to hit this milestone by the end of the year, furthering our conviction that this years’ honorees truly represent the best cloud companies globally.”

“Great companies are born out of all environments, and it’s exciting to see the continued momentum in the cloud sector,” said Alex Kayyal, Managing Partner, Salesforce Ventures. ”The companies on this list have gone through a rigorous selection process, and join an esteemed alumni list of Cloud 100 companies. As the need for digital transformation continues to drive innovation and efficiencies across industries, we can look to these companies as the absolute best in cloud computing.“

The Forbes 2022 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100. Highlights of the list appear in the August/September 2022 issue of Forbes magazine.

This year, the CEOs of The Cloud 100 and the 20 Rising Stars companies will be honored with a digital content launch, as well as at the exclusive Cloud 100 Celebration hosted by Bessemer Venture Partners, Salesforce Ventures, and Forbes. A special thank you to our event sponsors Amazon Web Services (AWS), Bank of America, Cooley, Fuel a McKinsey Company, Goldman Sachs, J.P. Morgan, Morgan Stanley, Nasdaq, and Silicon Valley Bank.

About Bessemer Venture Partners
Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 135 IPOs and 200 portfolio companies in the enterprise, consumer and healthcare spaces, Bessemer supports founders and CEOs from their early days through every stage of growth. Bessemer’s global portfolio includes Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr and Toast and has $19 billion of regulatory assets under management. Bessemer has teams of investors and partners located in Tel Aviv, Silicon Valley, San Francisco, New York, London, Boston, Beijing and Bangalore. Born from innovations in steel more than a century ago, Bessemer’s storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions (see Memos) and also learn from its mistakes (see Anti-Portfolio).

About Forbes
Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 150 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 47 licensed local editions in 80 countries. Forbes Media’s brand extensions include real estate, education and financial services license agreements.

Salesforce Ventures
Salesforce Ventures helps enterprising founders build companies that reinvent the way the world works. Since 2009, we’ve invested in and partnered with more than 400 of the world’s most tenacious enterprise software companies from seed to IPO, including Airtable, Databricks, DocuSign, Guild Education, Hopin, monday.com, nCino, Snowflake, Snyk, Stripe, Tanium, and Zoom. Salesforce Ventures leverages our decades of expertise in the cloud and our long-term relationships with key decision-makers at thousands of businesses around the world to give our portfolio companies an unfair advantage, help them build credibility, and accelerate growth. Salesforce Ventures has invested in more than 25 countries with offices all over the world including in San Francisco, Irvine, New York, London, Tokyo, and Sydney. Follow @SalesforceVC and learn more at http://www.salesforceventures.com.

About Cohesity
Cohesity radically simplifies data management. We make it easy to protect, manage, and derive value from data — across the data center, edge and cloud. We offer a full suite of services consolidated on one multicloud data platform: backup and recovery, disaster recovery, file and object services, dev/test, and data compliance, security, and analytics — reducing complexity and eliminating mass data fragmentation. Cohesity can be delivered as a service, self-managed, or provided by a Cohesity-powered partner.

© 2022 Cohesity, Inc. All rights reserved. Cohesity, the Cohesity logo, Helios, and other Cohesity marks are trademarks or registered trademarks of Cohesity, Inc. in the US and/or internationally. Other company and product names may be trademarks of the respective companies with which they are associated.

Media Contacts
Cohesity
Ross Camp
Vice President, Corporate Communications
rcamp@cohesity.com
415-846-4960

Highwire Public Relations for Cohesity
Kelly Promes
cohesity@highwirepr.com

Source: Cohesity, Inc.

 

 

Three N-ablites honored for their continued contributions to the success of N-able and its channel partners worldwide, plus two new women leaders appointed to accelerate efforts to “earn more fans”

Burlington, MA – August 10, 2022 — / BackupReview.info / — N-able, Inc. (NYSE: NABL), a global software company helping IT services providers deliver remote monitoring and management, data protection as-a-service, and security solutions, today announced Head Nerd Stefanie Hammond and Head Nerds Program Manager and Coordinator Sarah Rice are among the women leaders celebrated in CRN®’s annual Women of the Channel (WOTC) list.

Additionally, CRN honored N-able’s Senior Program Manager Laura Benning as one of the year’s top 100 Rising Female Stars. The third annual list celebrates the IT channel’s up-and-coming, dedicated, driven women who are leaving their mark and making a difference for solution providers everywhere.

Keeping focus on its women leaders, N-able is pleased to announce two executive hires:

  • Laura DuBoisGlobal Vice President of Product Management. Joining N-able from Dell Technologies, Laura has decades of experience in the IT software and services industry including leadership positions in Product Management, Consulting, and Engineering. In this new role, Laura is applying her skills and leadership to better align N-able’s business and customer needs with product execution and delivery.
  • Casandra Brice, Vice President of Partner Success. With more than 15 years of executive experience in several fields including customer success, account management, and professional services, Casandra joins N-able to help lead the journey toward earning more fans as a partner-centric organization.

“Our people are our biggest differentiator at N-able, so it is extremely rewarding to see Stefanie, Sarah, and Laura spotlighted for their contributions and to announce the leadership appointments of Casandra and Laura,” says Kathleen Pai, Chief People Officer, N-able and one of the top HR professionals working today. “Creating an inclusive environment that supports a sense of belonging for all is an important and growing part of N-able. It’s one of the many reasons we believe we continue to attract and retain great talent and deliver an unrivaled employee and partner experience. Congratulations to Stefanie, Sarah and Laura, and welcome Casandra and Laura!”

The Channel Company’s 2022 powerhouse lists—WOTC and Rising Female Stars—are hand-selected by the CRN editorial team. This year’s CRN WOTC honorees come from all corners of the IT channel, celebrating those leaders whose vision, expertise, and contributions make an impact on the industry every day. The Rising Female Stars honorees were selected in large part on the recommendations from Channel Chiefs and other channel management executives across the industry for demonstrating an aptitude to growing their respective channel partner programs and initiatives through a variety of disciplines, including marketing, channel program management, and partner engagement.

Channel Leaders Focused on Empowering MSPs and Earning More Fans
With decades of MSP sales and marketing experience, Hammond’s role within the Head Nerds centers on helping MSPs accelerate their business growth through proactive, meaningful, and sustainable sales and marketing efforts. Year to date, Hammond engaged with hundreds of MSPs on topic, served as a subject matter expert for speaking engagements, and architected several frameworks to help MSPs refine their practices.

In her role as the Head Nerds Program Manager, Rice has worked across the organization to expand and elevate N-able’s Head Nerds Program. Over the last several months she has welcomed new Head Nerds, introduced and promoted new resources, and continues to ensure the team of experts is properly resourced and remains easily accessible to N-able MSPs and prospects worldwide via online engagement, dedicated office hours, and live and virtual events.

Energized by her new title of Rising Female Star, Benning’s focus is on enhancing the program management framework she built to help N-able and its partners to migrate large organizations over successfully and securely to the N-able product suite. Her efforts are proven to help N-able’s MSPs and their customers realize greater time to value, which leads to more productivity and profit potential by establishing processes which maximize time management and work to ensure a more stable and secure transition.

CRN’s 2022 Women of the Channel list is featured in the June issue of CRN Magazine and online at www.CRN.com/WOTC. The CRN Female Rising Stars list is featured online at www.CRN.com/risingstars and in a special July issue of CRN Magazine.

About N-able
N-able fuels IT services providers with powerful software solutions to monitor, manage, and secure their customers’ systems, data, and networks. Built on a scalable platform, we offer secure infrastructure and tools to simplify complex ecosystems, as well as resources to navigate evolving IT needs. We help partners excel at every stage of growth, protect their customers, and expand their offerings with an ever-increasing, flexible portfolio of integrations from leading technology providers. n-able.com

About The Channel Company
The Channel Company enables breakthrough IT channel performance with our dominant media, engaging events, expert consulting and education, and innovative marketing services and platforms. As the channel catalyst, we connect and empower technology suppliers, solution providers, and end-users. Backed by more than 30 years of unequaled channel experience, we draw from our deep knowledge to envision innovative new solutions for ever-evolving challenges in the technology marketplace. www.thechannelcompany.com

© 2022 N-able Solutions ULC and N-able Technologies Ltd. All rights reserved.

The N-able trademarks, service marks, and logos are the exclusive property of N-able Solutions ULC and N-able Technologies Ltd. All other trademarks are the property of their respective owners.

Media
Kim Cecchini
Phone: 919.957.5019
pr@n-able.com

Source: N-able, Inc.

 

 

The Ocean Observatories Initiative, a research facility in the USA, improves backup performance and recovers full VMs and individual files with NAKIVO Backup & Replication

Sparks, NV – August 10, 2022 — / BackupReview.info / — NAKIVO Inc., a fast-growing software company for protecting physical, virtual, and cloud environments, has announced today that the Ocean Observatories Initiative has selected NAKIVO Backup & Replication to protect their environment.

The Ocean Observatories Initiative (OOI) is a research facility composed of science-driven ocean observation platforms and sensors in the Atlantic and Pacific oceans. The instrumented arrays gather physical, chemical, geological, and biological data from the air-sea interface to the seafloor, providing a wealth of information for research and education. The data collected is transmitted through a cyberinfrastructure, making it possible for anyone with an internet connection to download ocean data in real time.

OOI’s infrastructure consists of a multi-petabyte Dell VxRail cluster for production, a second multi-petabyte Dell VxRail cluster for development, a multi-petabyte Dell Isilon for raw data storage, a Dell EMC ML3 tape library, and an Apache Cassandra database cluster. The production virtual machines are responsible for receiving and processing data 24/7 from 800 instruments distributed throughout the ocean through various communication channels. A separate set of virtual machines provides the web interface that allows the public access to view and download data sets. Additionally, OOI has multiple copies of the environment for user acceptance testing and development. The ability to swiftly recover production virtual machines in a disaster situation is absolutely critical to ensure that data remains available.

OOI relies on a tape backup system for protecting their environment. OOI decided to look for an auxiliary VM backup solution to avoid potential bottlenecks when restoring a virtual machine from tape if the tape backup system is occupied with a backup of a multi-PB raw data set. For OOI, the raw data backups should to complete successfully to be archived offsite at regular intervals. With the tape backup system, recovering a single VM swiftly was also difficult without impacting the existing backup schedule. The main criteria for a VM backup solution for OOI was integration with VMWare and the NFS protocol, as well as cloud storage as a backup target.

OOI required an additional solution to build on their tape backup strategy. The main objectives of a new solution were quick backup, instant restore of virtual machines and backup archiving in the cloud for long term storage.

NAKIVO Backup & Replication offered OOI reliable VM backup, fast VM recovery, and ease of management and use. “The deployment of NAKIVO’s Director was extremely easy and I was able to deploy it in our environment in minutes,” says Casey Dinsmoe, DevOps Engineer at the OOI. “The user interface was self-explanatory and I was able to start testing jobs shortly thereafter. Overall, we are happy with the performance and small footprint of NAKIVO Backup & Replication and the product’s ability to back up and recover VMs. Ease of configuration and use, the ability to scale out, as well as the ability to increase parallel backup jobs performance is a big advantage for us.”

“Technical support provided free interactive sessions with technical leads, who provided guidance on the features and configuration of the software. With the assistance of NAKIVO’s technical support team, we were able to quickly scale the product out, in order to deploy a highly resilient and performing VM backup solution,” says Casey. “The deployment of NAKIVO Backup & Replication was simple and technical support provided excellent recommendations on how to leverage the software to take advantage of the high speed storage and networking in our environment. NAKIVO Backup & Replication is a backup solution that provides us with high performance, full VM recovery, and file restore, which can be done in a short time, without interrupting the tape backup system,” says Casey.

“The ability to swiftly back up many multi-TB virtual machines by leveraging VMWare CBT, coupled with the ability to quickly restore a full virtual machine and individual files, has vastly reduced the time needed for us to recover from a virtual machine failure or corruption,” says Casey. “In addition, the ability of NAKIVO Backup & Replication to automatically verify backups provides peace of mind that the backup was not only executed but also executed correctly without corruption, which vastly improves the chances that the backup can be used for recovery in the future.”

“NAKIVO Backup & Replication has helped us save time on backup administration by being extremely straightforward to deploy and operate,” says Casey. “The free consulting sessions with highly trained technicians provided assistance with configuring NAKIVO Backup & Replication, to make the best use of our high speed network and storage, without adding unnecessary load on our production systems. These sessions significantly reduced the time for deployment and provided accelerated training for our IT staff.”

Resources:

  • Trial Download: https://www.nakivo.com/resources/download/trial-download/
  • Datasheet: https://www.nakivo.com/res/files/nakivo-backup-replication-datasheet.pdf
  • Success Stories: https://www.nakivo.com/customers/success-stories/

About NAKIVO
NAKIVO is a US-based corporation dedicated to delivering the ultimate backup and disaster recovery solution. NAKIVO Backup & Replication protects VMware, Hyper-V, Nutanix AHV, and Amazon EC2 environments, physical servers, workstations, Oracle databases, and Microsoft Office 365 application data. With 20 consecutive quarters of double-digit growth, 5-star online community reviews, 98% customer satisfaction with support, and more than 20,000 paid customers worldwide, NAKIVO is one of the fastest-growing data protection software vendors in the industry. NAKIVO’s customers include great multinational companies such as Coca-Cola, Honda, DHL, and many others. NAKIVO has a global presence, with over 5,400 channel partners in 150 countries.

Visit at: www.nakivo.com
Follow on Twitter: @NAKIVO
Connect on Facebook: www.facebook.com/NakivoInc
Join on LinkedIn: www.linkedin.com/company/nakivo

PR Contact:
Sasha Tolkachova, PR Manager
sasha.tolkachova@nakivo.com
+1 416 845 3381

Source: Nakivo

 

 

As Tree Top — and its data output — continues to grow, the company turned to 11:11 Systems and iland to modernize and simplify its overall data retention strategy

FAIRFIELD, NJ – August 10, 2022 — / BackupReview.info / — 11:11 Systems (“11:11”), a managed infrastructure solutions provider, today announced a new case study with Tree Top.

Tree Top is a grower-owned cooperative committed to producing and innovating world-class fruit products, including top-quality juices, sauces, and premium ingredients. Founded over 60 years ago in the heart of Washington’s apple country, the co-op is now a global business with over 1,000 growers, engineers, and food scientists.

Prior to selecting iland, an 11:11 Systems Company, much of Tree Top’s primary infrastructure was still being backed up on premises via physical disk. In order to implement on-site and off-site storage, and disaster recovery more in line with industry best practices, the company embarked on a project to replace much of its existing legacy infrastructure. Tree Top decided to implement iland Secure Cloud DRaaS for Veeam, iland Secure Cloud Backup for Veeam Cloud Connect, and iland Secure Cloud Backup for Microsoft 365.

Read the iland and Tree Top case study herehttps://iland.com/wp-content/uploads/2022/08/1111systems-7126-tree-top-case-study-r1.pdf

ABOUT 11:11 SYSTEMS
11:11 Systems is a managed infrastructure solutions provider that holistically addresses the most pressing cloud, connectivity and security challenges of today while preparing businesses for tomorrow. The 11:11 model empowers customers and partners to “Rethink Connected,” providing fully-integrated, fully-automated services, activities and data powered on a unified platform that ensures their applications and data are always running, accessible and protected. 11:11 delivers increased performance and savings to organizations, while freeing up IT resources to focus on the core business.

Learn more at 1111Systems.com

Media Contact:
Candice Mayan
Director of Communications
news@1111systems.com

Source: 11:11 Systems, Inc.

 

 

Remote and Hybrid Work Demand for Google Workspace, Office 365 and Salesforce Applications Create New Challenges for Security Teams

PALO ALTO, CA – August 9, 2022 — / BackupReview.info / — Spin Technology, Inc., developer of the ultimate all-in-one SaaS data protection platform ‘SpinOne’ for mission-critical SaaS apps, today announced it has closed a $16 million Series A round of financing. Blueprint Equity led, with Santa Barbara Venture Partners and Blu Venture Investors also participating. Blueprint Equity’ Sheldon Lewis, Santa Barbara Venture Partners’ Dan Engel, and Blu Venture Investors’ Robert Struble will take seats on Spin’s Board. The new funding will be used to accelerate growth, expand Spin’s SaaS offerings, and grow the company’s marketing, sales, and engineering teams.

Cloud vulnerabilities and cybersecurity concerns have become top enterprise priorities as organizations re-engineer their application stacks to accommodate remote and hybrid work environments and migrate business-critical data and services to the cloud. Many businesses use multiple third-party cloud/SaaS apps to extend and enrich their SaaS environments. As a result, easy access to third-party apps has led to increased data leaks, shadow IT, and compliance risks.

“How we work is now largely defined by where we work, which increasingly means from anywhere rather than from behind an in-office firewall. That’s added a lot of pressure on enterprise security teams to ensure remote and hybrid teams enjoy the flexibility of SaaS applications but remain protected against an ever-broadening threat environment,” said Dmitry Dontov, CEO and Founder, Spin Technology. “SpinOne remedies the problem security teams have created for themselves by cobbling together disparate SaaS security applications. Now your mission-critical SaaS data of the most popular work environments – Google Workspace, Microsoft Office 365, and Salesforce – are entirely protected against threats or data loss.”

Spin Technology’s platform ‘SpinOne’ is an all-in-one SaaS data protection platform designed specifically for mission-critical SaaS apps. SpinOne is a combination of four innovative offerings, including:

  • Ransomware monitoring and response – Automated ransomware protection for SaaS environments that provides 2 hours incident response against ransomware attack on SaaS data, as a result, it reduces recovery costs by as much as 90 percent.
  • Apps risk assessment – Automated risk assessments of cloud SaaS apps and browser extensions reducing the manual efforts of SecOps teams and helping businesses increase their cybersecurity posture.
  • Data leak prevention (DLP) – Understand which data is shared in the cloud and with whom, and get full visibility over your business-critical data in the cloud.
  • Backup and recovery – Compliance friendly enterprise-grade backups to secure cloud environments with versioning and granular recovery capabilities.

“The future of work is now, but the security and backup apparatus needed to support distributed work through SaaS apps has lagged the needs of the market, giving bad actors a broad range of options for exploits,” said Sheldon Lewis, Managing Partner, Blueprint Equity.“Spin has stepped in and created a simple to use, enterprise-strength security and backup solution that delivers for users of the largest SaaS productivity apps, without the complexity of managing security protocols, the anxiety of defending against ransomware, or the costs of data storage.”

An all-in-one dashboard provides a simple single view of cutting-edge cybersecurity and data protection to cloud SaaS environments based on next-generation artificial intelligence (AI) and machine learning (ML). In addition, SpinOne provides industry-leading tools to address modern cybersecurity challenges in cloud SaaS environments.

“Spin Technology is one of those rare companies with the right solution for a rapidly growing market that’s falling-down simple for its customers to use, with a commanding and defensible technology that its competitors just can’t catch,” said Dan Engel, Managing Partner, Santa Barbara Venture Partners. “We’re excited to be a part of the team that came together for this round, and can’t wait to see what Dmitry and his team are going to do with this technology as they bring on even more Fortune list-level customers.”

“Spin aligns well with our cyber portfolio and we look forward to putting our knowledge of the space to work helping Dmitry build upon the tremendous growth Spin has enjoyed thus far,” said Robert Struble, Partner, Blu Venture Investors. “We look forward to being a part of this fast-growing company and helping it deliver the best technology for protecting the critical SaaS applications the world relies on for how we work now and into the future.”

To request a demo of SpinOne, or to get more information, please click here — https://spin.ai/

About Spin Technology
Spin Technology is a SaaS data protection company protecting enterprises against SaaS ransomware, human error, and insider threats.

SpinOne, the all-in-one SaaS data protection platform for your mission-critical SaaS Apps, extends security across multiple environments, including Google Workspace, Microsoft Office 365 and Salesforce. SpinOne is the ultimate SaaS data protection platform that delivers the most innovative last line of cyber defense, SaaS data management, and protection for more than 1,600 organizations worldwide. For more information, please visit: https://www.spin.ai/

Contact:
Jennifer Jewett
Escalate PR
jennifer@escalatepr.com

Source: Spin Technology

 

 

45% Revenue Growth in B2 Cloud Storage, 28% Revenue Growth Overall in Q2 2022

SAN MATEO, Calif., Aug. 09, 2022 — / BackupReview.info / — Backblaze, Inc. (Nasdaq: BLZE), a leading storage cloud platform, today announced results for its second quarter ended June 30, 2022.

“Our 28% revenue growth in Q2 not only outpaced what we achieved last year in the same period, it also highlights the strength of our recurring revenue model and that data grows through varying economic conditions,” said Gleb Budman, CEO. “In addition, in Q2, the amount of data added by B2 Cloud Storage customers was greater than for any other quarter in company history, we added a customer with our largest purchase order ever, and in July we hired an experienced Chief Marketing Officer, Kevin Gavin, to help continue driving our growth.”

Second Quarter 2022 Financial Highlights:

  • Revenue of $20.7 million, an increase of 28% year-over-year (YoY).
    • B2 Cloud Storage revenue was $7.7 million, an increase of 45% YoY.
    • Computer Backup revenue was $12.8 million, an increase of 20% YoY.
  • Gross profit of $11.1 million, or 54% of revenue, compared to $8.2 million and 51% of revenue, in Q2 2021.
  • Adjusted gross profit of $15.9 million, or 77% of revenue, compared to $12.2 million and 75% of revenue in Q2 2021.
  • Net loss of $(11.6) million compared to a net loss of $(2.4) million in Q2 2021.
  • Net loss per share of $(0.37) compared to a net loss per share of $(0.13) in Q2 2021.
  • Adjusted EBITDA of $(1.9) million, or (9)% of revenue, compared to $1.5 million and 9% of revenue in Q2 2021.
  • Non-GAAP net loss of $(7.2) million compared to non-GAAP net loss of $(3.5) million in Q2 2021.
  • Non-GAAP net loss per share of $(0.23) compared to a non-GAAP net loss per share of $(0.19) in Q2 2021.
  • Cash and investments totaled $88.1 million as of June 30, 2022.

Second Quarter 2022 Operational Highlights:

  • Annual recurring revenue (ARR) was $82.7 million, an increase of 28% YoY.
    • B2 Cloud Storage ARR was $31.3 million, an increase of 44% YoY.
    • Computer Backup ARR was $51.4 million, an increase of 20% YoY.
  • Net revenue retention (NRR) rate was 113% compared to 110% in Q2 2021.
    • B2 Cloud Storage NRR was 126% compared to 132% in Q2 2021.
    • Computer Backup NRR was 107% compared to 102% in Q2 2021.
  • Gross customer retention rate was 91% in Q2 2022 and Q2 2021.
    • B2 Cloud Storage gross customer retention rate was 90% compared to 89% in Q2 2021.
    • Computer Backup gross customer retention rate was 91% in Q2 2022 and Q2 2021.

Q2 and Recent Business Highlights:

  • B2 Cloud Storage data stored: Added highest amount in company history.
  • B2 Cloud Storage purchase order: Added customer with our largest purchase order ever.
  • Chief Marketing Officer: Hired experienced marketing executive, Kevin Gavin, for the newly created position.
  • Channel Partner program: Launched a suite of tools, resources, incentives, and benefits for partners.
  • New partnerships: Added new partners Carahsoft (Public Sector/Education/Health Care) and Veritas (tier Backup Exec service backups to B2 Cloud Storage).
  • B2 Cloud Replication: Achieved general availability in June for this new feature which supports multiple use cases, including geographic distribution to support disaster recovery objectives or serve compliance needs.

Financial Outlook:

Based on information available as of August 9, 2022,

For the third quarter of 2022 we expect:

  • Revenue between $21.4 million to $21.8 million.
  • Adjusted EBITDA margin between (18)% to (14)%.
  • Basic weighted average shares outstanding of 31.9 million to 32.9 million shares.

For full-year 2022 we expect:

  • Revenue between $83 million to $86 million.
  • Adjusted EBITDA margin between (17)% to (13)%.

Conference Call Information:

Backblaze will host a conference call today, August 9, 2022 at 1:30 p.m. PT (4:30 p.m. ET) to review its financial results.

Attend the webcast here: https://edge.media-server.com/mmc/p/zhf67wc9
Register to listen by phone here: https://dpregister.com/sreg/10169489/f3c57101ca

Phone registrants will receive dial-in information via email.

An archive of the webcast will be available shortly after its completion on the Investor Relations section of the Backblaze website at https://ir.backblaze.com.

About Backblaze

Backblaze makes it astonishingly easy to store, use, and protect data. The Backblaze Storage Cloud provides a foundation for businesses, developers, IT professionals, and individuals to build applications, host content, manage media, back up and archive data, and more. With over two billion gigabytes of data storage under management, the company currently works with more than 500,000 customers in over 175 countries. Founded in 2007, the company is based in San Mateo, CA. For more information, please go to www.backblaze.com.

Cautionary Note Regarding Forward-looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which involve risks and uncertainties. These forward-looking statements are frequently identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would,” or other similar terms or expressions that relate to our future performance, expectations, strategy, plans or intentions, and include statements in the section titled “Financial Outlook” and statements regarding the use and impact of our IPO proceeds.

Our actual results could differ materially from those stated in or implied by the forward-looking statements in this press release due to a number of factors, including but not limited to: market competition, including competitors that may have greater size, offerings, and resources; effectively managing growth; disruption in our service or loss of availability of customers’ data; cyberattacks; ability to attract and retain customers; continued growth consistent with historical levels; ability to successfully offer new features on a timely basis; material defects or errors in our software; supply chain disruption; achieve success with our existing and new partnerships; ability to remediate and prevent material weaknesses in our internal controls over financial reporting; the impact of inflation, the COVID-19 pandemic and other factors relating to our business and the business of our customers, partners, vendors, and supply chain; and general market, political, economic, and business conditions. Further information on these and additional risks, uncertainties, assumptions, and other factors that could cause actual results or outcomes to differ materially from those included in or implied by the forward-looking statements contained in this release are included under the caption “Risk Factors” and elsewhere in our final prospectus dated November 10, 2021 as filed with the Securities and Exchange Commission (the “SEC”) pursuant to Rule 424(b)(4) on November 12, 2021 (the “Final Prospectus”), and other filings and reports we make with the SEC from time to time.

The forward-looking statements made in this release reflect our views as of the date of this press release. We undertake no obligation to update any forward-looking statements in this press release, whether as a result of new information, future events or otherwise.

Non-GAAP Financial Measures

To supplement the financial measures prepared in accordance with generally accepted accounting principles (GAAP), we use non-GAAP adjusted gross margin and adjusted EBITDA margin. These non-GAAP financial measures exclude certain items and are not prepared in accordance with GAAP; therefore, the information is not necessarily comparable to other companies and should be considered as a supplement to, not a substitute for, or superior to, the corresponding measures calculated in accordance with GAAP. We present these non-GAAP measures because management believes they are a useful measure of the company’s performance and provide an additional basis for assessing our operating results. Please see the appendix attached to this press release for a reconciliation of non-GAAP adjusted gross margin and adjusted EBITDA margin to the most directly comparable GAAP financial measures.

A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, expenses and other factors in the future. For example, stock-based compensation expense-related charges are impacted by the timing of employee stock transactions, the future fair market value of our common stock, and our future hiring and retention needs, all of which are difficult to predict with reasonable accuracy and subject to constant change.

Adjusted Gross Profit (and Margin)

We believe adjusted gross profit (and margin), when taken together with our GAAP financial results, provides a meaningful assessment of our performance and is useful to us for evaluating our ongoing operations and for internal planning and forecasting purposes.

We define adjusted gross margin as gross profit, exclusive of stock-based compensation expense, depreciation expense of our property and equipment, and amortization expense of capitalized internal-use software included within cost of revenue, as a percentage of adjusted gross profit to revenue. We exclude stock-based compensation, which is a non-cash item, because we do not consider it indicative of our core operating performance. We exclude depreciation expense of our property and equipment and amortization expense of capitalized internal-use software, because these may not reflect current or future cash spending levels to support our business. We believe adjusted gross margin provides consistency and comparability with our past financial performance and facilitates period-to-period comparisons of operations, as this metric eliminates the effects of depreciation and amortization.

Adjusted EBITDA

We define adjusted EBITDA as net loss adjusted to exclude depreciation and amortization, stock-based compensation, interest expense, income tax provision, unrealized loss on SAFE and gain on extinguishment of debt. We use adjusted EBITDA to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that adjusted EBITDA, when taken together with our GAAP financial results, provides meaningful supplemental information regarding our operating performance by excluding certain items that may not be indicative of our business, results of operations, or outlook. We consider adjusted EBITDA to be an important measure because it helps illustrate underlying trends in our business and our historical operating performance on a more consistent basis.

Non-GAAP Net Income (Loss)
We define non-GAAP net income (loss) as net income adjusted to exclude stock-based compensation and other items we deem non-recurring. We believe that non-GAAP net income (loss), when taken together with our GAAP financial results, provides meaningful supplemental information regarding our operating performance by excluding certain items that may not be indicative of our business, results of operations, or outlook.

Key Business Metrics:

Annual Recurring Revenue (ARR)

We define annual recurring revenue (ARR) as the annualized value of all Backblaze B2 and Computer Backup arrangements as of the end of a period. Given the renewable nature of our business, we view ARR as an important indicator of our financial performance and operating results, and we believe it is a useful metric for internal planning and analysis. ARR is calculated based on multiplying the monthly revenue from all Backblaze B2 and Computer Backup arrangements, which represent greater than 98% of our revenue for the periods presented (and excludes Physical Media revenue), for the last month of a period by 12. Our annual recurring revenue for Computer Backup and B2 Cloud Storage is calculated in the same manner as our overall annual recurring revenue based on the revenue from our Computer Backup and B2 Cloud Storage solutions, respectively.

Net Revenue Retention Rate (NRR)

Our overall net revenue retention rate (NRR) is a trailing four-quarter average of the recurring revenue from a cohort of customers in a quarter as compared to the same quarter in the prior year. We calculate our overall net revenue retention rate for a quarter by dividing (i) recurring revenue in the current quarter from any accounts that were active at the end of the same quarter of the prior year by (ii) recurring revenue in the current corresponding quarter from those same accounts. Our overall net revenue retention rate includes any expansion of revenue from existing customers and is net of revenue contraction and customer attrition, and excludes revenue from new customers in the current period. Our net revenue retention rate for Computer Backup and B2 Cloud Storage is calculated in the same manner as our overall net revenue retention rate based on the revenue from our Computer Backup and B2 Cloud Storage solutions, respectively.

Gross Customer Retention Rate

We use gross customer retention rate to measure our ability to retain our customers. Our gross customer retention rate reflects only customer losses and does not reflect the expansion or contraction of revenue we earn from our existing customers. We believe our high gross customer retention rates demonstrate that we serve a vital service to our customers, as the vast majority of our customers tend to continue to use our platform from one period to the next. To calculate our gross customer retention rate, we take the trailing four-quarter average of the percentage of cohort of customers who were active at the end of the quarter in the prior year that are still active at the end of the current quarter. We calculate our gross customer retention rate for a quarter by dividing (i) the number of accounts that generated revenue in the last month of the current quarter that also generated recurring revenue during the last month of the corresponding quarter in the prior year, by (ii) the number of accounts that generated recurring revenue during the last month of the corresponding quarter in the prior year.

Additional Key Business Metrics Calculation Notes

The metrics for net revenue retention rate and gross customer retention rate are currently calculated using only those customers paying by credit card and exclude customers paying by invoice utilizing a different system. The amounts related to the number of customers paying by invoice has historically been immaterial.

BACKBLAZE, INC.
CONDENSED BALANCE SHEETS
(in thousands, except share and per share data)

June 30, December 31,
2022 2021
(unaudited)
Assets
Current assets:
Cash $ 7,237 $ 104,843
Accounts receivable, net 391 309
Short-term investments 80,839
Prepaid expenses and other current assets 6,138 5,930
Total current assets 94,605 111,082
Property and equipment, net 48,303 43,068
Operating lease right-of-use assets 5,085
Capitalized software, net 10,550 7,637
Other assets 1,934 1,794
Total assets $ 160,477 $ 163,581
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable $ 1,969 $ 2,075
Accrued expenses and other current liabilities 7,384 7,620
Finance lease liabilities and lease financing obligations, current 17,643 13,645
Operating lease liabilities, current 2,616
Deferred revenue, current 22,398 21,722
Total current liabilities 52,010 45,062
Finance lease liabilities and lease financing obligations, non-current 19,570 19,603
Operating lease liabilities, non-current 2,936
Deferred revenue, non-current 2,975 3,132
Other long-term liabilities 298
Total liabilities $ 77,491 $ 68,095
Commitments and contingencies
Stockholders’ Equity
Class A common stock, $0.0001 par value; 113,000,000 shares authorized as of June 30, 2022 and December 31, 2021, respectively; 14,113,696 and 8,227,992 shares issued and outstanding as of June 30, 2022 and December, 31, 2021, respectively. 1 1
Class B common stock, $0.0001 par value; 37,000,000 shares authorized as of June 30, 2022 and December 31, 2021, respectively; 17,517,836 and 22,156,842 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively. 2 2
Additional paid-in capital 143,431 131,826
Accumulated deficit (60,448 ) (36,343 )
Total stockholders’ equity 82,986 95,486
Total liabilities and stockholders’ equity $ 160,477 $ 163,581

BACKBLAZE, INC.
CONDENSED STATEMENTS OF OPERATIONS
(in thousands, except share and per share data)

Three Months Ended June 30, Six Months Ended June 30,
2022 2021 2022 2021
(unaudited)
Revenue $ 20,688 $ 16,150 $ 40,178 $ 31,462
Cost of revenue 9,556 7,926 19,237 15,756
Gross profit 11,132 8,224 20,941 15,706
Operating expenses:
Research and development 8,400 4,707 16,341 8,976
Sales and marketing 8,369 4,347 16,398 8,124
General and administrative 5,182 2,904 10,710 5,157
Total operating expenses 21,951 11,958 43,449 22,257
Loss from operations (10,819 ) (3,734 ) (22,508 ) (6,551 )
Interest income 120 195
Interest expense (913 ) (847 ) (1,861 ) (1,718 )
Gain on extinguishment of debt 2,299 2,299
Loss before provision for income taxes (11,612 ) (2,282 ) (24,174 ) (5,970 )
Income tax (benefit) provision (37 ) 136 (69 ) 136
Net loss $ (11,575 ) $ (2,418 ) $ (24,105 ) $ (6,106 )
Net loss per share, basic and diluted $ (0.37 ) $ (0.13 ) $ (0.78 ) $ (0.33 )
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted 31,182,914 18,707,302 30,864,199 18,691,938

BACKBLAZE, INC.
CONDENSED STATEMENTS OF CASH FLOWS
(in thousands)

Six Months Ended June 30,
2022 2021
(unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss $ (24,105 ) $ (6,106 )
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Gain on extinguishment of Paycheck Protection Program (“PPP”) loan (2,299 )
Net accretion of discount on investment securities (172 )
Noncash lease expense on operating leases 1,129
Depreciation and amortization 9,361 7,982
Stock-based compensation 8,181 2,163
(Gain) loss on disposal of assets and other adjustments 10 (12 )
Changes in operating assets and liabilities:
Accounts receivable (82 ) 101
Prepaid expenses and other current assets (211 ) (805 )
Other assets (49 ) (186 )
Accounts payable (757 ) 441
Accrued expenses and other current liabilities (858 ) 536
Deferred revenue 519 862
Operating lease liabilities (1,089 )
Other long-term liabilities (69 ) (94 )
Net cash (used in) provided by operating activities (8,192 ) 2,583
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of marketable securities (92,667 )
Maturities of marketable securities 12,000
Purchases of property and equipment, net (1,501 ) (4,457 )
Capitalized internally-developed software costs (2,838 ) (1,949 )
Net cash used in investing activities (85,006 ) (6,406 )
CASH FLOWS FROM FINANCING ACTIVITIES
Principal payments on finance leases and lease financing obligations (7,212 ) (5,722 )
Payments of deferred offering costs (658 ) (1,780 )
Proceeds from debt facility 3,500
Proceeds from lease financing obligations 2,907
Employee payroll taxes paid related to net settlement of equity awards (130 )
Proceeds from exercises of stock options 2,063 148
Proceeds from employee stock purchase plan 1,529
Net cash used in financing activities (4,408 ) (947 )
Net decrease in cash and restricted cash (97,606 ) (4,770 )
Cash and restricted cash at beginning of period 105,012 6,076
Cash and restricted cash at end of period $ 7,406 $ 1,306
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest $ 1,888 $ 1,693
Cash paid for income taxes $ 26 $
Cash paid for operating lease liabilities $ 1,184 $
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES
Stock-based compensation included in capitalized software $ 1,005 $ 114
Accrued bonus classified as stock-based compensation $ 1,043 $
Equipment acquired through finance lease obligations $ 11,595 $ 4,252
Accruals related to purchases of property and equipment $ 698 $ 449
Lease liabilities arising from right-of-use assets upon adoption of ASC 842 $ 5,220 $
Extinguishment of PPP loan $ $ 2,299
RECONCILIATION OF CASH AND RESTRICTED CASH
Cash $ 7,237 $ 1,306
Restricted cash – included in other assets $ 169 $
Total cash and restricted cash $ 7,406 $ 1,306

BACKBLAZE, INC.
RECONCILIATION OF GAAP TO NON-GAAP DATA
(unaudited)

Adjusted Gross Profit and Adjusted Gross Margin

Three Months Ended June 30, Six Months Ended June 30,
2022 2021 2022 2021
(in thousands, except percentages)
Gross profit $ 11,132 $ 8,224 $ 20,941 $ 15,706
Adjustments:
Stock-based compensation 348 109 624 194
Depreciation and amortization 4,377 3,818 9,047 7,683
Adjusted gross profit $ 15,857 $ 12,151 $ 30,612 $ 23,583
Gross margin 54 % 51 % 52 % 50 %
Adjusted gross margin 77 % 75 % 76 % 75 %

Adjusted EBITDA

Three Months Ended June 30, Six Months Ended June 30,
2022 2021 2022 2021
(in thousands, except percentages)
Net loss $ (11,575 ) $ (2,418 ) $ (24,105 ) $ (6,106 )
Adjustments:
Depreciation and amortization 4,570 3,972 9,433 7,982
Stock-based compensation 4,346 1,255 8,181 2,163
Net interest expense 793 847 1,666 1,718
Income tax (benefit) provision (37 ) 136 (69 ) 136
Gain on extinguishment of debt (2,299 ) (2,299 )
Adjusted EBITDA $ (1,903 ) $ 1,493 $ (4,894 ) $ 3,594
Adjusted EBITDA margin (9 )% 9 % (12 )% 11 %

Non-GAAP Net Loss

Three Months Ended June 30, Six Months Ended June 30,
2022 2021 2022 2021
(in thousands, except share and per share data)
Net loss $ (11,575 ) $ (2,418 ) $ (24,105 ) $ (6,106 )
Adjustments:
Stock-based compensation 4,346 1,255 8,181 2,163
Gain on extinguishment of debt (2,299 ) (2,299 )
Non-GAAP net loss $ (7,229 ) $ (3,462 ) $ (15,924 ) $ (6,242 )
Net loss per share, basic and diluted $ (0.23 ) $ (0.19 ) $ (0.52 ) $ (0.33 )
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted 31,182,914 18,707,302 30,864,199 18,691,938

BACKBLAZE, INC.
SUPPLEMENTAL FINANCIAL INFORMATION
(unaudited)

Stock-based Compensation

Three Months Ended June 30, Six Months Ended June 30,
2022 2021 2022 2021
(In thousands, unaudited)
Cost of revenue $ 348 $ 109 $ 624 $ 194
Research and development 1,683 512 3,238 911
Sales and marketing 1,233 379 2,367 568
General and administrative 1,082 255 1,952 490
Total stock-based compensation expense $ 4,346 $ 1,255 $ 8,181 $ 2,163

 

Investors Contact
James Kisner
Vice President of Investor Relations and Corporate Development
ir@backblaze.com

Press Contact
Jeanette Foster
Communications Manager
press@backblaze.com

Source: Backblaze, Inc.

 

 

Veeam supports regulatory compliance, availability for 24.7.365 account access and reduces backup and recovery costs by 25% with Veeam Availability Suite and Veeam Backup for Microsoft 365

Columbus, OHIO — August 9, 2022 — / BackupReview.info / — Veeam® Software, the leader in backup, recovery and data management solutions that deliver Modern Data Protection, today announced it has been chosen by SmartBank as its first in-house approach to data protection, providing customers with a convenient, secure and reliable banking experience while reducing operational costs and enhancing regulatory reporting. SmartBank was in need of a robust backup solution that boosts customer satisfaction and trust, maintains compliance with regulatory obligations and keeps banking services running and recoverable after a disaster event.

Founded in 2007, SmartBank is a full-service commercial bank providing banking, investment, insurance and mortgage financial services, with 40 branches spanning Tennessee, Alabama and Florida. To provide customers with an unmatched banking experience, SmartBank focuses on hiring employees that will deliver exceptional client service and ensure that the IT infrastructure and applications powering its services are always available. After many years of relying on costly third-party services that only offered limited visibility into the integrity and recoverability of their system backups, the company knew it needed a new, cost-effective solution. SmartBank sought a solution that was able to run, monitor and maintain its backup and recovery systems, while also providing granular reports on its backup environment to prevent regulatory compliance risks.

“Today, customers expect immediate access to their bank accounts and services across multiple digital channels —any unplanned downtime would have a significant impact on our reputation. As a result, preventing disruption to our services is one of our top priorities,” said Daniel Hereford, CIO at SmartBank. “We have a lean IT team, so we wanted a comprehensive backup and recovery solution that was intuitive and easy to operate. We are very impressed by how user-friendly the Veeam solutions are. The fact that Veeam runs on almost any hardware and is compatible with VMware was also a huge plus, as this helps us to avoid vendor lock-in and simplify system management.”

To reduce operational costs and enhance regulatory reporting, SmartBank selected an in-house approach to data protection with Veeam Availability Suite™ and Veeam Backup for Microsoft 365. Delivering always-on services to customers securely and cost-effectively, Veeam drives IT savings, reducing operational costs by 25% and allowing SmartBank to redirect investment towards developing innovative banking products and services. Automation from the Veeam Availability Suite also offers regulatory compliance, making it easy for the company to validate the integrity of their backups and generate reports that prove they are following regulatory requirements. This helps SmartBank maintain an excellent relationship with the Federal Deposit Insurance Corporation (FDIC) and reduce overall business risk.

Veeam also ensures that the company can maintain complete control over all its data. Should there be any issue with the backup services in place, SmartBank will always be able to recover files, emails and application data using Veeam. SmartBank also established primary and secondary on-premises backup environments for long-term data retention, running on HPE StoreOnce servers. For added protection, Veeam solutions are now deployed alongside Microsoft Azure Blob Storage to orchestrate all backup activities from end to end.

For more information and to learn about Veeam solutions, visit: https://www.veeam.com

About Veeam Software
Veeam® is the leader in backup, recovery and data management solutions that deliver Modern Data Protection. The company provides a single platform for Cloud, Virtual, Physical, SaaS and Kubernetes environments. Veeam customers are confident their apps and data are protected from ransomware, disaster and harmful actors and always available with the most simple, flexible, reliable and powerful platform in the industry. Veeam protects 450,000 customers worldwide, including 81% of the Fortune 500 and 70% of the Global 2,000. Headquartered in Columbus, Ohio, with offices in more than 30 countries, Veeam’s global ecosystem includes 35,000+ technology partners, resellers and service providers and alliance partners. To learn more, visit https://www.veeam.com or follow Veeam on LinkedIn @veeam-software and Twitter @veeam.

Contact:
Veeam Software
Director, Global Public Relations
Heidi Monroe Kroft, 614-339-8200 x8309

Source: Veeam

 

 

After Raising $140M in VC Funding, Executive Financial Leadership Will Drive Hypergrowth for Visionary SaaS Company

BOSTON, MA — August 9, 2022 — / BackupReview.info / — HYCU, Inc., a pioneering enterprise BaaS company specializing in hybrid and multi-cloud data protection as a service, today announced that Justin Schumacher joined as the company’s first CFO. The news comes on the heels of the company being named a Visionary in the Gartner Magic Quadrant for Enterprise Backup and Recovery Software Solutions and a $53M Series B that brings the total VC funding raised to date to $140M.

“We are absolutely thrilled to welcome Justin to HYCU,” said Simon Taylor, HYCU Founder and CEO. “He is an impressive leader who brings a strategic perspective to finance and has an incredible wealth of knowledge when it comes to driving teams at hypergrowth companies. His pedigree in both the data protection and SaaS industry is invaluable and I know will be instrumental in helping HYCU continue to scale and grow.”

Mr. Schumacher joins HYCU from JumpCloud where he held the role of Vice President, Finance. While at JumpCloud, he was influential in helping the company with sales and financial processes and systems to make it easy and effortless to do business with JumpCloud, while also being crucial in closing out Series E and Series F rounds totaling $325M. Prior to JumpCloud, he held senior level management positions with many of the industry’s leaders and pioneers in their space. He was Vice President of Business Operations at Uplight, Vice President of Finance at Simple Energy, controller at SyncHR, and held senior management finance positions at SolidFire (acquired by NetApp), Datalogix (acquired by Oracle), and KPMG.

“HYCU is at an incredible place in the industry, following on so many significant milestones, and continuing to round out its executive leadership team with leaders that will spearhead growth, build an iconic brand and establish a generational business,” said Schumacher. “This vision is what attracted me to HYCU. It’s important that as HYCU grows, the company focus on continuing to do things consciously and with intent. Layering in the systems, processes, and financial infrastructure to support this is critical and something that I am thrilled to be leading alongside Simon, the Board and the executive leadership team.”

Year to date, HYCU has added more than 60 employees and continues to expand its workforce, looking to add another 100 in the next twelve months. The company was recently named a Boston Business Journal Best Place to Work and is headquartered in Boston with hubs in Austin, Texas; Cork, Ireland; Ljubljana, Slovenia and Belgrade, Serbia.

About HYCU
HYCU is the fastest-growing leader in the multi-cloud backup and recovery as a service industry. By bringing true SaaS-based data backup to both on-premises and cloud-native environments, the company provides unparalleled data protection, migration and disaster recovery to more than 3,200 companies worldwide. HYCU’s award-winning, purpose-built solutions eliminate the complexity, risk and high cost of legacy-based solutions, providing data protection simplicity in a hyper-connected, multi-cloud world. Customers experience frictionless, cost-effective data backup and recovery, no matter where their data resides. Based in Boston, Mass., the company employs 300 people across the globe. Learn more at www.hycu.com

Contact:
Don Jennings
Sr. Director, Global Communications & PR
(Cell) 617.791.1710
(Email) don.jennings@hycu.com
(Twitter) @djenningspr

Source: HYCU, Inc.

 

 

Validated Cloud Deploys Cloudian as Foundation for Data Archive and Data Lake Services

SAN MATEO, CA – Aug. 9, 2022 — / BackupReview.info / — Cloudian today announced that Validated Cloud, a leading Cloud Service Provider (CSP) in the Life Sciences industry, has introduced a new service offering based on Cloudian’s HyperStore object storage platform. The new service, GxP S3 Simple Storage Service, leverages HyperStore’s limitless scalability, military-grade security and native S3 compatibility to meet Validated Cloud customers’ needs for fully compliant data management and protection, including data archive and data lake use cases.

Founded in 2011, Validated Cloudhelpsemerging clinical stage to mid-sized Life Sciences companies accelerate the deployment of validated systems on a compliant platform with all the features and benefits of the Big Pharma companies—and at a fraction of the cost of a do-it-yourself project. Over the past year, Validated Cloud has seen increased customer demand for storage solutions that would support the rapidly growing ecosystem of S3-compatible applications. In response, the company began looking for a storage provider that could help it address this demand.

“As we do for any major technology purchase decision, we developed an extensive set of selection criteria,” said Doug Lantigua, co-founder, Validated Cloud. “After conducting a thorough evaluation of different solutions, we found that Cloudian best met the criteria.”

Key benefits included highly secure multi-tenancy and the ability to manage the environment separately from how users access it.

“It fit our security model very well and plugged in directly to the way we already work,” said Lantigua.

Validated Cloud deployed a petabyte scale HyperStore solution across two data centers for its GxP S3 Simple Storage Service. Fully compliant with U.S. Food and Drug Administration (FDA), European Medicines Agency (EMA) and UK Medicines and Healthcare products Regulatory Agency (MHRA) standards, the service provides storage for GxP data use cases, including:

  • GxP/Validated Data Archive
  • GxP/Validated Data Lake
  • Validated Clinical Data sharing between sponsors and contract research organizations
  • Offsite storage for GxP lab and manufacturing data
  • GxP storage for validated next-generation sequencing (NGS) data

“Cloudian gives us a modern storage foundation fully under our control, which is essential when it comes to the data we manage,” says Lantigua. “We’re looking forward to bringing the benefits of our Cloudian-based GxP S3 service to our customers.”

To learn more about how Cloudian partners with CSPs to meet their customers’ needs, visit cloudian.com/msp-partners/. For more information about Cloudian solutions for Life Sciences, go to cloudian.com/solutions/life-sciences-solutions/

About Cloudian
Cloudian is the leader in data management software for the hybrid cloud. With military-grade security, limitless scalability and seamless cloud integration, Cloudian’s S3-compatible object storage lets users optimize data access, meet data sovereignty requirements and cut costs by consolidating information to a single, cloud-like platform. Cloudian’s geo-distributed architecture manages and protects object and file data at the edge, core, and in the cloud—for both conventional and modern applications. More at cloudian.com

Media Contact
Jordan Tewell
10Fold Communications
cloudian@10fold.com
+1 415-666-6066

Source: Cloudian, Inc.

 

 

NAKIVO concludes Q2 2022 with a revenue growth of 29% worldwide, as the company continues to accelerate in the backup and disaster recovery market for physical, virtual, cloud, and SaaS environments

Sparks, NV – August 9, 2022 — / BackupReview.info / — NAKIVO Inc., a fast-growing software company dedicated to protecting physical, virtual, cloud, and SaaS environments, announced its Q2 2022 financial results today.

Tweet This: NAKIVO announces 29% revenue growth worldwide

In Q2 2022, NAKIVO accomplished the following:

Revenue: NAKIVO’s revenue grew by 29% worldwide in Q2 2022 in comparison with the same quarter in 2021. In Q2 2022, 57% of the total revenue came from the EMEA region, 31% from the Americas, and 12% from the Asia-Pacific region. The countries delivering the highest revenue growth in Q2 2022 were Australia, Latvia, and Portugal.

NAKIVO’s revenue grew more than 100% QoQ in Armenia, Bermuda, Bulgaria, Costa Rica, Curacao, Denmark, French Polynesia, Guatemala, Hungary, Iceland, India, Latvia, Malaysia, Nicaragua, Pakistan, Philippines, Turkey, Vietnam, Ukraine, among others.

Customers: NAKIVO has over 23,000 paid customers in 173 countries. The customer base grew by 19% in Q2 2022 over the same period in 2021. The number of new customers grew by 19% in the EMEA region, by 21% in the Asia-Pacific region, and by 17% in the Americas. For the first time, NAKIVO gained customers in French Guiana. Enterprises continue to choose NAKIVO Backup & Replication as their preferred data protection solution, with new deployments growing by 34% in Q2 2022 over Q2 2021.

A sample of customers in Q2 2022 includes Zooplus AG, Medicinos Bankas, The Sage Colleges, Agriculture and Food Agency of Taiwan, Cineworld Cinemas Limited, and Calumet Specialty Products.

Some examples of customer success stories in Q2 2022 include: Alvear Hotels (NAKIVO Helps a Hotel Chain Save Thousands of Dollars), Downies (NAKIVO Delivers Microsoft 365 Backup for a Collectibles Dealer), and Transpek (NAKIVO Helps Chemical Manufacturer Increase Backup Speed by 7 Times).

Technology Partners: In Q2 2022, NAKIVO successfully delivered its solutions via technology partners, as more enterprises and SMBs chose to install NAKIVO Backup & Replication on partner hardware. Particularly, Netgear NAS installations grew by 195% in Q2 2022 vs. Q2 2021.

Solution Partners: Currently, NAKIVO has over 7,000 software solution providers as partners across the Americas, Europe, Africa, the Middle East, and the Asia-Pacific region. In Q2 2022, 200 new solution providers joined the NAKIVO Partner Program and now offer NAKIVO products to their enterprise and SMB customers. For the first time, NAKIVO gained partners from Albania and Cote d’Ivoire.

Managed Service Providers: NAKIVO’s Managed Service Provider Program enables managed service, cloud, and hosting providers to deliver backup as a service (BaaS), VM replication as a service (RaaS), and VM disaster recovery as a service (DRaaS) to their clients. In Q2 2022, the number of MSPs grew by 37% vs. Q2 2021. For the first time, NAKIVO gained MSP partners in Georgia, Madagascar, Mauritius, and Sri Lanka.

“The second quarter of 2022 proved again to be successful for NAKIVO worldwide,” said NAKIVO’s CEO Bruce Talley. “In Q2 2022, we expanded our functionality with NAS Backup for file share protection and added a new ransomware-resilient deployment option for virtual environments with hardened VA and AMI. Overall, we are focused on offering our customers and partners the most fast, affordable, and top-rated solution for protecting their environments.”

NAS Backup: NAKIVO’s NAS Backup solution helps boost data protection with fast and efficient backups of entire file shares or specific folders within those shares, located on NAS devices or Windows/Linux machines. The functionality supports incremental backup, backup copy, granular recovery, and simple scheduling.

Ransomware Recovery: NAKIVO’s ransomware recovery helps organizations minimize data loss and downtime without paying the ransom. By deploying the solution as a hardened AMI, customers can increase their backup data resilience to ransomware. Immutable backups cannot be modified, changed, or deleted by a user or ransomware, thus adding an extra layer of protection.

Resources:

  • Trial Download: https://www.nakivo.com/resources/download/trial-download/
  • Datasheet: https://www.nakivo.com/res/files/nakivo-backup-replication-datasheet.pdf
  • Success Stories: https://www.nakivo.com/customers/success-stories/

About NAKIVO
NAKIVO is a US-based corporation dedicated to delivering the ultimate backup and disaster recovery solution. NAKIVO Backup & Replication protects VMware, Hyper-V, Nutanix AHV, and Amazon EC2 environments, physical servers, workstations, Oracle databases, and Microsoft Office 365 application data. With 20 consecutive quarters of double-digit growth, 5-star online community reviews, 98% customer satisfaction with support, and more than 20,000 paid customers worldwide, NAKIVO is one of the fastest-growing data protection software vendors in the industry. NAKIVO’s customers include great multinational companies such as Coca-Cola, Honda, DHL, and many others. NAKIVO has a global presence, with over 5,400 channel partners in 150 countries.

Visit at: www.nakivo.com
Follow on Twitter: @NAKIVO
Connect on Facebook: www.facebook.com/NakivoInc
Join on LinkedIn: www.linkedin.com/company/nakivo

PR Contact:
Sasha Tolkachova, PR Manager
sasha.tolkachova@nakivo.com
+1 416 845 3381

Source: Nakivo

 

 

Cyber protection pioneer ranks among other leaders evaluated by market performance and endpoint security offering

SCHAFFHAUSEN, Switzerland – August 9, 2022 — / BackupReview.info / — Acronis, the global leader in cyber protection, announced today it has been recognized as a High Performer in the Canalys Endpoint Security Vendor Performance Index for Q1 2022. The company, praised for being a cyber protection pioneer, realized an 18.8 percent growth in revenue compared to the first quarter of 2021.

Canalys, a leading global technology market analyst firm, releases the quarterly Endpoint Security Vendor Performance Index research to highlight market share and trends within the endpoint protection industry. Specifically, it “assesses vendor performance, in terms of customer adoption, within the endpoint security market during the last 12 months (July 2021 to June 2022).”

In the 2022 report, Canalys praises Acronis’ endpoint security solution that is integrated with data backup and recovery services. Acronis was officially classified as an endpoint protection platform (EPP) provider for the first time when it was added to Canalys’ Endpoint Security Vendor Performance Index in April 2021. Since then, Acronis expanded its endpoint security solutions, announcing several integrations with leading service provider platforms, and launching enhanced capabilities of the company’s flagship, all-in-one cyber protection platform for service providers, Acronis Cyber Protect Cloud.

“We are pleased that Canalys recognizes Acronis as a leading endpoint protection platform provider,” said Oleg Melnikov, Chief Technology Officer at Acronis. “As security risks increase, businesses need more than simple, traditional backup solutions. This recognition from Canalys showcases the need for companies to adopt holistic cyber protection solutions like Acronis’ to protect their IT infrastructure in the face of modern cybersecurity threats.”

“Acronis’ position as a high performer in our Endpoint Security Vendor Performance Index is a testament to the company’s stellar market performance and outstanding offerings,” said Alex Smith, Canalys Vice President. “Given its unique approach to cyber protection and commitment to its channel partners, Acronis is well positioned to maintain its position as an endpoint protection leader for service providers and resellers well into the future.”

Acronis cyber protection solutions are trusted by over 20,000 service providers, 750,000 businesses, and service over 150 countries. In the last year, Acronis Cyber Protect has prevented over 1 million attacks and protected over 2.66 million workloads, enabling service providers and corporate IT to avoid costly downtime and deliver business continuity for their companies.

To learn more about Acronis’ integrated endpoint protection solution, visit acronis.com and register to attend the Acronis #CyberFit Summit 2022 in Miami, Florida from November 7-9, 2022.

About Acronis:
Acronis unifies data protection and cybersecurity to deliver integrated, automated cyber protection that solves the safety, accessibility, privacy, authenticity, and security (SAPAS) challenges of the modern digital world. With flexible deployment models that fit the demands of service providers and IT professionals, Acronis provides superior cyber protection for data, applications, and systems with innovative next-generation antivirus, backup, disaster recovery, and endpoint protection management solutions powered by AI. With advanced anti-malware powered by cutting-edge machine intelligence and blockchain based data authentication technologies, Acronis protects any environment – from cloud to hybrid to on premises – at a low and predictable cost.

Founded in Singapore in 2003 and incorporated in Switzerland in 2008, Acronis now has more than 2,000 employees in 34 locations in 19 countries. Acronis Cyber Protect solution is available in 26 languages in over 150 countries and is used by over 20,000 service providers to protect over 750,000 businesses.

Press Contact:
Karl Bateson
+617 306 6275
Karl.Bateson@acronis.com

Source: Acronis, Inc.

 

 

Assured Data Protection, the prominent IT managed services provider for cloud data protection solutions, announced today the availability of Rubrik Orchestrated Application Recovery as a managed service

HERNDON, VA – Auguest 08, 2022 — / BackupReview.info / — Assured Data Protection, the prominent IT managed services provider for cloud data protection solutions, announced today the availability of Rubrik Orchestrated Application Recovery as a managed service.

Rubrik Orchestrated Application Recovery provides orchestration of ransomware recovery both on-premises and in the Assured Data Protection Cloud. By leveraging Assured managed services and hosted disaster recovery (DR) platforms, Rubrik-protected data can be recovered both on-premises or in the Assured infrastructure with ease, creating isolation between an infected environment and clean data for recovery, providing simplicity and reducing costs for end users.

Stacy Hayes, Co-Founder and EVP, Americas at Assured Data Protection said: “Ensuring security and resiliency for data and business services in the face of cyber-attacks and other disaster events is a critical responsibility of modern digital enterprises. Installing and maintaining data protection estates can be expensive and time consuming. Executing manual plans for applications with multiple tiers and interdependencies slows down the recovery process and introduces opportunities for error. Enterprises can avoid these burdens by using Rubrik Orchestrated Application Recovery for an integrated and automated recovery service. Assured experts can tighten those processes even further and ensure the best in the business are building your recovery.”

Ghazal Asif, VP, Global Channels & Alliances at Rubrik said: “The collaboration between Rubrik and Assured Data Protection enables even more users to recover data quickly and seamlessly after a ransomware attack. As a trusted partner, we’re proud to work with Assured to enable cyber resiliency for their customers, keeping businesses up and running in the face of the increasing cyber threat landscape.”

Assured Data Protection is the largest Rubrik MSP and the first MSP to receive official Rubrik Authorized Support Partner (RASP) accreditation. Assured Data Protection was recently named winner of Rubrik’s 2022 Partner Recognition Award for Managed Service Provider Partner of the Year, North America at Rubrik’s inaugural Partner Recognition Awards.

To book a meeting with the Assured Data Protection team, please contact us at info@assured-dp.com

About Assured Data Protection
Assured Data Protection is a global data backup, disaster recovery, business continuity and threat detection managed service provider. With a senior leadership team totaling more than 200 years of combined industry experience, Assured Data Protection delivers scalable solutions and gained the distinction of being selected as Rubrik’s North American MSP Partner for 2022, visit http://www.assured-dp.com

Media Contact
Matthew Valleskey
Assured Data Protection
+1 (703) 888-4783
matthew.valleskey@assured-dp.com

Source: Assured Data Protection

 

 

Veristor Appears on the Prestigious List for the Eighth Year

ATLANTA, GA – Aug. 8, 2022 — / BackupReview.info / — Veristor Systems, Inc., a trusted provider of transformative business technology solutions, announced today that it has earned a prestigious spot on the 2022 Fast Growth 150 list, published annually by CRN, a brand of The Channel Company, for the eighth time. The CRN Fast Growth 150 list recognizes the fastest-growing North American IT solution providers and technology integrators for significant sales growth-driven by forward-thinking business strategy, strong technology know-how and services prowess-demonstrated over the past two years.

To maintain consistent growth within the highly competitive and rapidly evolving IT industry, solution providers need to constantly evolve to keep ahead of consistent changes within the market. CRN’s Fast Growth 150 list acknowledges companies that have crossed this lofty threshold and demonstrated an ongoing dedication toward success and innovation.

“It is my esteemed honor to yet again be featured on the 2022 Fast Growth 150 list,” said Ashby Lincoln, President and CEO, Veristor. “At Veristor, we are dedicated to matching the right technology and solutions to support our customers’ business requirements, architecting them for rapid time-to-value and long-term efficiency. We are grateful to The Channel Company, our customers and our passionate team of Veristor experts for this recognition.”

“Despite the near-constant disruptions and unforeseen challenges today’s IT companies face, they must still be ready to adapt and change at a moment’s notice. With the CRN 2022 Fast Growth 150 list, we honor those IT solution providers that have managed to thrive in an industry where stability is often a luxury,” said Blaine Raddon, CEO of The Channel Company. “The companies that earned spots on this year’s list represent the very best in business acumen and strategy, inspiring fellow industry members and proving that with perseverance, meaningful growth is attainable in even the most chaotic business climates. On behalf of CRN and The Company Channel, I wish a heartfelt congratulations and continued success to all companies featured on the 2022 Fast Growth 150 list.”

A sampling of the 2022 Fast Growth 150 list will be featured in the August issue of CRN Magazine. You can view the complete list online at www.crn.com/fastgrowth150

About Veristor Systems, Inc.
Veristor, which recently announced a merger with Anexinet, is a leading provider of transformative business technology solutions that helps its customers accelerate the time-to-value for the software, infrastructure and systems they deploy. We do this by harnessing deep expertise in today’s most advanced data center, security, networking, hybrid cloud, and big data technologies and guiding businesses to the right solutions for their most pressing challenges. And with a full suite of design, deployment, support, and managed service offerings, we work shoulder-to-shoulder with our customers at every step of their technology journey to make technology truly work for them. IT’s just who we are. Learn more at veristor.com

About The Channel Company
The Channel Company enables breakthrough IT channel performance with our dominant media, engaging events, expert consulting and education, and innovative marketing services and platforms. As the channel catalyst, we connect and empower technology suppliers, solution providers, and end-users. Backed by more than 30 years of unequaled channel experience, we draw from our deep knowledge to envision innovative new solutions for ever-evolving challenges in the technology marketplace. https://www.thechannelco.com/

Follow The Channel Company: Twitter, LinkedIn, and Facebook.

© 2022 The Channel Company, LLC. CRN is a registered trademark of The Channel Company, LLC. All rights reserved.

PR Contact:
Steve Sturgeon
Avista PR for Veristor
858-472-5669
ssturgeon@avistapr.com

Source: Veristor Systems, Inc.

 

 

NEW YORK, NY – Aug. 08, 2020 — /BackupReview.info/ — Probax today announced the launch of Honeycomb Object Storage as a Service powered by Wasabi.

The purpose-built Object Storage solution was designed for MSPs that need secure and simplified long-term AWS S3 compatible cloud storage for their customer data. With no egress or API request charges, faster performance than public cloud and bulletproof ransomware protection, Probax makes object storage simple with pay-as-you-go pricing models.

As a 100%-channel partner centric business, this launch represents Probax’s continued mission to empower its MSP partners to deliver scalable and reliable ‘out-of-the-box ready’ data protection solutions that offer substantial benefits to their own MSP business, while delivering real value to the customers they service.

“Long-term data retention is now easier and more cost-effective than ever for MSPs,” said Sam Meegahage, COO at Probax. “With industry-specific security and compliance, guaranteed availability, and all-inclusive pricing, MSPs can get an upper hand with Probax’s Object Storage as a Service. This disruptive cloud storage solution opens up the floodgates for data – partners and customers can store more data, across multiple locations and environments.”

“As a market leader in MSP cloud data protection solutions, our new Honeycomb Object Storage gives our MSP Partners more choice and flexibility when it comes to protecting their customer’s data.”

Available to MSPs in North America, Europe, Australia and Singapore, Probax’s Object Storage solution contributes to Wasabi’s global expansion.

“Wasabi is committed to providing simple, affordable hot cloud storage that our strategic partners can bundle with their own solutions to deliver lower cost, high performance service to the market,” said Marty Falaro, EVP & COO, Wasabi Technologies. “As Wasabi expands globally, partners like Probax contribute significantly to our rapid growth. Honeycomb Object Storage as a Service powered by Wasabi brings together the best of both worlds so users benefit from leading-edge cloud technology that removes prohibitive costs and complex storage tiers and instead allows them to extract real value from unlimited amounts of data when and how they need to.”

Honeycomb Object Storage is integrated with Probax’s award-winning data protection platform Hive, delivering complete visibility and control for MSPs of their customer data protection services in one place.

Hive’s built-in automation, intelligence, security, and monitoring capabilities adds further value to MSPs who are looking to leverage cost-effective Object Storage.

Probax Honeycomb Object Storage also integrates seamlessly with Veeam Software. Veeam Backup & Replication supports object storage as a destination for long-term data storage. Similarly, Veeam Backup for Office 365 and cloud-specific offerings, such as Veeam Backup for AWS, Veeam Backup for Azure, Veeam Backup for Google Cloud Platform all support object storage.

For more information, visit: https://www.probax.io/products/object-storage-as-a-service

About Probax
www.probax.io
Probax is an award-winning provider of MSP data protection solutions and services including data backup and retention, disaster recovery and business continuity. With unmatched partner enablement and support, together with continued innovation and integration with leading technology vendors including Veeam, StorageCraft, Dropbox and Microsoft; Probax empowers businesses to protect their most valuable asset, their data. Probax is a Wasabi Channel Partner and Platinum Veeam Cloud & Service Provider (VCSP) that was been awarded VCSP Innovation and VCSP Partner of the Year awards by Veeam Software.

About Wasabi Technologies
www.wasabi.com
Wasabi provides simple, predictable and affordable hot cloud storage for businesses all over the world. It enables organizations to store and instantly access an unlimited amount of data at 1/5th the price of the competition with no complex tiers or unpredictable egress fees. Trusted by tens of thousands of customers worldwide, Wasabi has been recognized as one of technology’s fastest-growing and most visionary companies. Created by Carbonite co-founders and cloud storage pioneers David Friend and Jeff Flowers, Wasabi has secured nearly $275 million in funding to date and is a privately held company based in Boston. Wasabi is a Proud Partner of the Boston Red Sox, and the Official Cloud Storage Partner of Liverpool Football Club and the Boston Bruins. Follow and connect with Wasabi on Twitter, Facebook, Instagram, and The Bucket.

For media enquiries, please contact:
Sam Meegahage
COO & Company Secretary
sam.meegahage@probax.io
+1 888-877-6229

Source: Probax

 

 

Englewood Cliffs, NJ – August 3, 2022 — / BackupReview.info / — OwnBackup, the leading SaaS data protection platform, today announced that they have achieved the Federal Risk and Authorization Management Program’s (FedRAMP) “In Process” designation under the sponsorship of the US Department of Agriculture, and are working toward full authorization by the end of the calendar year.

FedRAMP is a government-wide program that provides a standardized approach to security assessment, authorization and monitoring for cloud products and services. Its certification process includes an in-depth examination of a solution’s data security and data governance capabilities, as well as the security practices of its cloud services.

Public sector organizations provide essential services that require available and accurate data at all times. However, the value of this data also makes these organizations more susceptible to cyberattacks and other nefarious threats. Globally, government organizations are now some of the most popular targets for bad actors, second only to those in the education and research sectors. Once full certification is achieved, OwnBackup’s FedRAMP solutions will enable U.S. government agencies to avoid disruption to critical services, ensure a continuity of operations, and maintain trust with their customers.

“Our FedRAMP In Process designation is significant and demonstrates OwnBackup’s commitment to cloud security and data protection,” said Sam Gutmann, CEO at OwnBackup. “With this designation, we can better help public sector organizations accelerate their digital transformation goals, especially when it comes to large development projects where data is at higher risk of corruption or loss.”

OwnBackup’s data protection platform, which is used by over 4,700 customers across three different SaaS platforms, was designed from the beginning with security in mind. Their solutions are architected with a variety of security controls across multiple tiers to address a range of security risks. Most recently, OwnBackup achieved ISO 27001 certification, which requires adherence to a documented management system that demonstrates a commitment to protect information assets’ confidentiality, availability, and integrity from threats and vulnerabilities.

To learn more, visit ownbackup.com

About OwnBackup
OwnBackup is a leading SaaS data protection platform for some of the largest SaaS ecosystems in the world, including Salesforce, Microsoft Dynamics 365, and ServiceNow. Through capabilities like data security, backup and recovery, archiving, and sandbox seeding, OwnBackup empowers thousands of organizations worldwide to manage and protect the mission-critical data that drives their business.

Co-founded by seasoned data recovery, data protection, and information security experts, OwnBackup is a trusted independent software vendor (ISV) partner on the Salesforce AppExchange, AWS Marketplace, and Microsoft Marketplace. Headquartered in Englewood Cliffs, New Jersey, with research and development (R&D), support, and other functions in Israel, EMEA and APAC, OwnBackup is the partner of choice for some of the world’s largest users of SaaS applications.

Media Contact:
Colin Snell
press@ownbackup.com

Source: OwnBackup, Inc.

 

 

The New Program Offers Robust Protection Across all Five Data Risk Categories: Cyber, Human, Application, Operation and Environmental

SANTA CLARA, Calif. – Aug 3, 2022 — / BackupReview.info / — Druva Inc. today introduced the industry’s most comprehensive data resiliency guarantee, and the only program backed by the reliability, security and availability of the Druva Data Resiliency Cloud. The Druva Data Resiliency Guarantee, made possible by Druva’s leading SaaS-based data protection solution and best-in-class service level agreements (SLAs), provides up to $10 million in coverage and guarantees the security, immutability and availability of customers’ data. In adopting the Druva Data Resiliency Cloud, customers can now gain even more confidence that they are protected against a wide variety of data loss and downtime events across five key risk categories: cyber, human, application, operation and environmental.

Cyber attacks and ransomware continue to pose a significant threat to business, however, organizations, and their critical data, face myriad challenges outside of these external threats. Insider threats and under-trained staff are a significant factor in cyber events, while the rising adoption of SaaS business tools increases the potential risk and impact of unplanned outages. Further, as the scope of global climate change continues to expand, business data will only become more susceptible to natural disasters. The Druva Data Resiliency Cloud offers robust coverage designed to meet today’s evolving business landscape; whether it’s providing high levels of uptime, protecting data from unauthorized user access, or ensuring continuous, successful backups readily available for recovery, Druva’s enterprise-grade SaaS platform offers an unmatched level of protection and peace of mind.

“Ransomware protection alone isn’t enough to satisfy the pressures, challenges and speed of modern businesses,” said Jaspreet Singh, Founder and CEO, Druva. “Protecting data from outside attackers should be table stakes at this point but most vendors are simply unable to make stronger commitments given the limitations of their business models. In contrast, our SaaS model offers complete control over the various technology functions and the ability for our team to manage the entire customer experience. Others might guarantee certain protections or performance but we have taken this a step further by expanding our terms, extending our coverage against all five risks with five SLAs, and clearly defining comprehensive coverage for customers – all backed by up to $10 million.”

A Guarantee With Unmatched Breadth and Depth

The Druva Data Resiliency Guarantee is an expansion of the company’s existing limitations of liability and provides up to $10 million in coverage, enabling qualifying customers to protect against a wide variety of data loss and downtime events across five categories of risk, made possible by best-in-class SLAs:

    • 100% Confidentiality SLA to guarantee customer data stored in backups will not be compromised (i.e. malicious and unauthorized access) as a result of a security incident
    • 100% Immutability SLA to guarantee backups will not be deleted, encrypted, or otherwise changed as a result of a cyber attack
    • 99% Reliability SLA guaranteeing successful backup services
    • 99.999% Durability SLA to ensure successful backups will be recoverable
    • Up to 99.5% Availability SLA to maximize uptime

“There’s little doubt of the role data protection can play in strengthening business continuity, but enterprises are currently focusing a majority of their resources minimizing the risks of ransomware and cyber attacks specifically,” said Phil Goodwin, Research Vice President, IDC. “Druva is aiming to offer protection against five key risk categories, and guarantee it behind their cloud-native architecture, which presents organizations a very interesting offer to consider.”

The Druva Data Resiliency Cloud is a cloud-native, SaaS-based platform for unified data security, protection, and recovery. Because it is a cloud-native solution managed and maintained by Druva, the company has complete control over the various technology components that deliver customer services. By contrast, other organizations that rely on customers to manage their solutions (on-premises or cloud-based) have limited control and visibility limited to the control and visibility, and thus can only provide limited guarantees.

Powering the Next Generation of Data Resiliency for Partners and Customers
BuildGroup is a San Francisco-based general contracting company that takes on all aspects of construction from structural design and foundations to interiors and finish work.

“After conducting an extensive evaluation of data protection solutions, we had no doubt Druva was the best of breed and the right technology for our growing team,” said Adam Kailian, IT Manager, BuildGroup. “In addition to proven TCO savings and the only mature SaaS delivery model, Druva has put an exceptional system in place that ensures our data isn’t just protected from cyber attackers, it’s resilient from almost anything that might come our way. The Druva Data Resiliency Guarantee gives us the peace of mind that no one else could.”

Softcat is a leading provider of IT infrastructure to corporate and public sectors based in the UK, supporting thousands of customers with more than 200 partners and vendors.

“Business continuity and data resilience are crucial to all our customers, a reality that has been highlighted by the recent surge in malicious activity and the subsequent examples of ransomware attacks” said Tim Jeans, Solutions Sales Director, Softcat. “There are a number of factors to take into account in mitigating the associated risks and a solution capable of providing holistic protection, let alone guaranteeing it, like the Druva Data Resiliency Cloud, will put our customers in an outstanding position to protect their businesses.”

For more information on program terms, conditions and eligibility, visit the Druva Data Resiliency Guarantee webpage here — http://www.druva.com/resilience-guarantee

Additional Information

  • Blog: Read more details about today’s announcement and Druva’s comprehensive guarantee
  • LinkedIn Live: Join us on August 11 for a special broadcast about today’s varied data risks, the five pillars of data resiliency, and Druva’s $10 million guarantee

About Druva
Druva enables cyber, data and operational resilience for every organization with the Data Resiliency Cloud, the industry’s first and only at-scale SaaS solution. Customers can radically simplify data protection, streamline data governance, and gain data visibility and insights as they accelerate cloud adoption. Druva pioneered a SaaS-based approach to eliminate complex infrastructure and related management costs, and deliver data resilience via a single platform spanning multiple geographies and clouds. Druva is trusted by thousands of enterprises, including 60 of the Fortune 500 to make data more resilient and accelerate their journey to cloud. Visit druva.com and follow us on LinkedIn, Twitter and Facebook.

Media Contact:
Jesse Caputo
Director of Corporate Communications
Druva Inc.
+1.516.815.2836
jesse.caputo@druva.com

Source: Druva, Inc.

 

 

The acclaimed backup and recovery solution moves to increase momentum to assist customers with ransomware recovery and expanded core functionality

MINNEAPOLIS, MN – Aug. 03, 2022 — / BackupReview.info / — CrashPlan, the industry-defining cloud backup and recovery solution, has separated from Code42 Software, Inc. (Code42) and will join the portfolio of Mill Point Capital (Mill Point). The official announcement was made today in Minneapolis, Minnesota.

Read the spin off news herehttp://www.backupreview.info/2022/08/03/code42-to-accelerate-insider-risk-management-solutions-with-crashplan-spin-off/

The move to operate CrashPlan independently began earlier this year in the face of mounting market demand for data backup and recovery driven by the permanent shift to hybrid/remote work and continued proliferation of ransomware. The deal was signed July 27, 2022, and the operational transition for CrashPlan and staff supporting the new organization will take place over the coming months.

“CrashPlan is a remarkable product, which has a unique ability to protect individuals and organizations simultaneously,” said Mason Swenson, Vice President of Product at CrashPlan. “We see strong opportunities to build on our existing features and deliver value to our customers while helping everyone sleep a little better at night.”

The decision to operate CrashPlan as its own business allows the organization to execute on an aggressive strategy to focus on and expand its backup and recovery product suite and achieve CrashPlan’s goal of protecting the world’s data from destruction, theft, loss and ransom. Moving with CrashPlan is the majority of the staff who were previously working to invent, build, deploy, support, innovate, and sell the product since its inception.

“We couldn’t be more excited to help CrashPlan, its customers, and the team grow as part of the Mill Point portfolio of companies. I’m thrilled to see what we can do together,” said Richard Summers, Partner of Mill Point Capital.

FAQ
https://crashplan.com/en-us/news-releases/july-2022-investment-frequently-asked-questions

About CrashPlan
Since its release in 2007, CrashPlan has been the byword for secure, scalable, straightforward data backup. Today, the product protects data for more than 900 enterprise organizations and over 120,000 small-business customers across the globe. CrashPlan customers rest easy with peace of mind that regardless of when, where or how they are interacting with important data, it is secured from whatever calamity may befall their device. For more information or to start a free trial, please visit crashplan.com

About Mill Point Capital
Mill Point Capital LLC is an operationally-oriented private equity firm targeting control investments in lower-middle market companies, with a focus on industrials, business services and IT services sectors in North America. Mill Point’s experienced team of investors and Executive Partners seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com

Media Contact:
Riley Bruce
Director, Marketing
riley.bruce@crashplan.com
+1-201-305-9559

Source: CrashPlan

 

 

Data Backup Business Now Owned and Operated by Mill Point Capital

Minneapolis, MN — August 3, 2022 — / BackupReview.info / — Code42 Software, Inc., the Insider Risk Management (IRM) leader, today announced that it has closed a transaction with Mill Point Capital to spin off its CrashPlan business. The new entity, to be known as CrashPlan Group (CPG), includes more than 100 employees, all CrashPlan solutions and CrashPlan customers. Code42 will use the proceeds of the transaction to accelerate the growth of the Code42 Incydr™ product and the Code42 Instructor™ microlearning solution, and further develop its team domestically and internationally.

“With today’s news, the future for both Code42 and CrashPlan Group has never looked brighter. Code42 will direct all of its focus and resources on the rapidly developing Insider Risk Management market,” said Joe Payne, president and CEO of Code42. “We’re fully confident that this transaction will bring benefits to all of our customers, with both Incydr and CrashPlan receiving additional capital, focus and innovation as a result of this transaction.”

Code42 will focus 100% of its attention on the cybersecurity market. Code42 has played a defining role in developing the vision and requirements for Insider Risk Management – a new security market now recognized by Gartner, IDC and Forrester – and is a founding member of the annual Insider Risk Summit and Insider Risk Community. Code42 offers the industry’s most comprehensive set of technologies, controls, integrations and services designed to address Insider Risk.

Code42 Incydr is a SaaS product that allows security teams to effectively mitigate data exposure and exfiltration risks without disrupting legitimate collaboration. Incydr is purpose-built to help security teams effectively manage the dynamic nature of Insider Risk – which includes prioritizing and responding appropriately to the risks that matter the most. It surfaces the top indicators of Insider Risk and gathers detailed security intelligence about file movements to trusted and untrusted locations.

Code42 Instructor is an employee security education microlearning video solution, tailor-made to reduce Insider Risk. From proactive organization-wide and department-level lessons to situation-specific persona and technology lessons and responsive user-specific lessons triggered by user activity, Instructor provides what is needed to truly change user behavior and reduce Insider Risk.

Under the terms of the agreement, Code42 and CrashPlan have agreed not to compete with each other in their respective markets. Code42 was supported during the transaction by Goodwin Proctor and Grant Thornton.

“The team leaving us today is truly excellent in every way and we will feel their absence – not just as colleagues, but as friends. The CrashPlan organization is filled with innovators, community leaders and people that care deeply about the success of their customers. CrashPlan has been an integral part of the Code42 story and I am incredibly grateful for the teams and customers who made it a success. We expect to see great things from the CrashPlan team in the future,” concluded Payne.

About Mill Point Capital
Mill Point Capital LLC is an operationally-oriented private equity firm targeting control investments in lower-middle market companies, with a focus on industrials, business services and IT services sectors in North America. Mill Point’s experienced team of investors and Executive Partners seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com

About Code42
Code42 is the leader in Insider Risk Management (IRM), offering end-to-end data loss detection and response solutions. The Code42® Incydr™ product is native to the cloud and rapidly detects data exposure, loss, leak and theft as well as speeds incident response – all without lengthy deployments, complex policy management or blocking employee productivity. Accelerating the effectiveness of Insider Risk programs are the Code42® Instructor™ microlearning solution, and Code42’s full suite of advisory services.

With Code42, security professionals can protect corporate data and reduce insider risk while fostering an open and collaborative culture for employees. Designed to meet regulatory control requirements, Code42’s IRM solution is FEDRAMP authorized and can be configured for GDPR, HIPAA, PCI and other compliance frameworks. Innovative organizations, including the fastest-growing security companies, rely on Code42 to safeguard their ideas. Founded in 2001, the company is headquartered in Minneapolis, Minnesota, and backed by Accel Partners, JMI Equity, NewView and Split Rock Partners. Code42 has played a defining role in developing a vision and requirements for the IRM category – now recognized by Gartner, IDC and Forrester – and is a founding member of the annual Insider Risk Summit and Insider Risk Community.

The company has several offices across the United States as well as an international office in London. Code42’s clients include large multinational organizations, such as Crowdstrike, Exabeam, BAYADA Home Health Care, Juniper Networks, Lending Club, MacDonald-Miller, MACOM, North Highland, Ping Identity, Shape Technologies, Snowflake, University of Georgia, User Testing, UTEX and Xactly.

Company Contact:
Kristin McKenzie
Public Relations Principal, Code42
kristin.mckenzie@code42.com
844-333-4242

Source: Code42

 

 

Launched Hybrid Cloud Data Protection Sales with IBM and Continued Managed Service Provider (“MSP”) Adoption

  • Secured first group of customers for new joint IBM/FalconStor solutions, enabling hybrid cloud data migration, backup, and restoration services for IBM Power Virtual Server Cloud (“IBM Power VS Cloud”)
  • Added three new MSP partners for the StorSafe secure backup-as-a-service solution while existing MSP partners expanded their business to protect new customers and systems, aligning with the FalconStor hybrid cloud focus
  • Continued shift to subscription- and monthly-consumption based annual recurring revenue (“ARR”) model

AUSTIN, TX – Aug. 03, 2022 — / BackupReview.info / — FalconStor Software, Inc. (OTCQB: FALC), a trusted data protection leader modernizing disaster recovery and backup for the hybrid cloud world, today announced financial results for its second quarter 2022, which ended on June 30, 2022.

“Our shift to recurring revenue-based hybrid cloud data protection solutions continued to progress in the quarter as we secured our first several hybrid cloud customers under the IBM reseller relationship we announced on May 11, 2022,” said Todd Brooks, FalconStor CEO. “IBM’s hybrid cloud push has been a centerpiece of its corporate strategy, as highlighted in its first and second quarter 2022 results. Through our expanding relationship with IBM, enterprises can now leverage new joint hybrid cloud solutions from FalconStor and IBM. These solutions are especially important to the tens of thousands of companies around the globe that leverage IBM i and AIX environments, as they now have the ability to securely backup and restore to the cloud, as well as migrate their IBM i and AIX workloads to IBM Power VS Cloud with secure backup and recovery on an on-going basis.”

“Our aggressive focus on advancing critical hybrid cloud relationships and our efforts to realign to a subscription- and monthly consumption-based recurring revenue model continue to challenge our year-over-year revenue growth as second quarter revenue was $2.4 million, compared to $3.3 million in the second quarter of 2021. However, from a sequential quarter perspective, total revenue increased to $2.4 million, compared to $2.0 million in the first quarter of 2022,” stated Brooks. “To more closely align with our current quarterly revenue level, we decreased operating expenses quarter-over-quarter by 8.8% in second quarter, and are making additional expense adjustments this quarter. Our sales pipeline for the second half of 2022 is growing, especially as it relates to our hybrid cloud initiatives. As a result, we expect sequential quarter-over-quarter revenue to continue growing over the next two quarters.”

Second Quarter 2022 Financial Results

  • Annual Recurring Revenue: 4% year-over-year growth
  • Ending Cash: $1.8 million, compared to $3.4 million in the previous quarter, and $3.7 million in the second quarter of fiscal year 2021
  • Total Revenue: $2.4 million, compared to $2.0 million in the previous quarter, and $3.3 million in the second quarter of fiscal year 2021
  • Total Cost of Revenue: $0.4 million, compared to $0.4 million in the previous quarter, and $0.4 million in the second quarter of fiscal year 2021
  • Total Operating Expenses: $2.5 million, compared to $2.7 million in the previous quarter, and $3.0 million in the second quarter of fiscal year 2021
  • GAAP Net Income (Loss): $(0.9) million, compared to $(1.1) million in the previous quarter, and $(0.4) million in the second quarter of fiscal year 2021

Guidance
Given Q1 and Q2 2022 results, we are reducing full-year 2022 guidance as follows. Revised guidance reflects continued sequential quarterly GAAP total revenue growth, and GAAP Net Income positive results in Q3 and Q4 2022:

2022 Guidance
Guidance (in $ millions) Low High
Total Revenues

10.0

12.0

Adjusted EBITDA *

-0.5

1.2

%

-5

%

10

%

Net Income

-1.8

-0.5

%

-18

%

-4

%

*Adjusted EBITDA adds back Depreciation, Amortization, Restructuring, Severance, Board expenses, Stock Based Compensation as well as Non-Operating Expenses including Income Taxes and Interest & Other Income Expenses

Please click this link to see the accompanying financial chartshttps://www.falconstor.com/investor-relations/falconstor-software-announces-second-quarter-of-2022-results/#sheets

Conference Call and Webcast Information

WHO: Todd Brooks, Chief Executive Officer, FalconStor and Vincent Sita, Chief Financial Officer, FalconStor

WHEN: Wednesday, August 3, 2022, 4:00 PM Central; 5:00 PM Eastern

To register for our earnings call, please click the following link:

FALCONSTOR SECOND QUARTER 2022 FINANCIAL TELECONFERENCE AND PRESENTATION

As an alternative, you can copy and paste the following link into your web browser to register:

https://register.gotowebinar.com/register/5419515227960883215

Conference Call:
Please dial the following if you would like to interact with and ask questions to FalconStor hosts:
Toll Free: 866-901-6455
Access Code: 859-295-195

Non-GAAP Financial Measures
The non-GAAP financial measures used in this press release are not prepared in accordance with generally accepted accounting principles and may be different from non-GAAP financial measures used by other companies. The Company’s management refers to these non-GAAP financial measures in making operating decisions because they provide meaningful supplemental information regarding the Company’s operating performance. In addition, these non-GAAP financial measures facilitate management’s internal comparisons to the Company’s historical operating results and comparisons to competitors’ operating results. We include these non-GAAP financial measures (which should be viewed as a supplement to, and not a substitute for, their comparable GAAP measures) in this press release because we believe they are useful to investors in allowing for greater transparency into the supplemental information used by management in its financial and operational decision-making. The non-GAAP financial measures exclude (i) depreciation, (ii) amortization, (iii) restructuring expenses, (iv) severance expenses, (v) board expenses, (vi) stock based compensation, (vii) non-operating expenses (income) including income taxes and interest & other expenses (income). For a reconciliation of our GAAP and non-GAAP financial results, please refer to our Reconciliation of Net income (Loss) to Adjusted EBITDA presented in this release.

About FalconStor Software
FalconStor is the trusted data protection software leader modernizing disaster recovery and backup operations for the hybrid cloud world. The Company enables enterprise customers and managed service providers to secure, migrate, and protect their data while reducing data storage and long-term retention costs by up to 95%. More than 1,000 organizations and managed service providers worldwide standardize on FalconStor as the foundation for their cloud first data protection future. Our products are offered through and supported by a worldwide network of leading managed service providers, systems integrators, resellers, and original equipment manufacturers.

FalconStor and FalconStor Software are trademarks or registered trademarks of FalconStor Software, Inc., in the U.S. and other countries. All other company and product names contained herein may be trademarks of their respective holders.

Links to websites or pages controlled by parties other than FalconStor are provided for the reader’s convenience and information only. FalconStor does not incorporate into this release the information found at those links nor does FalconStor represent or warrant that any information found at those links is complete or accurate. Use of information obtained by following these links is at the reader’s own risk.

Contacts
FalconStor Software Inc.
Vincent Sita
Chief Financial Officer
investorrelations@falconstor.com

CONTACT AROUND THE GLOBE

Corporate Headquarters
501 Congress Avenue
Suite 150
Austin, Texas 78701
Tel: +1.631.777.5188
salesinfo@falconstor.com

Europe Headquarters
GERMANY
Landsberger Straße 302
80687 München, Germany
salesemea@falconstor.com

Source: FalconStor

 

 

Sachin Shetty will manage operations in India to help accelerate growth for the team in the region

MUMBAI, India, and MOUNTAIN VIEW, CA – August 03, 2022 — / BackupReview.info / — Egnyte, the most secure platform for content collaboration and governance, today announced the appointment of Sachin Shetty as the Head of India, effective immediately. Shetty will lead all operations in the region, where Egnyte has more than 100 employees in engineering, product, and marketing.

A seasoned engineer with more than 20 years of experience in leadership roles across large technology organizations, Shetty has expertise in designing, building, and scaling highly distributed systems. Working with Egnyte for twelve years as a Distinguished Engineer, Shetty has been instrumental in building the Egnyte product stack and bringing together teams to innovate on what is next for the company.

“Since the early days at Egnyte, Sachin has been a significant player in helping to bring the Egnyte vision to life,” said Vineet Jain, Chief Executive Officer and Co-founder at Egnyte. “His hands-on experience building the product makes him the right person to develop the Egnyte brand in the region, in addition to leading a team that will get us to the next level of content security.”

Expanding in India over the last year, Egnyte is looking to increase investment in the region to help scale the product and meet growing market needs. Egnyte offers a remote-work model in the region, offering teams the flexibility to “work from anywhere.” Shetty was one of the first Egnyte employees to relocate to India to help grow the team.

“Egnyte was ahead of the curve in India with remote work, which allowed us to build a strong team of engineers to deliver on our product,” said Shetty. “I have an incredible opportunity to now lead this team during our next phase of growth and deliver a product that helps teams like ours collaborate securely no matter where they are.”

Additional Resources

  • Follow Egnyte on Twitter: www.twitter.com/Egnyte
  • Join Egnyte on Facebook: www.facebook.com/Egnyte
  • Connect with Egnyte on LinkedIn: https://www.linkedin.com/company/egnyte/

About Egnyte
Egnyte provides a unified content security and governance solution for collaboration, data security, compliance, and threat detection for multicloud businesses. More than 16,000 organizations trust Egnyte to reduce risks and IT complexity, prevent ransomware and IP theft, and boost employee productivity on any app, any cloud, anywhere. Investors include GV (formerly Google Ventures), Kleiner Perkins, Caufield & Byers and Goldman Sachs. For more information, visit www.egnyte.com

Global Press & Media Contact
Brittany Carambio
Director of Corporate Marketing
Phone: 301-678-3412
Email: media@egnyte.com

Source: Egnyte

 

 

SANTA CLARA, Calif. – Aug. 03, 2022 — / BackupReview.info / — Veritas Technologies, a leader in multi-cloud data management, today announced it has been named a Leader in the Gartner Magic Quadrant for Enterprise Backup and Recovery Software Solutions for the 17th time.1 Veritas believes this recognition further validates the company’s investment and commitment to delivering a rapid pace of innovation and the most advanced solutions to protect and recover the critical data of the world’s largest enterprises.

Enterprises are facing the unparalleled challenge of managing unprecedented data growth across increasingly complex multi-cloud environments, leading to larger attack surfaces and increasing ransomware threats – one of the biggest business risks today. Veritas is uniquely positioned to address this challenge.

Veritas continues to drive innovation as it executes on its vision for delivering Autonomous Data Management, where data is protected invisibly and automatically without sacrificing human oversight. NetBackup 10 is the industry’s first cloud-optimized, highly scalable data protection solution that uses AI and automation, enabling IT to shift its focus from day-to-day business operations to driving transformation.

Benefits of the solution include:

  • Automated operations: Dynamic cloud autoscaling, intelligent cloud policies, and AI-based anomaly detection help to maximize efficiency and security with minimal oversight.
  • Cloud-native architecture: Veritas’ rearchitected NetBackup technology stack integrates new Cloud Scale Technology to provide a unified, cloud-optimized, secure experience across on-premises, hybrid and multi-cloud environments. It combines cloud-native snapshots with elastic deduplication and lifecycle management capabilities to significantly reduce total cost of ownership.
  • Cybersecurity: NetBackup delivers a multi-layered approach to security providing unparalleled ransomware resiliency in the face of an attack, including immutable storage, malware scanning and automated, orchestrated recovery with a single click.
  • Flexibility: NetBackup provides multiple deployment options for customers delivering the flexibility to choose the ideal solution for their unique requirements and use cases. Options include software only, appliances and SaaS solutions.
  • Global reach: Veritas supports large enterprises on a global scale with a strong partner ecosystem, enabling an advanced customer experience across geographies.

Deepak Mohan, executive vice president of products at Veritas, said: “As enterprises continue to advance their multi-cloud strategies, it is now more important than ever that they deploy an Autonomous Data Management solution that automatically finds and protects data, no matter where it lives, all without human involvement to increase efficiency and reduce complexity. Veritas is continuously innovating and executing to transform the future of data management with autonomous, cloud-optimized solutions. We believe that being recognized as a Leader in the Gartner Magic Quadrant for Enterprise Backup and Recovery Software Solutions further corroborates our strategy and ongoing dedication to protecting our customers’ critical data consistently and efficiently across any cloud at any scale.”

A complimentary copy of the full 2022 Gartner Magic Quadrant for Enterprise Backup and Recovery Software Solutions report can be found here — https://www.veritas.com/form/whitepaper/gartner-mq-data-center-backup

1Previous titles include Magic Quadrant and Datacenter Backup and Recovery Solutions (2020-2019), Magic Quadrant for Enterprise Backup Software and Integrated Appliances (2014-2015), Magic Quadrant for Enterprise Backup/Recovery Software (2011-2013), Enterprise Backup and Restore Magic Quadrant (2001, 2003-2005), Enterprise Backup Vendor Magic Quadrant (1999-2000). From 2005-2015, Veritas Technologies was known as Symantec.

Gartner, Magic Quadrant for Enterprise Backup and Recovery Software Solutions, Michael Hoeck, Nik Simpson, Jerry Rozeman, Jason Donham, 28 July 2022.

Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER and Magic Quadrant are registered trademarks and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

About Veritas
Veritas Technologies is a leader in multi-cloud data management. Over 80,000 customers—including 95% of the Fortune 100–rely on us to help ensure the protection, recoverability, and compliance of their data. Veritas has a reputation for reliability at scale, which delivers the resilience its customers need against the disruptions threatened by cyberattacks, like ransomware. No other vendor is able to match Veritas’ ability to execute, with support for 800+ data sources, 100+ operating systems, 1,400+ storage targets, and 60+ clouds through a single, unified approach. Powered by our Cloud Scale Technology, Veritas is delivering today on its strategy for Autonomous Data Management that reduces operational overhead while delivering greater value. Learn more at www.veritas.com. Follow us on Twitter at @veritastechllc.

Veritas and the Veritas Logo are trademarks or registered trademarks of Veritas Technologies LLC or its affiliates in the US and other countries.

Contacts
PR Contacts
Corporate
Lela Gradman
Lela.Gradman@veritas.com

International
Tony Murrant-Patrick
Tony.MurrantPatrick@veritas.com

Source: Veritas Technologies, Inc.

 

 

Rubrik achieved the furthest overall position in Completeness of Vision for third year in a row

PALO ALTO, Calif. – Aug. 03, 2022 — / BackupReview.info /– Rubrik, the Zero Trust Data Security™ Company, today announced that it has been positioned by Gartner as a Leader in the 2022 Magic Quadrant for Enterprise Backup and Recovery Software Solutions. Rubrik also achieved the furthest overall position in Completeness of Vision for the third year in a row. The evaluation was based on specific criteria that analyzed the company’s overall Completeness of Vision and Ability to Execute. According to the report, “Leading vendors have built capabilities to detect ransomware by monitoring behavioral anomalies of protected data and are adding malware detection provided by partnering with security vendors or by developing these capabilities in-house.”

Rubrik continues to be the pioneer in Zero Trust Data Security, recently announcing Rubrik Security Cloud to secure customers’ data, wherever it lives, across enterprise, cloud, and SaaS. Delivering three unique capabilities – Data Resilience, Data Observability, and Data Recovery – Rubrik Security Cloud is powered by machine learning to automatically protect data from cyber attacks, continuously monitor data risks, and quickly recover data and applications. The company currently has over 2,500 employees in 18 countries supporting customers in various industries around the world. Rubrik has also been recognized on the Forbes Cloud 100 list of the world’s top private cloud companies in 2021, 2020, and 2019, and was recently named a Hot Company in Data Security at the 2022 Global InfoSec Awards.

As stated by Gartner, “Protecting hybrid, SaaS and multicloud environments, preparing for ransomware attacks, and the need to simplify backup and data management are forcing I&O leaders to rearchitect their backup infrastructure and explore other solutions.”

“Our economy and our digital lives are under attack as ransomware grows in sophistication and frequency every day. Data security is now essential for every organization to ensure their business won’t come to a halt when their data is compromised,” said Bipul Sinha, CEO and co-founder of Rubrik. “We are on a mission to secure the world’s data and deliver business resiliency for every customer. With Rubrik, organizations are ready to quickly recover their data and applications, keeping their business running in the face of any type of cyber attack.”

Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables you to get the most from market analysis in alignment with your unique business and technology needs.

View a complimentary copy of the Magic Quadrant report to learn more about Rubrik’s strengths and cautions, among other provider offerings, at:

  • English: https://www.rubrik.com/lp/Analyst-Reports/gartner-mq
  • German: https://www.rubrik.com/de/lp/Analyst-Reports/gartner-mq
  • French: https://www.rubrik.com/fr/lp/Analyst-Reports/gartner-mq
  • Italian: https://www.rubrik.com/it/lp/Analyst-Reports/gartner-mq
  • Japanese: https://www.rubrik.com/ja/lp/Analyst-Reports/gartner-mq

Additional resources

  • Blog: Rubrik Named a Leader in the 2022 Gartner® Magic Quadrant™ for Enterprise Backup and Recovery Software Solutions
  • Case Studies: Becoming Unstoppable Against Ransomware
  • Defend Data Integrity with Zero Trust Architecture

Gartner disclaimer
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Rubrik
Rubrik is a cybersecurity company. We are the pioneer in Zero Trust Data Security™. Companies around the world rely on Rubrik for business resilience against cyber attacks, malicious insiders, and operational disruptions. Rubrik Security Cloud, powered by machine intelligence, enables our customers to secure data across their enterprise, cloud, and SaaS applications. We automatically protect data from cyber attacks, continuously monitor data risks, and quickly recover data and applications.

For more information please visit www.rubrik.com and follow @rubrikInc on Twitter and Rubrik, Inc. on LinkedIn.

Contact
Kelsey Shively
Sr. Director of Global Communications, Rubrik
kelsey.shively@rubrik.com

Source: Rubrik

 

 

Veeam named by Gartner as a Magic Quadrant Leader and positioned Highest in Ability to Execute three years in a row

COLUMBUS, OH – August 3, 2022 — / BackupReview.info / — Veeam® Software, the leader in backup, recovery and data management solutions that deliver Modern Data Protection, today announced it has been positioned by Gartner, Inc. in the Leaders quadrant of the 2022 Magic Quadrant for Enterprise Backup and Recovery Solutions. Not only does this mark the sixth consecutive time Gartner has recognized Veeam as a Magic Quadrant Leader, but it is the third consecutive year Veeam is positioned highest overall in ability to execute. With over $1 billion in annual bookings and 450,000+ customers of all sizes and locations, Veeam continues to provide its diverse community with the most advanced data protection across all environments – Cloud, Virtual, Physical, SaaS and Kubernetes – plus the highest levels of customer and partner support.

“Veeam continues on an amazing growth trajectory, reporting its 18th consecutive quarter of double-digit growth with an annual recurring revenue (ARR) increase of 22% year-over-year (YoY), on a constant currency basis, for Q2’22,” said Danny Allan, CTO and Senior Vice President of Product Strategy at Veeam. “Now a Magic Quadrant Leader for the sixth time in a row, we believe our innovation and ability to execute validates our solid standing as the #1 trusted provider of modern data protection. Over the past year, Veeam has unveiled more than 30 product updates including Veeam Backup & ReplicationTM v11a which includes cloud-native solutions to protect data across AWS, Azure and Google Cloud. We continue to set the very highest product standards and respond to customer demands for redefining security, achieving resiliency and delivering future-ready solutions.”

Consistent innovation and product-led growth were recently on full display at VeeamON 2022, the Modern Data Protection Conference of the Year. Veeam demonstrated key innovations expected in 2H’22 of cloud-native solutions (for AWS, Azure and Google Cloud) and SaaS offerings (Microsoft 365 and Salesforce), as well as deeper integration of Kasten by Veeam K10 for Kubernetes protection and, of course, the highly anticipated Veeam Backup & Replication™ v12.

Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The report included analysis of 14 enterprise data backup and recovery solutions vendors. Access the full report here: https://www.veeam.com/2022-gartner-magic-quadrant.html

For more information, visit https://www.veeam.com

Supporting Quotes
“As a leading international manufacturer of military and business jets, we needed a world-class data management platform to protect our virtual and physical environments, ensuring that enterprise applications are always operational. Veeam helped to design our next-generation datacenter to create a more simplified and streamlined approach, which will reduce costs and increase productivity. Veeam is also our trusted advisor, allowing us to take advantage of the enhanced NAS backup features and latest AIX Agent capabilities, meaning that our data is always protected and will enable us to continue pioneering new prototype aircraft for our customers across the globe.” – Stéphane Ardouin, Platform Technical Architecture Team Lead, Dassault Aviation

“Our IT priorities are simplification, centralization, cloud migration, cost reduction and optimization. We looked for a backup solution that would match our priorities and offer scalability, license portability and hardware and storage neutrality. We didn’t have to look far because Veeam set the gold standard.” – Frank Buiskool, Hosting and Cloud Operations Manager, Canon Europe

“Even though the Veeam solution is really easy to use, we don’t have to compromise on functionality: we can protect our VMs and physical servers from data loss and cyberattacks from a single point of control.” – Maria Fricher, Systems and Architecture Technology Team, Naturgy

“It was time to bring backup on-premises. We also wanted workload portability for cloud integration and backup immutability for ransomware protection. We considered Symantec NetBackup because some of us had used it before, but we had also used Veeam, and we knew Veeam would fit the bill.” – David Loveless, Infrastructure Manager, Admiral

Gartner Disclaimer:
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved

About Veeam Software
Veeam® is the leader in backup, recovery and data management solutions that deliver Modern Data Protection. The company provides a single platform for Cloud, Virtual, Physical, SaaS and Kubernetes environments. Veeam customers are confident their apps and data are protected from ransomware, disaster and harmful actors and always available with the most simple, flexible, reliable and powerful platform in the industry. Veeam protects 450,000 customers worldwide, including 81% of the Fortune 500 and 70% of the Global 2,000. Headquartered in Columbus, Ohio, with offices in more than 30 countries, Veeam’s global ecosystem includes 35,000+ technology partners, resellers and service providers and alliance partners. To learn more, visit https://www.veeam.com or follow Veeam on LinkedIn @veeam-software and Twitter @veeam.

Contact:
Veeam Software
Director, Global Public Relations
Heidi Monroe Kroft, 614-339-8200 x8309

Source: Veeam

 

 

Company Positioned as a Visionary for the Second Consecutive Year in the 2022 Gartner® Magic Quadrant™ for Enterprise Backup and Recovery Software Solutions

SANTA CLARA, Calif. ? August 03, 2022 — / BackupReview.info / — Druva Inc. today announced it has been positioned by Gartner as a Visionary in the 2022 Gartner Magic Quadrant for Enterprise Backup and Recovery Software Solutions for the second consecutive year.¹ Druva was recognized for its Ability to Execute and Completeness of Vision and believes this year’s inclusion further validates the company’s innovative, SaaS-based approach to data protection that frees customers from hardware, software, and management.

Global organizations today are facing unprecedented challenges. While economic uncertainties and supply chain disruptions continue to exacerbate hardware availability, millions of IT positions remain unfilled due to a lack of skilled talent, leaving IT organizations with limited resources. Combined with advancing cyber threats, businesses need a more efficient, cost-effective approach to protect their critical data.

Delivering a mature, at-scale SaaS solution, the Druva Data Resiliency Cloud helps organizations minimize these challenges and gain greater control over their data through a secure, simplified approach. Additionally, Druva’s data management capabilities improve visibility and maximize storage efficiencies, while its consumption-based licensing enables organizations to reduce costs and scale needs on demand. When combined with its industry-leading approach to security, Druva helps thousands of leading organizations advance their data, cyber and operational resilience.

“Almost a decade ago, Druva recognized the potential of disrupting a hardware-based business model with a radically simple SaaS platform built completely in the cloud,” said Jaspreet Singh, founder and CEO, Druva. “Since then, we have continued to introduce industry-first innovations that enhance business agility with zero complexity or infrastructure cost. We feel this recognition is a testament to all the hard work our team has accomplished, and is further validation of the shifting landscape before us. Simplicity, visibility, time to value and cost savings are key to the future of data protection, and we are ready to meet these needs through the Data Resiliency Cloud.”

Customers Reduce TCO by 50% and Achieve Faster Time to Value with the Druva Data Resiliency Cloud: 

  • Best IT Decision I Have Ever Made – “Deploying Druva backup solution was the easiest backup deployment I have ever done. The administration and setup was easy and the interface relatively intuitive. I have performed several restores with no issues. Expansion of backup sets is very easy as well. Choosing Druva was one of the best IT decisions I have ever made.”
  • Fast, Efficient, Affordable Backup Solution – “Druva was so easy and fast to implement. Restores have been very easy to trigger when necessary. Product is constantly being updated. Really happy with our decision to go with Druva.”
  • Data Protection Without Additional Hardware Dependence – “Druva enables us to properly backup our on premise VMware environment without the need to grow our on premise footprint to support backups. When we acquire a new company, we can get their systems protected with Druva in a day.”

View a complimentary copy of the Magic Quadrant report to learn more about Druva Data Resiliency Cloud’s strengths and cautions, among other provider offerings, here — https://go.druva.com/Report-2022-Gartner-Magic-Quadrant.html

Additional Information 

  • Free Trial: Register for a 30-day free trial of the Druva Data Resiliency Cloud 
  • Customer Reviews: See what customers are saying about Druva on Gartner Peer Insights

¹Gartner, “Magic Quadrant for Enterprise Backup and Recovery Software Solutions,” Nik Simpson, Michael Hoeck, Jerry Rozeman, Jason Donham, 29 July 2022.

Gartner Disclaimer:
GARTNER and Magic Quadrant are registered trademarks and service marks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.

Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Druva
Druva enables cyber, data and operational resilience for every organization with the Data Resiliency Cloud, the industry’s first and only at-scale SaaS solution. Customers can radically simplify data protection, streamline data governance, and gain data visibility and insights as they accelerate cloud adoption. Druva pioneered a SaaS-based approach to eliminate complex infrastructure and related management costs, and deliver data resilience via a single platform spanning multiple geographies and clouds. Druva is trusted by thousands of enterprises, including 60 of the Fortune 500 to make data more resilient and accelerate their journey to cloud. Visit druva.com and follow us on LinkedIn, Twitter and Facebook.

Media Contact:
Jesse Caputo
Director of Corporate Communications
Druva Inc.
+1.516.815.2836
jesse.caputo@druva.com

Source: Druva

 

 

TINTON FALLS, NJ – Aug. 3, 2022 — / BackupReview.info / — Commvault, a global enterprise leader in cloud data management, today announced that it has been positioned by Gartner as a “Leader” in its most recent report: “2022 Gartner Magic Quadrant for Enterprise Backup and Recovery Software Solutions.”¹

The 2022 Gartner Magic Quadrant evaluates vendors based on a range of factors, including completeness of vision and ability to execute.

As enterprise IT organizations are faced with challenges such as ransomware attacks, rampant data proliferation, rising security threats, and resource limitations, they need solutions that not only protect against these threats, but also detect them before they happen. As a result, customers are turning to Commvault to mitigate risk with its integrated software and SaaS solution for air-gapped ransomware protection. Additionally, Commvault expanded its portfolio to include Threatwise™ which gives customers extended end-to-end proactive and responsive ransomware protection.

“We know CIOs are keeping data protection top of mind, especially as adoption of hybrid solutions continue to accelerate in the enterprise,” said Rangaraaj Rajagopalan, Vice President of Products, Commvault. “We are helping these organizations consolidate their data management, simplify and reduce IT spend while protecting their most precious asset. Their data. Nobody has the workload breadth and depth to manage this across the entire data estate like Commvault and the best part is we enable this today. We believe this is why Gartner continues to recognize us as a Leader.”

Commvault continues to expand its offerings with its broad partner ecosystem to engineer and deliver solutions designed to change the face of the hybrid cloud for customers. Most recently, Commvault partnered with Oracle to include Metallic Data Management as a Service (DMaaS) on Oracle Cloud. As part of Commvault’s multi-cloud strategy, Metallic’s industry-leading services will be offered on Oracle Cloud Infrastructure (OCI) and available in all commercial OCI regions globally.

To read the 2022 Gartner Magic Quadrant for Enterprise Backup and Recovery Software Solutions report, visit: https://www.commvault.com/itleaders

Gartner Disclaimer:
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER and Magic Quadrant are registered trademarks and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

About Commvault
Commvault (NASDAQ: CVLT) is a global leader in data management. Our Intelligent Data Services help your organization do amazing things with your data by transforming how you protect, store, and use it. We provide a simple and unified Data Management Platform that spans all your data – regardless of where it lives (on-premises, hybrid, or multi-cloud) from legacy to modern workloads). Commvault solutions are available through any combination of software subscriptions, integrated appliances, partner-managed, or Software-as-a-Service via our Metallic portfolio. Over 25 years, more than 100,000 customers have relied on Commvault to keep their data secure, assessable, and ready to drive business growth. Learn more at www.Commvault.com or follow us @Commvault.

1 – Gartner, “Magic Quadrant for Enterprise Backup and Recovery Software Solutions” [Michael Hoeck, Nik Simpson, Jerry Rozeman, Jason Donham, August 1, 2022]

Contact:
Miranda Foster
Commvault PR
+1.732.728.5378
mfoster@commvault.com

Source: Commvault

 

 

BOSTON, MA – Aug. 2, 2022 — / BackupReview.info / — Wasabi Technologies, the hot cloud storage company, announced today that CRN®, a brand of The Channel Company, has recognized CEO David Friend on its 2022 Top 100 Executives list in the Innovators category. CRN acknowledges forward-thinking and innovative technology leaders like David Friend on this annual list, who have proven their commitment and dedication to the channel through solution-provider-focused strategies and a willingness to take bold steps despite market unpredictability.

CRN’s Top 100 Executives list shines a light on the executives who are shaking up the status quo, supporting channel partners, and placing big bets on where the market is headed next. CRN commends these visionaries across four sub-categories: the 25 Most Influential Executives, Top 25 Channel Sales Leaders, Top 25 Innovators and Top 25 Disruptors. Each sub-category has its own set of strengths that positively impact the IT channel.

Friend co-founded Wasabi in 2015 to disrupt cloud data storage with more affordable, predictable pricing and performance. A successful entrepreneur, he also co-founded one of the world’s leading backup companies Carbonite, as well as four other companies including Pilot Software, Faxnet and Sonexis. His forward-looking approach to strategic partnerships has helped the IT channel play a critical role in Wasabi’s international growth and business strategy. The company now boasts 12,000 partners and 13 storage regions across North America, Europe, and Asia Pacific.

“By focusing on just one thing – cloud storage – we’re able to deliver a best-in-class solution that is more affordable and higher performing than the competition so that we can power our partners’ success,” said Friend. “As the world’s data moves to the cloud, our mission is to help our partners capitalize on this once-in-a-lifetime market opportunity. Being recognized as a CRN top 100 executive is a testament to that,” said Friend.

“Winning leaders embrace innovation while going all-in with partners in their commitment to accelerating business growth and digital transformation for their customers,” said Blaine Raddon, CEO of The Channel Company. “Their exceptional vision, know-how and execution contributed significantly to the strength of their companies, partners, customers, and the IT channel as a whole. Congratulations to all included on the CRN 2022 Top 100 Executives list for successfully bringing channel-focused innovation to the market, enabling new growth opportunities, and producing one channel success story after another.”

The Top 100 Executives list will be featured in the August 2022 issue of CRN Magazine and online at www.CRN.com/Top100

About Wasabi Technologies
Wasabi provides simple, predictable and affordable hot cloud storage for businesses all over the world. It enables organizations to store and instantly access an unlimited amount of data at 1/5th the price of the competition with no complex tiers or unpredictable egress fees. Trusted by tens of thousands of customers worldwide, Wasabi has been recognized as one of technology’s fastest-growing and most visionary companies. Created by Carbonite co-founders and cloud storage pioneers David Friend and Jeff Flowers, Wasabi has secured nearly $275 million in funding to date and is a privately held company based in Boston. Wasabi is a Proud Partner of the Boston Red Sox, and the Official Cloud Storage Partner of Liverpool Football Club and the Boston Bruins.

Follow and connect with Wasabi on Twitter, Facebook, Instagram, and The Bucket.

About The Channel Company
The Channel Company enables breakthrough IT channel performance with our dominant media, engaging events, expert consulting and education, and innovative marketing services and platforms. As the channel catalyst, we connect and empower technology suppliers, solution providers, and end users. Backed by more than 30 years of unequalled channel experience, we draw from our deep knowledge to envision innovative new solutions for ever-evolving challenges in the technology marketplace. www.thechannelcompany.com

Follow The Channel Company: Twitter, LinkedIn, and Facebook.

© 2022 The Channel Company, LLC. CRN is a registered trademark of The Channel Company, LLC. All rights reserved.

The Channel Company Contact:
Jennifer Hogan
The Channel Company
jhogan@thechannelcompany.com

Wasabi Technologies PR contact:
David Huerta
J-Spin for Wasabi
wasabi@jspin.co.jp

Source: Wasabi Technologies, Inc.

 

 

Databarracks appoints former resilience & security consultant and military leader

LONDON, UK – Aug. 02, 2022 — / BackupReview.info / — Chris Butler has joined Databarracks as Managing Consultant to lead its resilience and continuity functions.

Chris is a Fellow of the Institute for Leadership and Management, a Member of the Business Continuity Institute and a Certified Information Security Manager. He is also a certified Executive Coach and Mentor with the Institute of Leadership and Management.

Following 20 years as an Army officer, with numerous leadership positions within military aviation, Chris became a resilience and security consultant. He has worked within the UK high hazard energy sector, supporting leadership teams in the UK nuclear sector, from board level down to the operational front line in nuclear power plants.

Most recently, he was the Lead Principal Consultant for Resilience and Security at Sungard Availability Services.

Chris Butler commented: “Databarracks combines an innovative approach to resilience with an incredible reputation for service.

“It is an exciting time in resilience. Awareness has never been greater following the pandemic and its numerous secondary impacts. At the same time, the ways we make our organisations resilient are changing.

“Technology is improving productivity and enables our people to work remotely and effectively. The other side of that coin is that the increased reliance on technology makes the rapidly growing cyber risk even greater.

“BC, Risk, Cyber, IT and operations can no longer work independently of each other. They need to be in lockstep with the Board for a truly holistic approach to resilience.

“We will be delivering modern resilience services, making organisations secure and able to withstand whatever situation they face. It’s about being able to thrive and succeed.”

Barnaby Mote, Managing Director of Databarracks also commented: “We’re thrilled to have Chris join us at such an exciting time for both Databarracks and the industry. We share a vision of the future of resilience and the enthusiasm to build and deliver these services.

“The combination of his skillsets with his military background, provides him with the knowledge, credibility, and confidence to advise boards around the key psychological and behavioural drivers for crisis leadership. That expertise is vital to help executives lead their businesses into a more agile and resilient future.”

About Databarracks
Databarracks is the global leader in Public Cloud continuity.

In 2003, we launched one of the world’s first managed Backup services to bring indestructible resilience to mission critical data.

Today, we deliver award-winning IT resilience and continuity services. We help organisations get the most out of the cloud and protect their data, wherever it lives.

And we back this up with unbeatable support. There’s no such thing as ‘above and beyond’ for our engineers because they only work to one standard: to keep your systems running perfectly.

Enterprise-class continuity, security and resilience. Accessible for all.

Press Contacts
Avinash Nandra/Alex Henderson
Spreckley Partners Ltd
Email: databarrackspr@spreckley.co.uk
Tel: +44 (0) 207 388 9988

Source: Databarracks

 

 

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