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Round Will Finance First of its Kind SaaS Channel Compensation Model
MOUNTAIN VIEW, Calif. – Feb. 18, 2015 – /BackupReview.info/ – Axcient, the leader in cloud-based Recovery-as-a-Service (RaaS), today announced $25 million in funding, further validating the demand for its powerfully simple Business Recovery Cloud platform. Analysts expect the RaaS market to explode over the next several years, projecting compound annual growth of 56 percent, and Axcient is the recognized leader by top industry analysts.
Axcient will use the round to invest in sales and marketing, and to finance the industry-first reseller compensation program, SaaS:FLO. In addition, Axcient expects to nearly double its R&D team to continue to drive innovation on its flagship Business Recovery Cloud.
Axcient’s recent corporate, customer and product milestones include:
Axcient is re-architecting the way companies protect, access, and recover data and applications by delivering a Business Recovery Cloud that is powerfully simple. Developed in the cloud, for the cloud, the Axcient Business Recovery Cloud goes beyond backup and mirrors an organization’s entire business in the cloud, including emails, files, applications, operating systems and all of the interconnected elements of a network, to ensure that core business functions are never interrupted.
“Our momentum is accelerating as companies continue to realize the business advantages of the cloud,” said Justin Moore, CEO at Axcient. “The participation of our existing investors, is a strong validation of our technology, the opportunity ahead of us and our business model. We’ll be using the funding to expand our sales and marketing teams to meet the strong customer demand, and we’ll also be building out a new channel strategy and partner program in the immediate future that will significantly change the way SaaS is sold.”
“There is a new wave of cloud companies shaking up the market and we focus on investing in market leaders,” said Will Quist, Managing Director at Industry Ventures. “Axcient continues to lead the industry through its focus on technology innovation and by providing real business value that traditional on-premise hardware and software solutions cannot match. Today, every organization needs to have a plan in place if their IT infrastructure fails. We are extremely excited about Axcient’s new SaaS:FLO compensation model. It is a game-changer that will transform the way SaaS and cloud are sold through the VAR channel.”
Tweet this: .@Axcient raises $25M in funding for Business Recovery Cloud http://bit.ly/1La4jiU #disasterrecovey #DR #RaaS #DRaaS
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