CloudEndure Announces $7 Million Investment Round From Infosys and Magma

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Editor’s Note: A related press release by Infosys is pasted below.

Funding to Support Increased Demand for CloudEndure’s Live-Migration and Disaster Recovery Solutions

NEW YORK, NY – December 09, 2015 — /BackupReview.info/ — CloudEndure, a provider of live-migration and disaster recovery solutions, has announced that it has closed a round of funding in the amount of $7 million dollars. Infosys, a leading information technology services provider working with the world’s leading enterprises, co-led the round, along with previous investor, Magma Venture Partners. The new capital will enable CloudEndure to scale its sales and marketing operations to meet increasing demand for its enterprise-grade Disaster Recovery (DR) solution.

Market demand continues to grow for a new and emerging generation of DR solutions that can reap the benefits of the cloud and replace aging and legacy-based DR solutions. According to leading research firms, by 2020, 90% of disaster recovery operations will run in the cloud.

CloudEndure helps companies solve the problem of downtime without the on-going high costs typically associated with traditional DR approaches. The company uniquely offers live migration and disaster recovery from any platform into and across clouds.

2015 was a year of significant growth, with CloudEndure adding Fortune 1,000 companies, and expanding its sales channel with over 70 partners worldwide.

“Many leading enterprises look to Infosys for guidance and implementation services associated with large-scale infrastructure transformation projects. We are excited by CloudEndure’s enterprise grade cloud migration and disaster recovery solution, which has been built from the ground up for a multi-cloud world. We believe this will provide enterprises a way to improve operational agility at lower cost,” stated Jake Klein, Vice President of Corporate Development & Ventures, at Infosys.

“We are excited to announce this investment and validation from Infosys and our existing investors,” stated Ofer Gadish, CEO of CloudEndure. “This new capital will enable us to scale our efforts to meet increased demand from enterprise companies seeking a new generation of DR solutions. We’ll also continue to innovate and extend our solution to meet the dynamic needs of our growing customer base.”

About Infosys
Infosys is a global leader in consulting, technology, outsourcing and next-generation services. We enable clients, in more than 50 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence. Visit www.infosys.com to see how Infosys (NYSE: INFY), with US$ 8.7 billion in annual revenues and 187,000+ employees, is helping enterprises renew themselves while also creating new avenues to generate value.

About Magma Venture Partners
Magma is a leading venture capital firm founded in 1999 with over $500 million under management. Magma specializes in investments in early stage companies developing innovative technologies in sectors such as Software/Platform/Infrastructure as a service (SaaS, PaaS, IaaS), data storage, cyber security, internet, mobile, cloud and new media. Magma focuses on Israeli-related opportunities and helps to build companies that target global markets and create industry leading success stories. Notable exits include: Waze (acquired by Google), Onavo (acquired by Facebook), Provigent (acquired by Broadcom), Wintegra (acquired by PMC-Sierra), DesignArt (acquired by Qualcomm) and others. For more information, please visit www.magmavc.com.

About CloudEndure
CloudEndure provides Cloud Migration and Cloud Disaster Recovery for any application, allowing companies to mobilize entire applications with their data to and across clouds with near zero downtime and no data loss. CloudEndure enables truly consistent, block-level, real-time replication using continuous data protection. Founded in 2012, CloudEndure’s Cloud Workload Mobility technology creates an exact copy of the entire application at an alternative cloud location — at the touch of a button, within minutes, and with the latest data. CloudEndure supports physical, virtualized or cloud-based applications as the source and Amazon Web Services (AWS), Google Cloud Platform, Microsoft’s Azure and OpenStack as target cloud locations. For more information, please visit www.cloudendure.com.

Press Contact:
Carmen Hughes
Ignite Public Relations
Carmen@ignitepr.com
+1.650.576.6444

Source: CloudEndure

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A related press release by Infosys is found below:

Infosys Invests in CloudEndure

BANGALORE, INDIA – December 9, 2015 — /BackupReview.info/ — Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services, today announced that it has made an investment of USD 4 million in CloudEndure, a startup that provides Cloud Migration and Cloud-based Disaster Recovery (DR) software.

Many leading enterprises look to Infosys for guidance and implementation services associated with large-scale infrastructure transformation projects. CloudEndure provides enterprise grade cloud migration and cloud-based Disaster Recovery (DR) software that uniquely supports migration and DR for both on-premise to-cloud and cloud-to-cloud scenarios.

The investment will be completed by December 11, 2015.

About Infosys
Infosys is a global leader in consulting, technology, outsourcing and next-generation services. We enable clients, in more than 50 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.

Visit www.infosys.com to see how Infosys (NYSE: INFY), with US$ 8.7 billion in annual revenues and 187,000+ employees, is helping enterprises renew themselves while also creating new avenues to generate value.

Safe Harbor
Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2015. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. Any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.

For further information, please contact:
Asia Pacific
Sarah Gideon
Infosys, India
+91 80 4156 3998
Sarah_Gideon@infosys.com

EMEA
Paul de Lara
Infosys, UK
+44 2075162748
Paul_deLara@infosys.com

Americas
Cristin Balog
Infosys, USA
+1 (650) 320 4126
Cristin_Balog@infosys.com

Source: Infosys

Tags: CloudEndure, Infosys