07 Aug 2018
WALTHAM, Mass. – August 7, 2018 — /BackupReview.info/ — Actifio, the world’s leading enterprise Data-as-a-Service (DaaS) software provider, today announced it has raised $100 million in a financing round led by Crestline Investors and joined by North Bridge Venture Partners, 83North, Advanced Technology Ventures, Heritage Group, Andreessen Horowitz, and other existing investors. The investment, which brings the company’s valuation to more than $1.3 billion, is a testament to Actifio’s established leadership in delivering multi-cloud data management software solutions to more than 3,000 enterprises worldwide.
Ash Ashutosh, Founder & CEO of Actifio, said, “Every day, we deliver on our mission of enabling global enterprises to accelerate their businesses by unlocking the strategic value of data – on-premises or across a multi-cloud architecture. Organizations worldwide use Actifio software to deliver Data-as-a-Service, making data the new infrastructure for security, DevOps, analytics, compliance and governance. Using the hardware and infrastructure of their choice, on-premises, in public cloud and hybrid multi-cloud. Crestline gets this. We are excited to partner with Crestline to further accelerate data-driven business transformation initiatives in the global market.”
Will Palmer, Managing Director at Crestline Investors, said, “Under the leadership of industry veteran Ash Ashutosh, Actifio is well positioned for continued success as the pioneer and innovator in the DaaS market. We have been impressed with the broad capabilities of Actifio’s software and the immense value proposition it delivers to its customer base across multiple vital use cases. We look forward to continued growth at the company.”
Accelerated Enterprise Adoption Driving Company Momentum
Steve Duplessie, Founder and Senior Analyst, Enterprise Strategy Group, said, “Actifio has staked out a unique and incredibly powerful position in the marketplace. Being the first to recognize the power of enabling organizations to leverage their data assets anytime, anywhere for any reason has led them to a customer base of over 3,000 marquee names in a very short time. This funding should help them step on the gas pedal.”
About Actifio
Actifio is the world’s leading Data-as-a-Service platform. It enables thousands of users around the world to deliver their data just as they deliver their applications and infrastructure… as a service available instantly, anywhere. An enterprise-class software platform powered by patented Virtual Data Pipeline™ technology, Actifio frees data from traditional infrastructure to accelerate adoption of hybrid cloud, build higher quality applications faster, and improve business resiliency and availability. For more, visit Actifio.com or follow @Actifio on Twitter.
About Crestline Investors, Inc.
Crestline Investors, Inc., founded in 1997 and based in Fort Worth, Texas, is an institutional alternative investment management firm that specializes in credit and opportunistic investments, including financing and restructuring solutions for mature private equity funds. In addition, the firm manages a multi-PM equity market-neutral hedge fund, and provides beta and hedging Solutions for institutional clients. Headquartered in Fort Worth, Texas, the company maintains affiliate offices in New York City, Chicago, London, Toronto and Tokyo. For more information, please visit www.crestlineinvestors.com
Market size estimate based on IDC Market Glance, 2Q18 — https://www.idc.com/getdoc.jsp?containerId=US43745318
Media Contact:
Mark Fredrickson or P.J. Lee, CTP for Actifio
mfredrickson@ctpboston.com
pjlee@ctpboston.com
Source: Actifio
Tags: Actifio, Crestline Investors
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