07 Dec
BURLINGTON, MA – Dec. 07, 2023 — / 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 continued enhancements to its award-winning RMM platform, N-central, a unified IT management platform built for modern IT. MSPs and internal IT departments can now go beyond the confines of traditional remote monitoring and management tools to manage, secure, back up, and automate all from one vendor, while enhancing the digital user experience on every device.
The latest major updates include advanced management capabilities for iOS and macOS devices, improved analytics and reporting, deeper integration of security and backup solutions, and generative AI for script automation, helping deliver profitability and efficiency for IT professionals and their customers.
Lars van Aart, an IT Specialist at First Impression Audiovisual said, “N-central is an extremely valuable tool for us in many ways including smarter patch management and flexible automation, it allows us to take on a bigger workload with a minimum amount of labour. The analytics feature set helps us be more proactive in discussions with our customers, with the ability to view asset information and leverage insights from the data. By matching this with our support cases, we can plan ahead and inform the customer of any potential upcoming issues such as old devices needing replaced—saving them time and making them more efficient in the long run.”
N-central new features:
Automate and scale with Device Management for Apple
Manage and maintain iOS and macOS devices as simply and easily as Windows and Linux using Device Management for Apple. From one dashboard, users can access:
Generative AI for Script Automation
Helping automate tasks, N-central now leverages generative AI to:
Analytics and Reporting in the Cloud
Harnessing PowerBI, users can unveil insightful dashboards and reports that empower businesses to enhance their performance with data analysis. Users now have access to:
Enhanced Security and Backup
Deeper integration of N-able EDR and Cove has also been introduced to support the N-central layered security framework. This allows users to:
“We’re committed to investing in the enhancement of our award-winning platforms as we continue to deliver the next generation of RMM—our goal is to make sure our partners are leveraging the latest features to help deliver a modern user experience as our space continues to evolve,” said Mike Adler, chief technology and product officer at N-able. “Whether you are managing large networks or looking to grow your current IT operations, the latest advancements to N-central are designed to ensure you are in control of a powerful hub, providing cutting-edge security, enhanced automation, and efficient device management, being the only RMM with multi-tenant Apple Device Management, including Apple Business Manager integration, to manage and secure your Apple fleet as you would for Windows and Linux.”
N-able will also be introducing further enhancements to the platform, expected to land in the next quarter, including an API refresh with new REST-based APIs which will provide additional capability, including the often-requested run script API, and enhanced cloud capabilities—which are designed to deliver simplification of Microsoft Cloud management.
Visit here for more information on the latest features of N-central — https://status.n-able.com/category/n-central/
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
Forward-Looking Statements
This content may contain forward-looking statements regarding future product plans and development efforts. N-able considers various features and functionality prior to any final generally available release. Information regarding future features and functionality is not and should not be interpreted as a commitment from N-able that it will deliver any specific feature or functionality in the future or, if it delivers such feature or functionality, any time frame when that feature or functionality will be delivered. All information is based upon current product interests, and product plans and priorities can change at any time. N-able undertakes no obligation to update any forward-looking statements regarding future product plans and development efforts if product plans or priorities change.
© 2023 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.
PR Contact:
Karla Walls
Karla.walls@n-able.com
Source: N-able
BOSTON, MA – 7 December 2023 — / BackupReview.info / — Jigsaw24 Media, a leading UK media systems integrator and EditShare® partner, has developed two online training courses to help users and system administrators get the best out of the technology. The EditShare 101 courses have been developed and are delivered by David Bourke, who has worked at EditShare and brings in-depth knowledge and a unique perspective to the program.
The courses give a quick start to users of EFS storage and FLOW asset management. The sessions for users and admins each run for three hours and are timed to make it practical for delegates in any time zone around the world to join.
“EditShare is a very powerful platform, and it is designed to be intuitive to use and to manage,” said David Skeggs, Technical & Operations Director at Jigsaw24 Media. “But with any new system there is a natural learning curve. What we are doing is taking delegates through that curve, helping them understand the underlying principles so that they will be able to run with all the functionality, tools and tricks that EditShare brings to post.”
Said Bacho, Chief Revenue Officer at EditShare commented “David has worked as an engineer at EditShare, so he knows what is going on under the hood. This program is designed as a general introduction and understanding to get users and admins up and running with confidence.
“We know that systems sales around the world often involve application-specific training,” Bacho continued. “Think of this as the starter kit, to get users into the EditShare way of thinking so they can quickly develop their own processes, workflows and structures.”
The first courses offered by Jigsaw will be run in January 2024. For more information see https://media.jigsaw24.com/editshare-101-training
For more information on all EditShare solutions, please visit the website at www.editshare.com
About EditShare
EditShare is an Emmy award-winning technology leader supporting storytellers through collaborative media workflows across on-premise, cloud and hybrid architectures. The market-leading open software solutions and robust APIs improve workflow collaboration, third-party integrations and content sharing across the entire production chain. Designed specifically for media applications, the high performance line-up provides shared storage, archiving and backup, and intelligent media asset management.
Through a merger with Shift Media, EditShare also now integrates tools for content review and distribution, the creation of customized, branded pitch reels, and secure preview of high-value pre-release content.
Press Contact
Kara Myhill
Manor Marketing
kara@manormarketing.tv
+44 (0) 7899 977222
Source: EditShare
07 Dec
LAWRENCE, Kan. – December 07, 2023 — / BackupReview.info / — Cobalt Iron Inc., a leading provider of SaaS-based enterprise data protection, today announced that for the third year in a row, it has been named one of CIOReview’s Top 10 Most Promising Data Security Solution Providers. This distinction is thanks to the Cobalt Iron Compass® enterprise SaaS backup platform, which delivers intelligent data backup at massive scale while making the backup infrastructure impervious to cyber attacks.
Compass’ unique Zero Access® architecture replaces common enterprise access points with a robust, automated security infrastructure. Unlike zero trust, which aims to prevent unauthorized access, Zero Access eliminates common logins and access points to the backup environment, including to the operating system, backup server software, backup storage repository, and ancillary tools and databases. In doing so, Compass effectively blocks out potential threats.
Compass Zero Access is a key part of Cobalt Iron’s multidimensional approach to data protection and security. In addition, Compass employs advanced, multilayer encryption; vigilant monitoring and cyber event detection; robust security protocols; and security analytics to secure copies of company data.
The Compass Cyber Shield® security features built into Compass help keep data under the enterprise’s control to minimize risk from potential audit requirements, compliance, and governance violations. Cyber Shield accounts for most governmental data security mandates around the world, such as the European Union’s General Data Protection Regulation (GDPR) and longtime data privacy measures such as HIPAA, SOX, and ISO 27001.
All management is handled by policy and channeled through the Compass Commander™ user interface. This approach eliminates nearly all cybersecurity vulnerabilities in the backup estate. Backup containment and isolation by design renders backup data inert and secures it against unauthorized access or exfiltration during its life cycle.
A simple-to-deploy and easy-to-manage solution, Compass supports many different cloud providers — including Alibaba, Amazon, Azure, Google, and IBM Cloud — for many different cloud use cases and scales to petabytes of data in data centers or across thousands of remote locations.
Cobalt Iron was founded in 2013 to bring about fundamental changes in the world’s approach to secure data protection. www.cobaltiron.com
Product or service names mentioned herein are the trademarks of their respective owners.
Follow Cobalt Iron
Agency Contact:
Sunny Branson
Wall Street Communications
Tel: +1 801 326 9946
Email: sunny@wallstcom.com
Web: www.wallstcom.com
Cobalt Iron Contact:
Mary Spurlock
VP of Marketing
Tel: +1 785 979 9461
Email: maspurlock@cobaltiron.com
Web: www.cobaltiron.com
Source: Cobalt Iron
TEMPE, Ariz., and PRAGUE, Dec. 7, 2023 — / BackupReview.info / — Gen™ (NASDAQ: GEN), a global leader dedicated to powering Digital Freedom through its family of Cyber Safety brands’ cybersecurity solutions, today released its top cyberthreat predictions for 2024. Gen experts stress the need for consumers to be on the lookout for highly individualized threats. From cybercriminals using deepfakes to mimic the voice and appearance of family or colleagues to spyware apps delivered via believable ads or direct messages, this year it will be more critical than ever to double check that what you think you see, hear, read and click in 2024 is what it appears to be.
“In 2024, cybersecurity will become even more engrained in the average person’s daily life. Long gone are the days when cybersecurity issues were only for companies or the ‘most digital’ people. Our team of experts foresees AI will play a huge role in how threats will be created, allowing criminals to create even more sophisticated and believable scams,” said Michal Pechoucek, Chief Technology Officer at Gen. “Every email, text, advertisement and phone call should be considered carefully to ensure there isn’t a scammer on the other side.”
Gen Top Predictions for 2024:
As cyberthreats become more sophisticated, targeted and harder to spot in 2024, Gen aims to arm consumers with tools, knowledge and tips to help protect themselves and their Digital Freedom. To protect against evolving threats, Cyber Safety experts at Gen recommend:
Gen is a global company dedicated to powering Digital Freedom through its trusted Cyber Safety brands, Norton, Avast, LifeLock, Avira, AVG, ReputationDefender and CCleaner. To learn more about Gen’s 2024 Predictions, visit https://www.gendigital.com/blog/news/innovation/cybersecurity-predictions-2024
About Gen
Gen™ (NASDAQ: GEN) is a global company dedicated to powering Digital Freedom through its trusted Cyber Safety brands, Norton, Avast, LifeLock, Avira, AVG, ReputationDefender and CCleaner. The Gen family of consumer brands is rooted in providing safety for the first digital generations. Now, Gen empowers people to live their digital lives safely, privately, and confidently today and for generations to come. Gen brings award-winning products and services in cybersecurity, online privacy and identity protection to nearly 500 million users in more than 150 countries. Learn more at www.GenDigital.com
PR Contacts
Brittany Posey
Gen
Press@GenDigital.com
Courtney Rowles
Edelman for Gen
Courtney.Rowles@edelman.com
Source: Gen
BOSTON, MA – December 05, 2023 — / BackupReview.info / — Following a year of significant growth, Zerto, a Hewlett Packard Enterprise company, today announced strong momentum in 2023 in the SEUR region. The company has been fueled during the past 18 months by aggressive hiring, the addition of two significant new regions, an influx of new partners and a strategic expansion of its channel business. These successes have brought new energy to the company this year and continue to solidify its fast-growing reputation since its acquisition by HPE in 2021. Zerto has already stated its goal of accelerated growth of the business in the next 24 months, and this latest news indicates that it is well on its way.
An Expanding Global Footprint
Beginning at its launch in 2011, Zerto’s industry-leading data protection (DP) and disaster recovery (DR)-to-cloud technology has made a significant day-to-day impact on thousands of companies, ensuring continuous uninterrupted workflows at a time when even an hour of downtime can have disastrous financial consequences for businesses. 2023’s aggressive expansion efforts in the SEUR region have brought Zerto’s best-in-class capabilities to a whole new audience, and the results are revealed through a sizable increase in active customers YOY.
The demand for Zerto continues to grow in lockstep with its team, which continues to consistently add new hires. New team members include locally-based staff with specialized language capacities supporting Zerto’s significant new SEUR sales region, covering Italy, Spain, Portugal, Israel, Cyprus, and Greece.
Specifically, Zerto hired Cristian Meloni in April 2023 to be the Country Sales Leader in Italy. Meloni comes to Zerto after spending six years leading sales in Italy for Rubrik, giving him ample experience in the data protection market. In his new role, Meloni will focus on growing Zerto’s presence in Italy and developing a sales staff that is motivated to exceed targeted sales objectives and deliver high quality service to customers.
Zerto also elevated Matthias Traeger to the Regional Sales Director position in SEUR in February 2023. Traeger joined Zerto in September 2021 and has since significantly contributed to the successful development of the business, not only in the SEUR region. Prior to joining Zerto, he held various sales roles at Dell and HP/HPE.
These expansion efforts have been accelerated by Zerto’s identification of and collaboration with 40 new partners across the SEUR region. Through these partnerships, the company has been introduced to a brand-new clientele and has further illustrated the value of its real-time detection meets real-time protection disaster recovery solution. Combined with the expansion of Zerto’s channel business in the region — which is helping Zerto to leverage its increased resources and market presence — these developments suggest a future of rapid and continued growth.
“Data recovery and data protection are problems without borders, and it’s no surprise to see people across the globe take to Zerto’s technology with this much enthusiasm,” said Matthias Traeger, regional sales director, Zerto. “The last 18 months of aggressive hiring in the SEUR region has paid off in a big way and you can expect us to continue strategically hiring throughout both regions and beyond as we continue our efforts to bring the undeniable benefits of Zerto to every corner of the globe.”
About Zerto
Zerto (https://www.zerto.com/), 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 solution eliminates the risks and complexity of modernization and cloud adoption across private, public, and hybrid deployments. The simple, software-only solution uses continuous data protection at scale to solve for ransomware resilience, disaster recovery and multi-cloud 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:
Hannah Sobolewksi
TouchdownPR
zerto@touchdownpr.com
Source: Zerto
REDWOOD CITY, Calif. – December 05, 2023 — / BackupReview.info / — Box, Inc. (NYSE:BOX), the leading Content Cloud, today announced preliminary financial results for the third quarter of fiscal year 2024, which ended October 31, 2023.
“We continue to execute on our Content Cloud strategy, creating the only end-to-end platform that can help customers power their complete content lifecycle in a single architecture,” said Aaron Levie, co-founder and CEO of Box. “By demonstrating our product leadership with Box AI and Box Hubs, we are delivering the platform that customers need to meet the demands of the rapidly evolving era of AI-powered work.”
“Our focus on delivering profitable growth drove operating margin expansion and grew earnings per share 16% year-over-year,” said Dylan Smith, co-founder and CFO of Box. “The successful execution of our public cloud migration coupled with the savings we’ve generated through our continued focus on cost discipline enables us to invest in product innovation to drive durable, long-term growth.”
Fiscal Third Quarter Financial Highlights
Box’s fiscal third quarter gross profit, operating income, and earnings per share include a headwind against the company’s expense forecast of $3.3 million from an anticipated decrease in proceeds from the sale of certain data center equipment as the company completes its migration to the public cloud (“equipment proceeds headwind”).
For the purpose of this press release, growth on a constant currency basis and impact from foreign exchange is determined by comparing current period reported results with the current results calculated using the equivalent rates in the prior period.
For more information on the non-GAAP financial measures and key metrics discussed in this press release, please see the section titled, “About Non-GAAP Financial Measures and Other Key Metrics,” and the reconciliations of non-GAAP financial measures and certain key metrics to their nearest comparable GAAP financial measures at the end of this press release.
Recent Business Highlights
Outlook
As a reminder, approximately one third of Box’s revenue is generated outside of the U.S., of which approximately 60% is in Japanese Yen. The following guidance includes the expected impact of FX headwinds, assuming present foreign currency exchange rates.
As discussed above, the fiscal fourth quarter and full year fiscal 2024 gross profit, operating income, and diluted net income per share include a headwind against the company’s expense forecast of approximately $4 million and $7 million respectively, from an anticipated decrease in proceeds from the sale of certain data center equipment as the company completes its migration to the public cloud (“equipment proceeds headwind”). Additionally, in the fiscal fourth quarter, Box modified its Redwood City office lease to reduce the amount of square footage, creating a one-time expense of $1.6 million that will be recognized in Q4.
Q4 FY24 Guidance
Full Year FY24 Guidance
All forward-looking non-GAAP financial measures contained in this section titled “Outlook” exclude estimates for stock-based compensation expense, intangible assets amortization, and as applicable, other special items. Box has provided a reconciliation of GAAP to non-GAAP net income per share guidance at the end of this press release.
Webcast and Conference Call Information
Box’s management team will host a conference call today beginning at 2:00 PM (PT) / 5:00 PM (ET) to discuss Box’s financial results, business highlights and future outlook. A live audio webcast of this call will be available through Box’s Investor Relations website at www.box.com/investors for a period of 90 days after the date of the call. Prepared remarks will be available on the Box Investor Relations website after the call ends.
The conference call can be accessed by registering online at https://conferencingportals.com/event/QrpAwpkL at which time registrants will receive dial-in information as well as a conference ID. A telephonic replay of the call will be available approximately two hours after the call and will run for one week. The replay can be accessed by dialing:
+ 1-800-770-2030 (toll-free), conference ID: 23531
+ 1-647-362-9199 (toll), conference ID: 23531
Box has used, and intends to continue to use, its Investor Relations website (www.box.com/investors), as well as certain Twitter accounts (@box, @levie and @boxincir), as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Information on or that can be accessed through Box’s Investor Relations website, these Twitter accounts, or that is contained in any website to which a hyperlink is provided herein is not part of this press release, and the inclusion of Box’s Investor Relations website address, these Twitter accounts, and any hyperlinks are only inactive textual references.
This press release, the financial tables, as well as other supplemental information including the reconciliations of non-GAAP financial measures and certain key metrics to their nearest comparable GAAP financial measures, are also available on Box’s Investor Relations website. Box also provides investor information, including news and commentary about Box’s business and financial performance, Box’s filings with the Securities and Exchange Commission, notices of investor events and Box’s press and earnings releases, on Box’s Investor Relations website.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks, uncertainties, and assumptions, including statements regarding Box’s expectations regarding its growth and profitability, the size of its market opportunity, sales productivity, the demand for its products, the potential of AI and its impact on Box, the timing of recent and planned product introductions, enhancements and integrations, the short- and long-term success, market adoption and retention, capabilities, and benefits of such product introductions and enhancements, the success of strategic partnerships, the impact of macroeconomic conditions on its business, its ability to grow and scale its business and drive operating efficiencies, the impact of fluctuations in foreign currency exchange rates on its future results, its net retention rate, its ability to achieve revenue targets and billings expectations, its revenue and billings growth rates, its ability to expand operating margins, its revenue growth rate plus free cash flow margin in fiscal year 2024 and beyond, its long-term financial targets, its ability to maintain profitability on a quarterly or ongoing basis, its free cash flow, its ability to continue to grow unrecognized revenue and remaining performance obligations, its revenue, billings, GAAP and non-GAAP gross margin, GAAP and non-GAAP net income (loss) per share, GAAP and non-GAAP operating margins, the related components of GAAP and non-GAAP net income (loss) per share, weighted-average outstanding share count expectations for Box’s fiscal third quarter and full fiscal year 2024 in the section titled “Outlook” above, equity burn rate, any potential repurchase of its common stock, whether, when, in what amount and by what method any such repurchase would be consummated, and the share price of any such repurchase. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: (1) adverse changes in general economic or market conditions, including those caused by the Hamas-Israel and Russia-Ukraine conflicts, inflation, and fluctuations in foreign currency exchange rates; (2) delays or reductions in information technology spending; (3) factors related to Box’s highly competitive market, including but not limited to pricing pressures, industry consolidation, entry of new competitors and new applications and marketing initiatives by Box’s current or future competitors; (4) the development of the cloud content management market; (5) the risk that Box’s customers do not renew their subscriptions, expand their use of Box’s services, or adopt new products offered by Box on a timely basis, or at all; (6) Box’s ability to provide timely and successful enhancements, integrations, new features and modifications to its platform and services; (7) actual or perceived security vulnerabilities in Box’s services or any breaches of Box’s security controls; (8) Box’s ability to realize the expected benefits of its third-party partnerships; and (9) Box’s ability to successfully integrate acquired businesses and achieve the expected benefits from those acquisitions. In addition, the preliminary financial results set forth in this release are estimates based on information currently available to Box. While Box believes these estimates are meaningful, they could differ from the actual amounts that Box ultimately reports in its Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2023. Box assumes no obligations and does not intend to update these estimates prior to filing its Form 10-Q for the fiscal quarter ended October 31, 2023.
Additional information on potential factors that could affect Box’s financial results is included in the reports on Forms 10-K, 10-Q and 8-K and in other filings Box makes with the Securities and Exchange Commission from time to time, including the Quarterly Report on Form 10-Q filed for the fiscal quarter ended July 31, 2023. These documents are available on the SEC Filings section of Box’s Investor Relations website located at www.box.com/investors. Box does not assume any obligation to update the forward-looking statements contained in this press release to reflect events that occur or circumstances that exist after the date on which they were made.
About Non-GAAP Financial Measures and Other Key Metrics
To supplement Box’s consolidated financial statements, which are prepared and presented in accordance with GAAP, Box provides investors with certain non-GAAP financial measures and other key metrics, including non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss) attributable to common stockholders, non-GAAP net income (loss) per share attributable to common stockholders, billings, remaining performance obligations, non-GAAP free cash flow and free cash flow margin. The presentation of these non-GAAP financial measures and key metrics is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures and key metrics, please see the reconciliation of these non-GAAP financial measures and certain key metrics to their nearest comparable GAAP financial measures at the end of this press release.
Box uses these non-GAAP financial measures and key metrics for financial and operational decision-making (including for purposes of determining variable compensation of members of management and other employees) and as a means to evaluate period-to-period comparisons. Box’s management believes that these non-GAAP financial measures and key metrics provide meaningful supplemental information regarding Box’s performance by excluding certain expenses that may not be indicative of Box’s recurring core business operating results. Box believes that both management and investors benefit from referring to these non-GAAP financial measures and key metrics in assessing Box’s performance and when planning, forecasting, and analyzing future periods. These non-GAAP financial measures and key metrics also facilitate management’s internal comparisons to Box’s historical performance as well as comparisons to Box’s competitors’ operating results. Box believes these non-GAAP financial measures and key metrics are useful to investors both because they (1) allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) are used by Box’s institutional investors and the analyst community to help them analyze the health of Box’s business.
A limitation of non-GAAP financial measures and key metrics is that they do not have uniform definitions. Further, Box’s definitions will likely differ from the definitions used by other companies, including peer companies, and therefore comparability may be limited. Thus, Box’s non-GAAP financial measures and key metrics should be considered in addition to, and not as a substitute for, or in isolation from, measures prepared in accordance with GAAP. Additionally, in the case of stock-based compensation expense, if Box did not pay a portion of compensation in the form of stock-based compensation expense, the cash salary expense included in cost of revenue and operating expenses would be higher, which would affect Box’s cash position. The accompanying tables have more details on the reconciliations of non-GAAP financial measures and certain key metrics to their nearest comparable GAAP financial measures.
Non-GAAP gross profit and non-GAAP gross margin. Box defines non-GAAP gross profit as GAAP gross profit excluding expenses related to stock-based compensation (“SBC”) included in cost of revenue, intangible assets amortization, and as applicable, other special items. Non-GAAP gross margin is defined as non-GAAP gross profit divided by revenue. Although SBC is an important aspect of the compensation of Box’s employees and executives, determining the fair value of certain of the stock-based instruments Box utilizes estimation and the expense recorded may bear little resemblance to the actual value realized upon the vesting or future exercise of the related stock-based awards. Management believes it is useful to exclude SBC in order to better understand the long-term performance of Box’s core business and to facilitate comparison of Box’s results to those of peer companies. Management also views amortization of acquired intangible assets, such as the amortization of the cost associated with an acquired company’s developed technology and trade names, as items arising from pre-acquisition activities determined at the time of an acquisition. While these intangible assets are continually evaluated for impairment, amortization of the cost of purchased intangibles is a static expense that is not typically affected by operations during any particular period. Box also excludes expenses associated with a non-recurring workforce reorganization from non-GAAP gross profit as they are considered by management to be special items outside of Box’s core operating results.
Non-GAAP operating income (loss) and non-GAAP operating margin. Box defines non-GAAP operating income (loss) as operating income (loss) excluding expenses related to SBC, intangible assets amortization, and as applicable, other special items. Non-GAAP operating margin is defined as non-GAAP operating income (loss) divided by revenue. Box excludes the following expenses as they are considered by management to be special items outside of Box’s core operating results: (1) fees related to shareholder activism (2) expenses related to certain litigation, (3) expenses associated with a non-recurring workforce reorganization, consisting primarily of severance and other personnel-related costs, and (4) expenses related to acquisitions, including transaction and discrete tax costs.
Non-GAAP net income (loss) attributable to common stockholders and non-GAAP net income (loss) per share attributable to common stockholders. Box defines non-GAAP net income (loss) attributable to common stockholders as GAAP net income (loss) attributable to common stockholders excluding expenses related to SBC, intangible assets amortization, amortization of debt issuance costs, undistributed earnings attributable to preferred stockholders, and as applicable, other special items as described in the preceding paragraph. Box defines non-GAAP net income (loss) per share attributable to common stockholders as non-GAAP net income (loss) attributable to common stockholders divided by the weighted-average outstanding shares.
Billings. Billings reflect, in any particular period, (1) sales to new customers, plus (2) subscription renewals and (3) expansion within existing customers, and represent amounts invoiced for all products and professional services. Box calculates billings for a period by adding changes in deferred revenue and contract assets in that period to revenue. Box believes that billings help investors better understand sales activity for a particular period, which is not necessarily reflected in revenue as a result of the fact that Box recognizes subscription revenue ratably over the subscription term. Box considers billings a significant performance measure. Box monitors billings to manage the business, make planning decisions, evaluate performance and allocate resources. Box believes that billings offers valuable supplemental information regarding the performance of the business and helps investors better understand the sales volumes and performance of the business. Although Box considers billings to be a significant performance measure, Box does not consider it to be a non-GAAP financial measure because it is calculated using exclusively revenue, deferred revenue, and contract assets, all of which are financial measures calculated in accordance with GAAP.
Remaining performance obligations. Remaining performance obligations (“RPO”) represent, at a point in time, contracted revenue that has not yet been recognized. RPO consists of deferred revenue and backlog. Backlog is defined as non-cancellable contracts deemed certain to be invoiced and recognized as revenue in future periods. Future invoicing is determined to be certain when we have an executed non-cancellable contract or a significant penalty that is due upon cancellation. While Box believes RPO is a leading indicator of revenue as it represents sales activity not yet recognized in revenue, it is not necessarily indicative of future revenue growth as it is influenced by several factors, including seasonality, contract renewal timing, average contract terms and foreign currency exchange rates. Box monitors RPO to manage the business and evaluate performance. Box considers RPO to be a significant performance measure. Box does not consider RPO to be a non-GAAP financial measure because it is calculated in accordance with GAAP, specifically under ASC Topic 606.
Non-GAAP free cash flow and free cash flow margin. Box defines non-GAAP free cash flow as cash flows from operating activities less purchases of property and equipment, principal payments of finance lease liabilities, capitalized internal-use software costs, and other items that did not or are not expected to require cash settlement and that management considers to be outside of Box’s core business. Free cash flow margin is calculated as non-GAAP free cash flow divided by revenue. Box specifically identifies adjusting items in the reconciliation of GAAP to non-GAAP financial measures. Box considers non-GAAP free cash flow to be a profitability and liquidity measure that provides useful information to management and investors about the amount of cash generated by the business that can possibly be used for investing in Box’s business and strengthening its balance sheet, but it is not intended to represent the residual cash flow available for discretionary expenditures. The presentation of non-GAAP free cash flow is also not meant to be considered in isolation or as an alternative to cash flows from operating activities as a measure of liquidity.
About Box
Box (NYSE:BOX) is the leading Content Cloud, a single platform that empowers organizations to manage the entire content lifecycle, work securely from anywhere, and integrate across best-of-breed apps. Founded in 2005, Box simplifies work for leading global organizations, including AstraZeneca, JLL, Morgan Stanley, and Nationwide. Box is headquartered in Redwood City, CA, with offices across the United States, Europe, and Asia. Visit box.com to learn more. And visit box.org to learn more about how Box empowers nonprofits to fulfill their missions.
BOX, INC. |
||||||||
CONDENSED CONSOLIDATED BALANCE SHEETS |
||||||||
(In Thousands) |
||||||||
(Unaudited) |
||||||||
|
|
October 31, |
|
|
January 31, |
|
||
|
|
2023 |
|
|
2023 |
|
||
ASSETS |
|
|
|
|
|
|
||
Current assets: |
|
|
|
|
|
|
||
Cash and cash equivalents |
|
$ |
377,911 |
|
|
$ |
428,465 |
|
Short-term investments |
|
|
61,795 |
|
|
|
32,783 |
|
Accounts receivable, net |
|
|
166,875 |
|
|
|
264,515 |
|
Deferred commissions |
|
|
44,743 |
|
|
|
48,040 |
|
Other current assets |
|
|
33,005 |
|
|
|
32,960 |
|
Total current assets |
|
|
684,329 |
|
|
|
806,763 |
|
Property and equipment, net |
|
|
44,195 |
|
|
|
69,972 |
|
Operating lease right-of-use assets, net |
|
|
118,532 |
|
|
|
131,172 |
|
Goodwill |
|
|
73,306 |
|
|
|
73,863 |
|
Deferred commissions, non-current |
|
|
61,808 |
|
|
|
71,999 |
|
Other long-term assets |
|
|
51,653 |
|
|
|
53,396 |
|
Total assets |
|
$ |
1,033,823 |
|
|
$ |
1,207,165 |
|
LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT |
|
|
|
|
|
|
||
Current liabilities: |
|
|
|
|
|
|
||
Accounts payable, accrued expenses and other current liabilities |
|
$ |
59,685 |
|
|
$ |
79,810 |
|
Accrued compensation and benefits |
|
|
26,179 |
|
|
|
44,086 |
|
Operating lease liabilities |
|
|
34,097 |
|
|
|
47,752 |
|
Deferred revenue |
|
|
450,666 |
|
|
|
544,179 |
|
Total current liabilities |
|
|
570,627 |
|
|
|
715,827 |
|
Debt, net, non-current |
|
|
370,322 |
|
|
|
369,351 |
|
Operating lease liabilities, non-current |
|
|
109,199 |
|
|
|
118,001 |
|
Other long-term liabilities |
|
|
32,539 |
|
|
|
37,847 |
|
Total liabilities |
|
|
1,082,687 |
|
|
|
1,241,026 |
|
Series A convertible preferred stock |
|
|
491,551 |
|
|
|
489,990 |
|
Stockholders’ deficit: |
|
|
|
|
|
|
||
Common stock |
|
|
14 |
|
|
|
14 |
|
Additional paid-in capital |
|
|
776,313 |
|
|
|
818,996 |
|
Accumulated other comprehensive loss |
|
|
(10,743 |
) |
|
|
(7,065 |
) |
Accumulated deficit |
|
|
(1,305,999 |
) |
|
|
(1,335,796 |
) |
Total stockholders’ deficit |
|
|
(540,415 |
) |
|
|
(523,851 |
) |
Total liabilities, convertible preferred stock and stockholders’ deficit |
|
$ |
1,033,823 |
|
|
$ |
1,207,165 |
|
BOX, INC. |
||||||||||||||||
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |
||||||||||||||||
(In Thousands, Except Per Share Data) |
||||||||||||||||
(Unaudited) |
||||||||||||||||
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
||||||||||
|
|
October 31, |
|
|
October 31, |
|
||||||||||
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
||||
Revenue |
|
$ |
261,537 |
|
|
$ |
249,951 |
|
|
$ |
774,863 |
|
|
$ |
734,398 |
|
Cost of revenue (1) |
|
|
69,227 |
|
|
|
64,490 |
|
|
|
197,891 |
|
|
|
191,542 |
|
Gross profit |
|
|
192,310 |
|
|
|
185,461 |
|
|
|
576,972 |
|
|
|
542,856 |
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Research and development (1) |
|
|
61,026 |
|
|
|
59,107 |
|
|
|
186,860 |
|
|
|
182,805 |
|
Sales and marketing (1) |
|
|
87,930 |
|
|
|
81,566 |
|
|
|
262,745 |
|
|
|
248,075 |
|
General and administrative (1) |
|
|
31,975 |
|
|
|
31,422 |
|
|
|
97,778 |
|
|
|
94,846 |
|
Total operating expenses |
|
|
180,931 |
|
|
|
172,095 |
|
|
|
547,383 |
|
|
|
525,726 |
|
Income from operations |
|
|
11,379 |
|
|
|
13,366 |
|
|
|
29,589 |
|
|
|
17,130 |
|
Interest and other income (expense), net |
|
|
1,801 |
|
|
|
(1,427 |
) |
|
|
7,412 |
|
|
|
(6,235 |
) |
Income before provision for income taxes |
|
|
13,180 |
|
|
|
11,939 |
|
|
|
37,001 |
|
|
|
10,895 |
|
Provision for income taxes |
|
|
2,524 |
|
|
|
2,031 |
|
|
|
7,204 |
|
|
|
4,641 |
|
Net income |
|
$ |
10,656 |
|
|
$ |
9,908 |
|
|
$ |
29,797 |
|
|
$ |
6,254 |
|
Accretion and dividend on series A convertible preferred stock |
|
|
(4,280 |
) |
|
|
(4,278 |
) |
|
|
(12,811 |
) |
|
|
(12,804 |
) |
Undistributed earnings attributable to preferred stockholders |
|
|
(729 |
) |
|
|
(648 |
) |
|
|
(1,938 |
) |
|
|
— |
|
Net income (loss) attributable to common stockholders |
|
$ |
5,647 |
|
|
$ |
4,982 |
|
|
$ |
15,048 |
|
|
$ |
(6,550 |
) |
Net income (loss) per share attributable to common stockholders |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic |
|
$ |
0.04 |
|
|
$ |
0.03 |
|
|
$ |
0.10 |
|
|
$ |
(0.05 |
) |
Diluted |
|
$ |
0.04 |
|
|
$ |
0.03 |
|
|
$ |
0.10 |
|
|
$ |
(0.05 |
) |
Weighted-average shares used to compute net income (loss) per share attributable to common stockholders |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic |
|
|
143,915 |
|
|
|
142,385 |
|
|
|
144,296 |
|
|
|
143,604 |
|
Diluted |
|
|
147,625 |
|
|
|
148,127 |
|
|
|
149,351 |
|
|
|
143,604 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
(1) Includes stock-based compensation expense as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
||||||||||
|
|
October 31, |
|
|
October 31, |
|
||||||||||
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
||||
Cost of revenue |
|
$ |
4,973 |
|
|
$ |
4,331 |
|
|
$ |
14,688 |
|
|
$ |
13,473 |
|
Research and development |
|
|
17,731 |
|
|
|
16,556 |
|
|
|
53,455 |
|
|
|
52,377 |
|
Sales and marketing |
|
|
16,810 |
|
|
|
14,158 |
|
|
|
49,674 |
|
|
|
44,247 |
|
General and administrative |
|
|
11,380 |
|
|
|
9,807 |
|
|
|
33,700 |
|
|
|
30,551 |
|
Total stock-based compensation |
|
$ |
50,894 |
|
|
$ |
44,852 |
|
|
$ |
151,517 |
|
|
$ |
140,648 |
|
BOX, INC. |
|||||||||||||||||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |
|||||||||||||||||
(In Thousands) |
|||||||||||||||||
(Unaudited) |
|||||||||||||||||
|
|
Three Months Ended |
|
|
|
Nine Months Ended |
|
||||||||||
|
|
October 31, |
|
|
|
October 31, |
|
||||||||||
|
|
2023 |
|
|
2022 |
|
|
|
2023 |
|
|
2022 |
|
||||
CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Net income |
|
$ |
10,656 |
|
|
$ |
9,908 |
|
|
|
$ |
29,797 |
|
|
$ |
6,254 |
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Depreciation and amortization |
|
|
14,513 |
|
|
|
17,089 |
|
|
|
|
38,996 |
|
|
|
53,406 |
|
Stock-based compensation expense |
|
|
50,894 |
|
|
|
44,852 |
|
|
|
|
151,517 |
|
|
|
140,648 |
|
Amortization of deferred commissions |
|
|
13,434 |
|
|
|
13,437 |
|
|
|
|
40,803 |
|
|
|
39,878 |
|
Other |
|
|
1,024 |
|
|
|
1,054 |
|
|
|
|
2,729 |
|
|
|
2,925 |
|
Changes in operating assets and liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Accounts receivable, net |
|
|
(3,029 |
) |
|
|
(12,008 |
) |
|
|
|
93,280 |
|
|
|
74,163 |
|
Deferred commissions |
|
|
(11,042 |
) |
|
|
(13,839 |
) |
|
|
|
(28,361 |
) |
|
|
(37,400 |
) |
Operating lease right-of-use assets, net |
|
|
10,452 |
|
|
|
10,230 |
|
|
|
|
26,302 |
|
|
|
30,296 |
|
Other assets |
|
|
1,934 |
|
|
|
4,840 |
|
|
|
|
707 |
|
|
|
(7,022 |
) |
Accounts payable, accrued expenses and other liabilities |
|
|
(3,002 |
) |
|
|
(9,729 |
) |
|
|
|
(9,138 |
) |
|
|
(11,724 |
) |
Operating lease liabilities |
|
|
(11,545 |
) |
|
|
(10,892 |
) |
|
|
|
(35,731 |
) |
|
|
(33,105 |
) |
Deferred revenue |
|
|
(2,507 |
) |
|
|
14,784 |
|
|
|
|
(81,513 |
) |
|
|
(52,524 |
) |
Net cash provided by operating activities |
|
|
71,782 |
|
|
|
69,726 |
|
|
|
|
229,388 |
|
|
|
205,795 |
|
CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Purchases of short-term investments |
|
|
(40,644 |
) |
|
|
(27,575 |
) |
|
|
|
(106,389 |
) |
|
|
(87,253 |
) |
Maturities of short-term investments |
|
|
29,000 |
|
|
|
28,000 |
|
|
|
|
79,000 |
|
|
|
213,000 |
|
Purchases of property and equipment, net of sale proceeds |
|
|
(2,043 |
) |
|
|
(1,770 |
) |
|
|
|
(2,790 |
) |
|
|
(2,539 |
) |
Capitalized internal-use software costs |
|
|
(3,985 |
) |
|
|
(2,500 |
) |
|
|
|
(12,362 |
) |
|
|
(7,010 |
) |
Other |
|
|
— |
|
|
|
— |
|
|
|
|
(190 |
) |
|
|
(815 |
) |
Net cash (used in) provided by investing activities |
|
|
(17,672 |
) |
|
|
(3,845 |
) |
|
|
|
(42,731 |
) |
|
|
115,383 |
|
CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Repurchases of common stock |
|
|
(51,016 |
) |
|
|
(29,966 |
) |
|
|
|
(155,922 |
) |
|
|
(264,852 |
) |
Payments of dividends to preferred stockholders |
|
|
(3,750 |
) |
|
|
(3,750 |
) |
|
|
|
(11,193 |
) |
|
|
(11,250 |
) |
Proceeds from issuances of common stock under employee equity plans |
|
|
11,177 |
|
|
|
10,919 |
|
|
|
|
28,017 |
|
|
|
25,659 |
|
Employee payroll taxes paid for net settlement of stock awards |
|
|
(16,272 |
) |
|
|
(16,051 |
) |
|
|
|
(58,298 |
) |
|
|
(74,778 |
) |
Principal payments of finance lease liabilities |
|
|
(7,179 |
) |
|
|
(10,422 |
) |
|
|
|
(26,131 |
) |
|
|
(29,838 |
) |
Other |
|
|
(419 |
) |
|
|
(67 |
) |
|
|
|
(3,989 |
) |
|
|
(5,122 |
) |
Net cash used in financing activities |
|
|
(67,459 |
) |
|
|
(49,337 |
) |
|
|
|
(227,516 |
) |
|
|
(360,181 |
) |
Effect of exchange rate changes on cash, cash equivalents, and restricted cash |
|
|
(4,874 |
) |
|
|
(7,433 |
) |
|
|
|
(9,710 |
) |
|
|
(19,080 |
) |
Net (decrease) increase in cash, cash equivalents, and restricted cash |
|
|
(18,223 |
) |
|
|
9,111 |
|
|
|
|
(50,569 |
) |
|
|
(58,083 |
) |
Cash, cash equivalents, and restricted cash, beginning of period |
|
|
396,694 |
|
|
|
349,694 |
|
|
|
|
429,040 |
|
|
|
416,888 |
|
Cash, cash equivalents, and restricted cash, end of period |
|
$ |
378,471 |
|
|
$ |
358,805 |
|
|
|
$ |
378,471 |
|
|
$ |
358,805 |
|
BOX, INC. |
||||||||||||||||||||
RECONCILIATION OF GAAP TO NON-GAAP DATA |
||||||||||||||||||||
(In Thousands, Except Per Share Data and Percentages) |
||||||||||||||||||||
(Unaudited) |
||||||||||||||||||||
|
|
Three Months Ended |
|
|
|
Nine Months Ended |
|
|
||||||||||||
|
|
October 31, |
|
|
|
October 31, |
|
|
||||||||||||
|
|
2023 |
|
|
|
2022 |
|
|
|
2023 |
|
|
|
2022 |
|
|
||||
GAAP gross profit |
|
$ |
192,310 |
|
|
|
$ |
185,461 |
|
|
|
$ |
576,972 |
|
|
|
$ |
542,856 |
|
|
Stock-based compensation |
|
|
4,973 |
|
|
|
|
4,331 |
|
|
|
|
14,688 |
|
|
|
|
13,473 |
|
|
Acquired intangible assets amortization |
|
|
1,452 |
|
|
|
|
1,452 |
|
|
|
|
4,356 |
|
|
|
|
4,356 |
|
|
Workforce reorganization |
|
|
912 |
|
|
|
|
— |
|
|
|
|
912 |
|
|
|
|
— |
|
|
Non-GAAP gross profit |
|
$ |
199,647 |
|
|
|
$ |
191,244 |
|
|
|
$ |
596,928 |
|
|
|
$ |
560,685 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
GAAP gross margin |
|
|
73.5 |
|
% |
|
|
74.2 |
|
% |
|
|
74.5 |
|
% |
|
|
73.9 |
|
% |
Stock-based compensation |
|
|
1.9 |
|
|
|
|
1.7 |
|
|
|
|
1.9 |
|
|
|
|
1.8 |
|
|
Acquired intangible assets amortization |
|
|
0.6 |
|
|
|
|
0.6 |
|
|
|
|
0.5 |
|
|
|
|
0.6 |
|
|
Workforce reorganization |
|
|
0.3 |
|
|
|
|
— |
|
|
|
|
0.1 |
|
|
|
|
— |
|
|
Non-GAAP gross margin |
|
|
76.3 |
|
% |
|
|
76.5 |
|
% |
|
|
77.0 |
|
% |
|
|
76.3 |
|
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
GAAP operating income |
|
$ |
11,379 |
|
|
|
$ |
13,366 |
|
|
|
$ |
29,589 |
|
|
|
$ |
17,130 |
|
|
Stock-based compensation |
|
|
50,894 |
|
|
|
|
44,852 |
|
|
|
|
151,517 |
|
|
|
|
140,648 |
|
|
Acquired intangible assets amortization |
|
|
1,452 |
|
|
|
|
1,452 |
|
|
|
|
4,356 |
|
|
|
|
4,356 |
|
|
Acquisition-related expenses |
|
|
— |
|
|
|
|
— |
|
|
|
|
14 |
|
|
|
|
53 |
|
|
Fees related to shareholder activism |
|
|
— |
|
|
|
|
— |
|
|
|
|
— |
|
|
|
|
(77 |
) |
|
Expenses related to litigation |
|
|
(10 |
) |
|
|
|
307 |
|
|
|
|
309 |
|
|
|
|
307 |
|
|
Workforce reorganization |
|
|
912 |
|
|
|
|
— |
|
|
|
|
912 |
|
|
|
|
— |
|
|
Non-GAAP operating income |
|
$ |
64,627 |
|
|
|
$ |
59,977 |
|
|
|
$ |
186,697 |
|
|
|
$ |
162,417 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
GAAP operating margin |
|
|
4.4 |
|
% |
|
|
5.3 |
|
% |
|
|
3.8 |
|
% |
|
|
2.3 |
|
% |
Stock-based compensation |
|
|
19.4 |
|
|
|
|
18.0 |
|
|
|
|
19.6 |
|
|
|
|
19.2 |
|
|
Acquired intangible assets amortization |
|
|
0.6 |
|
|
|
|
0.6 |
|
|
|
|
0.6 |
|
|
|
|
0.6 |
|
|
Acquisition-related expenses |
|
|
— |
|
|
|
|
— |
|
|
|
|
— |
|
|
|
|
— |
|
|
Fees related to shareholder activism |
|
|
— |
|
|
|
|
— |
|
|
|
|
— |
|
|
|
|
— |
|
|
Expenses related to litigation |
|
|
— |
|
|
|
|
0.1 |
|
|
|
|
— |
|
|
|
|
— |
|
|
Workforce reorganization |
|
|
0.3 |
|
|
|
|
— |
|
|
|
|
0.1 |
|
|
|
|
— |
|
|
Non-GAAP operating margin |
|
|
24.7 |
|
% |
|
|
24.0 |
|
% |
|
|
24.1 |
|
% |
|
|
22.1 |
|
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
GAAP net income (loss) attributable to common stockholders |
|
$ |
5,647 |
|
|
|
$ |
4,982 |
|
|
|
$ |
15,048 |
|
|
|
$ |
(6,550 |
) |
|
Stock-based compensation |
|
|
50,894 |
|
|
|
|
44,852 |
|
|
|
|
151,517 |
|
|
|
|
140,648 |
|
|
Acquired intangible assets amortization |
|
|
1,452 |
|
|
|
|
1,452 |
|
|
|
|
4,356 |
|
|
|
|
4,356 |
|
|
Acquisition-related expenses |
|
|
— |
|
|
|
|
— |
|
|
|
|
14 |
|
|
|
|
53 |
|
|
Fees related to shareholder activism |
|
|
— |
|
|
|
|
— |
|
|
|
|
— |
|
|
|
|
(77 |
) |
|
Expenses related to litigation |
|
|
(10 |
) |
|
|
|
307 |
|
|
|
|
309 |
|
|
|
|
307 |
|
|
Workforce reorganization |
|
|
912 |
|
|
|
|
— |
|
|
|
|
912 |
|
|
|
|
— |
|
|
Amortization of debt issuance costs |
|
|
475 |
|
|
|
|
472 |
|
|
|
|
1,423 |
|
|
|
|
1,415 |
|
|
Undistributed earnings attributable to preferred stockholders |
|
|
(6,145 |
) |
|
|
|
(5,424 |
) |
|
|
|
(18,090 |
) |
|
|
|
(16,024 |
) |
|
Non-GAAP net income attributable to common stockholders |
|
$ |
53,225 |
|
|
|
$ |
46,641 |
|
|
|
$ |
155,489 |
|
|
|
$ |
124,128 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
GAAP net income (loss) per share attributable to common stockholders, diluted |
|
$ |
0.04 |
|
|
|
$ |
0.03 |
|
|
|
$ |
0.10 |
|
|
|
$ |
(0.05 |
) |
|
Stock-based compensation |
|
|
0.34 |
|
|
|
|
0.30 |
|
|
|
|
1.01 |
|
|
|
|
0.94 |
|
|
Acquired intangible assets amortization |
|
|
0.01 |
|
|
|
|
0.01 |
|
|
|
|
0.03 |
|
|
|
|
0.03 |
|
|
Acquisition-related expenses |
|
|
— |
|
|
|
|
— |
|
|
|
|
— |
|
|
|
|
— |
|
|
Fees related to shareholder activism |
|
|
— |
|
|
|
|
— |
|
|
|
|
— |
|
|
|
|
— |
|
|
Expenses related to litigation |
|
|
— |
|
|
|
|
— |
|
|
|
|
— |
|
|
|
|
— |
|
|
Workforce reorganization |
|
|
0.01 |
|
|
|
|
— |
|
|
|
|
0.01 |
|
|
|
|
— |
|
|
Amortization of debt issuance costs |
|
|
— |
|
|
|
|
— |
|
|
|
|
0.01 |
|
|
|
|
0.01 |
|
|
Undistributed earnings attributable to preferred stockholders |
|
|
(0.04 |
) |
|
|
|
(0.03 |
) |
|
|
|
(0.12 |
) |
|
|
|
(0.10 |
) |
|
Non-GAAP net income per share attributable to common stockholders, diluted |
|
$ |
0.36 |
|
|
|
$ |
0.31 |
|
|
|
$ |
1.04 |
|
|
|
$ |
0.83 |
|
|
Weighted-average shares used to compute Non-GAAP net income per share attributable to common stockholders, diluted |
|
|
147,625 |
|
|
|
|
148,127 |
|
|
|
|
149,351 |
|
|
|
|
150,083 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
GAAP net cash provided by operating activities |
|
$ |
71,782 |
|
|
|
$ |
69,726 |
|
|
|
$ |
229,388 |
|
|
|
$ |
205,795 |
|
|
Purchases of property and equipment, net of proceeds from sales |
|
|
(2,043 |
) |
|
|
|
(1,770 |
) |
|
|
|
(2,790 |
) |
|
|
|
(2,539 |
) |
|
Principal payments of finance lease liabilities |
|
|
(7,179 |
) |
|
|
|
(10,422 |
) |
|
|
|
(26,131 |
) |
|
|
|
(29,838 |
) |
|
Capitalized internal-use software costs |
|
|
(4,243 |
) |
|
|
|
(2,567 |
) |
|
|
|
(13,334 |
) |
|
|
|
(9,629 |
) |
|
Non-GAAP free cash flow |
|
$ |
58,317 |
|
|
|
$ |
54,967 |
|
|
|
$ |
187,133 |
|
|
|
$ |
163,789 |
|
|
GAAP net cash (used in) provided by investing activities |
|
$ |
(17,672 |
) |
|
|
$ |
(3,845 |
) |
|
|
$ |
(42,731 |
) |
|
|
$ |
115,383 |
|
|
GAAP net cash used in financing activities |
|
$ |
(67,459 |
) |
|
|
$ |
(49,337 |
) |
|
|
$ |
(227,516 |
) |
|
|
$ |
(360,181 |
) |
|
BOX, INC. |
||||||||||||||||
RECONCILIATION OF GAAP REVENUE TO BILLINGS |
||||||||||||||||
(In Thousands) |
||||||||||||||||
(Unaudited) |
||||||||||||||||
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
||||||||||
|
|
October 31, |
|
|
October 31, |
|
||||||||||
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
||||
GAAP revenue |
|
$ |
261,537 |
|
|
$ |
249,951 |
|
|
$ |
774,863 |
|
|
$ |
734,398 |
|
Deferred revenue, end of period |
|
|
471,963 |
|
|
|
467,080 |
|
|
|
471,963 |
|
|
|
467,080 |
|
Less: deferred revenue, beginning of period |
|
|
(479,293 |
) |
|
|
(458,249 |
) |
|
|
(566,630 |
) |
|
|
(534,242 |
) |
Contract assets, beginning of period |
|
|
3,477 |
|
|
|
2,424 |
|
|
|
1,900 |
|
|
|
1,111 |
|
Less: contract assets, end of period |
|
|
(3,944 |
) |
|
|
(2,969 |
) |
|
|
(3,944 |
) |
|
|
(2,969 |
) |
Billings |
|
$ |
253,740 |
|
|
$ |
258,237 |
|
|
$ |
678,152 |
|
|
$ |
665,378 |
|
BOX, INC. |
||||||||||||||||
RECONCILIATION OF GAAP TO NON-GAAP NET INCOME PER SHARE GUIDANCE |
||||||||||||||||
(In Thousands, Except Per Share Data) |
||||||||||||||||
(Unaudited) |
||||||||||||||||
|
|
Three Months Ended |
|
|
Fiscal Year Ended |
|
||||||||||
|
|
January 31, 2024 |
|
|
January 31, 2024 |
|
||||||||||
GAAP net income per share attributable to common stockholders range, diluted |
|
$ |
0.05 |
|
– |
$ |
0.06 |
|
|
$ |
0.15 |
|
– |
$ |
0.16 |
|
Stock-based compensation |
|
|
0.35 |
|
|
|
0.35 |
|
|
|
1.36 |
|
|
|
1.36 |
|
Acquired intangible asset amortization |
|
|
0.01 |
|
|
|
0.01 |
|
|
|
0.04 |
|
|
|
0.04 |
|
Expenses related to litigation |
|
|
0.01 |
|
|
|
0.01 |
|
|
|
0.02 |
|
|
|
0.02 |
|
Amortization of debt issuance costs |
|
|
— |
|
|
|
— |
|
|
|
0.01 |
|
|
|
0.01 |
|
Undistributed earnings attributable to preferred stockholders |
|
|
(0.04 |
) |
|
|
(0.04 |
) |
|
|
(0.16 |
) |
|
|
(0.16 |
) |
Non-GAAP net income per share attributable to common stockholders range, diluted |
|
$ |
0.38 |
|
– |
$ |
0.39 |
|
|
$ |
1.42 |
|
– |
$ |
1.43 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Weighted-average shares, diluted |
|
|
|
|
|
147,000 |
|
|
|
|
|
|
148,500 |
|
BOX, INC. |
||||||||||
RECONCILIATION OF GAAP TO NON-GAAP OPERATING MARGIN GUIDANCE |
||||||||||
(Unaudited) |
||||||||||
|
|
Three Months Ended |
|
|
Fiscal Year Ended |
|
||||
|
|
January 31, 2024 |
|
|
January 31, 2024 |
|
||||
GAAP operating margin |
|
|
5.0 |
% |
|
|
4.0 |
% |
||
Stock-based compensation |
|
|
19.5 |
|
|
|
19.5 |
|
||
Acquired intangible assets amortization |
|
|
0.5 |
|
|
|
0.5 |
|
||
Expenses related to litigation |
|
|
0.5 |
|
|
|
0.5 |
|
||
Non-GAAP operating margin |
|
|
25.5 |
% |
|
|
24.5 |
% |
Investors:
Cynthia Hiponia and Elaine Gaudioso
+1 650-209-3463
ir@box.com
Media:
Denis Roy and Rachel Levine
+1 650-543-6926
press@box.com
Source: Box, Inc.
FAIRFIELD, NJ — Dec. 6, 2023 — / BackupReview.info / –?11:11 Systems?(“11:11”), a managed infrastructure solutions provider, has launched 11:11 DRaaS for Azure, a new disaster recovery as a service (DRaaS) offering designed specifically for the Microsoft Azure cloud. The new globally available recovery solution gives organizations customized and fully managed disaster recovery (DR) for their on-premises, Azure cloud and/or multi-cloud environments.
By combining 11:11’s award-winning DRaaS technology and managed recovery expertise with the scale and flexibility of Microsoft Azure, the new solution provides enterprise-grade business continuity and helps customers meet their recovery objectives. Further, 11:11 DRaaS for Azure reduces complexity, freeing up time and resources for customers to drive transformative business outcomes.
With a pay-as-you-go model leveraging proven Zerto technology, 11:11 DRaaS for Azure provides application-level failover and recovery capabilities and automation across diverse use cases such as on-premises to Azure cloud, Azure cloud to on-premises and between two Azure cloud environments.
“This new solution is more than a product; it’s a commitment to our customers’ resilience and success,” said Kaushik Ray, chief experience officer at 11:11 Systems. “This product release extends and deepens our DR capabilities and provides comprehensive self-managed and fully managed recovery services, regardless of platform and recovery location, which reinforces our position as a trusted risk and resiliency partner in the global market.”
The comprehensive and fully managed solution includes implementation, maintenance, scheduled testing, 24×7 support and an industry-leading service level agreement (SLA) for business’s recovery time objectives (RTOs) that provide guaranteed recovery within a stipulated timeframe, as highlighted in Gartner Peer Insights customer reviews.
“Working with 11:11 Systems has been a great experience; they are a professional organization that is easy to work with. They have vast experience in the DR area and with the help of their automation tools, it made the whole deployment process simple providing an excellent RPO/RTO,” according to a Gartner Peer Review for 11:11 DRaaS.
To learn more about 11:11 DRaaS for Azure, click here.
ABOUT 11:11 SYSTEMS
11:11 Systems is a managed infrastructure solutions provider that holistically addresses the challenges of next-generation managed cloud, connectivity and security requirements. The 11:11 model empowers customers and partners to “Rethink Connected,” which includes integrated services that deliver increased performance, optimization and savings. Learn more at?1111Systems.com
Contact:
Rolyn Parker
news@1111systems.com
Source: 11:11 Systems
Sparks, NV – December 6, 2023 — / BackupReview.info / — NAKIVO Inc., a fast-growing software company for protecting physical, virtual, and cloud environments, has announced today that Ottoman’s Life Hotel Deluxe has selected NAKIVO Backup & Replication to protect their environment.
Ottoman’s Life Hotel Deluxe is located in the historical peninsula of Istanbul, Turkey, only minutes from the city’s prominent historical landmarks.
The hotel’s infrastructure consists of 3 physical servers and 30 virtual machines. The virtual machines store various files and the ERP system. As a company in the hospitality industry, the hotel generates and stores large volumes of front- and back-office data. This data is critical to both day-to-day operations and business decision-making. Data loss can have a considerable impact on revenue and operational continuity. A VM backup solution is vital for the IT department to ensure operational recovery and system availability.
Despite having a VM backup solution, the hotel was looking for a replacement because that solution and support costs exceeded their budget. “We were looking for a solution with an affordable price and good performance,” says Omer Akosman, Information Technology Manager at Ottoman’s Life Hotel Deluxe. “We found that NAKIVO Backup & Replication fit our expectations in terms of both features and pricing.”
NAKIVO Backup & Replication is a robust VM backup solution that offers flexible installation and configuration options, including installation on QNAP NAS. With QNAP NAS, installation can be completed in minutes to create a fully functional and affordable backup appliance. “Everything was perfect, from deployment to configuration and backup process,” says Omer. “The web interface is very friendly and easy to use. We are backing up on QNAP NAS. In both ways, the backup and recovery process is very successful and fast.”
With NAKIVO Backup & Replication and QNAP NAS, backups are sent directly to QNAP disks to reduce storage space usage with compression and deduplication. Moreover, backup copies can be kept offsite by sending them directly from NAS disks to remote or cloud storage. “Backup of our entire environment takes around three hours. Almost all the features are useful and straightforward, but I was very impressed with the backup copy, as we are able to send copies to a number of destinations,” says Omer.
The hotel also uses the Backup for Microsoft 365 functionality, which offers fast incremental backups, instant granular recovery, compliance, and archiving for Exchange Online, Microsoft Teams, SharePoint Online and OneDrive for Business. “Microsoft 365 backup is essential for us, and we back up all the supported applications. Backups are fast, steady, and incremental, thus allowing us to save time,” says Omer.
“NAKIVO Backup & Replication is faster and more cost-effective than other solutions on the market. Since our previous VM backup solution became too expensive, NAKIVO Backup & Replication is definitely a lifesaver. We pay a minimal amount per user for one year, and we are very happy that all Microsoft 365 applications are protected. When needed, technical support is fast and can be reached via an online chat. All conversations with support were successful so far for us,” says Omer.
RESOURCES
About Ottoman’s Life Hotel Deluxe
Ottoman’s Life Hotel Deluxe is located in the historical peninsula, where the heart of Istanbul beats. The hotel is only 4 kilometers away from important historical landmarks such as the Blue Mosque, Hagia Sophia, Topkapi Palace and the Old Bazaar. The hotel is within walking distance to the metro and tram stops, from where you can have easy access to the central districts of Istanbul, such as Sultanahmet, Eminonu, Karakoy, Taksim, Mecidiyekoy, as well as to the airport and the exhibition halls. For more information, visit https://www.ottomanslifedeluxe.com.
About NAKIVO
NAKIVO is a US-based corporation dedicated to delivering the ultimate backup, ransomware protection and disaster recovery solution for virtual, physical, cloud and SaaS environments. As one of the fastest-growing backup and ransomware recovery software vendors in the industry, NAKIVO boasts 24 consecutive quarters of double-digit growth, 5-star online community reviews, 98% customer satisfaction with support and a network of over 8,000 partners worldwide. Over 27,000 customers in 180 countries trust NAKIVO with protecting their data, including major companies like Honda, Cisco, Coca-Cola and Siemens.
Visit Nakivo 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
CANBERRA, AUSTRALIA – December 5th, 2023 — / BackupReview.info / — Underscoring Rubrik’s commitment to local customers, Rubrik, the Zero Trust Data SecurityTM company, today announced the completion of the Infosec Registered Assessors Program (IRAP) Assessment for its Australian sovereign instance of Rubrik Security Cloud.
Developed by the Australian Signals Directorate (ASD), IRAP is an independent assessment of the effectiveness of a system’s security controls. Organisations, particularly Australia’s Federal Government agencies, use IRAP Assessment outcomes to evaluate a system’s suitability for their security requirements.
Rubrik Security Cloud delivers a comprehensive approach to data resilience, built from the ground up on Zero Trust architectural principles to ensure critical systems maintain the necessary levels of availability against cyber incidents and system outages. The completion of the IRAP Assessment to the PROTECTED security classification, adds to Rubrik’s global certifications including Common Criteria EAL, FIPS 140-2, and ISO certifications 27001, 27017, and 27018.
Antoine Le Tard, Vice President, Rubrik APAC said completing the IRAP assessment will allow Rubrik to expand its presence in Australia’s public sector and offer the same data protection capabilities currently deployed by Federal Government agencies around the world.
“We’ve built strong expertise securing the world’s most critical data, including through our work with Commander, Navy Installations Command which manages and sustains all U.S. Naval installations,” Le Tard. “As data grows exponentially, the associated cyber risk increases with it. The borderless nature of cyberattacks means no nation is immune, and completing the IRAP Assessment highlights our commitment to keeping Australia’s data secure.”
As cyber incidents continue to impact some of the world’s largest private and public sector organisations, Le Tard said it was clear perimeter security controls alone – while important – would never be completely fool-proof.
“Ensuring rapid recovery following a breach and minimising downtime is critical as attacks increase in sophistication,” he said. “The Australian Cyber Security Centre recognises this in its Essential Eight Maturity Model with its ‘regular backups’ mitigation strategy. For public sector organisations seeking to improve their cyber resilience, Rubrik’s native controls meet and exceed the requirements for the highest prescribed maturity level.”
Rubrik Security Cloud helps organisations protect their data, monitor data risk, and recover data and applications rapidly in the wake of an attack or operational failure through three unique capabilities:
Further information on how the Rubrik Security Cloud can help protect Federal Government and Critical Infrastructure can be found here.
About Rubrik
Rubrik is on a mission to secure the world’s data. With Zero Trust Data Security™, we help organizations achieve business resilience against cyberattacks, malicious insiders, and operational disruptions. Rubrik Security Cloud, powered by machine learning, secures data across enterprise, cloud, and SaaS applications. We help organizations uphold data integrity, deliver data availability that withstands adverse conditions, continuously monitor data risks and threats, and restore businesses with their data when infrastructure is attacked.
For more information please visit www.rubrik.com and follow @rubrikInc on X (formerly Twitter) and Rubrik on LinkedIn.
Contact
press@rubrik.com
Source: Rubrik
05 Dec
COLUMBUS, Ohio – December 05, 2023 — / BackupReview.info / — Veeam® Software, the #1 market leader in Data Protection and Ransomware Recovery, today released general availability of the new Veeam Data Platform 23H2 update, including Veeam Backup & Replication™ v12.1 release as well as Veeam ONE v12.1 and Veeam Recovery Orchestrator v7. This latest release from Veeam, with a focus on radical resilience, includes hundreds of new features and enhancements designed to not only protect enterprises’ most critical data, but to enable them with radical resilience to bounce forward from ransomware and cyber-attacks.
“The latest Veeam Data Protection Trends Report found that 85% of organizations experienced at least one ransomware attack in the last year, while only 16% were able to recover without paying the ransom,” said Danny Allan, CTO at Veeam. “Ensuring your organization is protected and resilient in the event of an attack is the only way to make your business immune to its impacts. The new Veeam Data Platform 23H2 update, including Veeam Backup & Replication v12.1, builds on what Veeam does best: reducing downtime and data loss for our 450,000 customers. This latest release provides the shortest gap between cyber incidents and recovery, arming our customers with radical resilience to keep their business running and moving forward.”
Sixty percent of organizations need significant or complete overhauls between their backup and cyber teams, with those roles closest to the challenges of cyber events often the least satisfied with the partnering between the teams.i New updates of this latest Veeam release are designed to unite IT, cloud and security teams with technology to confront, contain and conquer ransomware together.
New features and enhancements include:
As the #1 provider worldwide in the Data Replication & Protection software marketii, Veeam is launching new capabilities to help organizations of all sizes achieve radical resilience that can only come from complete confidence in protection, response and recovery. New key capabilities include:
“Cybercrime continues to be a highly profitable business for cyber criminals who are getting smarter and their attacks more sophisticated,” said Phil Goodwin, Research Vice President at IDC. “This has raised the bar for backup and recovery vendors that now need to provide a full range of cyber-recovery capabilities. This includes security functionality that allows targeted companies to detect and stop the attack in its tracks Veeam’s new announcement offers significant enhancements to cyber protection capabilities. The AI-powered built-in malware detection engine, threat center and zero-trust further demonstrate Veeam’s ongoing efforts to keep customer environments safe and recover quickly if attacked.”
Availability
The new Veeam Data Platform 23H2 update is available now. For more information, visit https://www.veeam.com
Registration is now open for the 10th annual VeeamON event, June 3 through June 5, 2024 at the Diplomat Resort in Fort Lauderdale, Florida. Register now for a limited-time 10-year anniversary rate: https://www.veeam.com/veeamon
About Veeam Software
Veeam®, the #1 global market leader in data protection and ransomware recovery, is on a mission to help every organization not just bounce back from a data outage or loss but bounce forward. With Veeam, organizations achieve radical resilience through data security, data recovery, and data freedom for their hybrid cloud. The Veeam Data Platform delivers a single solution for cloud, virtual, physical, SaaS, and Kubernetes environments that gives IT and security leaders peace of mind that their apps and data are protected and always available. Headquartered in Columbus, Ohio, with offices in more than 30 countries, Veeam protects over 450,000 customers worldwide, including 73% of the Global 2000, who trust Veeam to keep their businesses running. Radical resilience starts with Veeam. Learn more at www.veeam.com or follow Veeam on LinkedIn @veeam-software and X @veeam.
__________________________________
i) – Veeam Ransomware Trends Report 2023; May 23, 2023. https://www.veeam.com/ransomware-trends-report-2023
ii) – Source: IDC, Semi-Annual Software Tracker, 1H2023 Note: Worldwide Data. *IDC declares a statistical tie in the worldwide software market when there is a difference of 0.5 percentage-point or less in rounded revenue market share among two or more vendors.
__________________________________
Contact:
Veeam Software
Director, Global Public Relations
Heidi Monroe Kroft, 614-339-8200 x8309
Source: Veeam
05 Dec
SAN MATEO, Calif. – Dec 5, 2023 — / BackupReview.info / — Building on its growth and market momentum, Cloudian is pleased to announce that David Scott has joined its board of directors. With an illustrious career spanning 40 years in IT infrastructure, David brings a wealth of experience and leadership to further drive Cloudian’s leadership in S3-compatible hybrid cloud data management.
David currently serves as a Board Director at Couchbase, Nebulon, Token, M10 Networks, and AntemetA. His career highlights include serving as the Senior Vice President and General Manager of the global Hewlett Packard (HP) Storage business.
Notably, he was the President and Chief Executive Officer of 3PAR, Inc., a pioneering data storage company that played a pivotal role in defining the market for utility storage designed for service provider IT models. During his nearly 10-year tenure as CEO of 3PAR from early 2001, David oversaw the company’s evolution from a venture-backed private entity to being publicly listed on the New York Stock Exchange in 2007. His leadership continued through its acquisition by HP in 2010. David’s deep understanding of the storage industry and his strategic vision played a key role in shaping 3PAR’s success.
Before joining 3PAR, David spent 18 years at HP, where he held various executive positions in marketing and general management. His experience encompasses diverse roles in data storage, computing, and networking, both in the United Kingdom and the United States.
David expressed his anticipation of joining Cloudian, stating, “As the enterprise IT landscape shifts towards hybrid-cloud operating models, the power of Cloudian’s native S3 API and scale-out design becomes increasingly evident. I am eager to contribute to the journey and work alongside the talented team in advancing the success of their hybrid-cloud storage platform.”
“We are thrilled to welcome David Scott to Cloudian’s board of directors. David’s extensive experience and deep industry knowledge will contribute to our vision of ubiquitous cloud-native, S3-compatible storage,” said Michael Tso, CEO of Cloudian. “David’s proven track record as an IT infrastructure visionary aligns seamlessly with our commitment to delivering innovative object storage solutions for the hybrid cloud.”
About Cloudian
Cloudian is a leader in data management software for the hybrid cloud. With military-grade security, limitless scalability and seamless cloud integration, Cloudian’s cloud-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. Learn more at cloudian.com
Media Contact
Georgiana Comsa
Silicon Valley Public Relations
georgiana@siliconvalleypr.com
Source: Cloudian
Marlborough, Mass., December 5, 2023 — / BackupReview.info / — ExaGrid®, the industry’s only Tiered Backup Storage solution, today announced that the company was honored with two industry awards, including:
These awards were announced at the 14th annual SDC Awards ceremony, held in London on November 30, 2023.
The Storage, Digitalisation and Cloud (SDC) Awards, are focused on recognizing the innovation, expertise and success of the IT industry across a range of key disciplines. Storage, security, cloud, automation, digitalization – some of the key building blocks of today’s digital businesses blazing a trail in their chosen industry sectors.
Winners are determined by public vote. This year’s awards mark the eighth year of wins for ExaGrid at the SDC Awards (known previously as the SVC Awards) and the fourth consecutive year that ExaGrid has won the Storage Company of the Year award.
ExaGrid’s unique Tiered Backup Storage is the only storage solution built just for backup to improve backup performance, restore performance, scalability as data grows, security, ransomware recovery, disaster recovery, and the economics of backup, with low costs up front and over time. All other solutions are generic storage solutions or inline scale-up deduplication appliances. Over the past year, ExaGrid’s growth has accelerated and ExaGrid has expanded its sales and customer support teams worldwide while remaining Cash, EBITDA, and P&L positive. ExaGrid supports over 4,000 organizations worldwide, in over 80 countries.
ExaGrid continues to gain recognition for its Tiered Backup Storage appliances, winning seven industry awards in 2023, including:
“We are honored by the continued recognition we’ve received for our Tiered Backup Storage, and grateful to everyone who voted for us, and to our staff, our customers, and our channel partners for their support,” said Bill Andrews, President and CEO of ExaGrid. “We are proud to win Storage Company of the Year again, which is a testament to not only our product, but also our expert-level customer support, and our success and growth as a company. Many thanks to the SDC Awards team for organizing a wonderful evening that celebrated many industry leaders, and congratulations to our fellow award winners.”
About ExaGrid
ExaGrid provides Tiered Backup Storage with a unique disk-cache Landing Zone, long-term retention repository, and scale-out architecture. ExaGrid’s Landing Zone provides for the fastest backups, restores, and instant VM recoveries. The Repository Tier offers the lowest cost for long-term retention. ExaGrid’s scale-out architecture includes full appliances and ensures a fixed-length backup window as data grows, eliminating expensive forklift upgrades and product obsolescence. ExaGrid offers the only two-tiered backup storage approach with a non-network-facing tier, delayed deletes, and immutable objects to recover from ransomware attacks.
ExaGrid has physical sales and pre-sales systems engineers in the following countries: Argentina, Australia, Benelux, Brazil, Canada, Chile, CIS, Colombia, Czech Republic, France, Germany, Hong Kong, India, Israel, Italy, Japan, Mexico, Nordics, Poland, Portugal, Qatar, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Turkey, United Arab Emirates, United Kingdom, United States, and other regions.
Visit us at exagrid.com or connect with us on LinkedIn. See what our customers have to say about their own ExaGrid experiences and learn why they now spend significantly less time on backup storage in our customer success stories. ExaGrid is proud of our +81 NPS score!
ExaGrid is a registered trademark of ExaGrid Systems, Inc. All other trademarks are the property of their respective holders.
Media Contact:
Mary Domenichelli
ExaGrid
mdomenichelli@exagrid.com
Source: ExaGrid
05 Dec
MUNICH, Germany — Dec. 5, 2023 — / BackupReview.info / — Veeam® Software, the leader in Data Protection and Ransomware Recovery, has announced the promotion of Tim Pfaelzer as General Manager and Senior Vice President of Europe, Middle East, and Africa (EMEA). He is responsible for Veeam’s business operations across all segments and markets across the region.
Pfaelzer has been with Veeam since July 2021 and most recently held the position of Vice President, Enterprise, EMEA. Tim has spent more than 20 years in the IT industry, including senior management roles at Dell and various positions at Adobe, Autodesk, and Salesforce. Based in Germany, Tim brings his vast experience in business development, marketing, sales leadership, and general management to the Veeam team and its customers and partners across the region.
“At a time when the success of every organization across EMEA depends on the availability of their critical business data, it’s essential that they are prepared to not just bounce back from an outage or data loss, but to bounce forward,” said Pfaelzer. “Veeam is leading the data protection of customers in EMEA thanks to the combination of industry-leading innovation with an outstanding team of people and partners across our business. We’re helping more EMEA customers keep their business running by bringing the industry’s broadest set of data protection and ransomware recovery capabilities to every company. I’m looking forward to working with all our customers and partners to ensure we build a safer future for every organization.”
“At Veeam, we believe in developing great talent and promoting great leaders from within. Tim is a great example. He has been critical to the growth of our business across EMEA. He is an accomplished leader who puts the needs of our customers and partners at the center of everything we do,” said John Jester, Chief Revenue Officer (CRO) at Veeam. “This promotion is recognition of the incredible work he’s been doing across the region, and I know I speak on behalf of our global team when I say I’m excited to support him as he leads our continued expansion across EMEA.”
Veeam delivered consistent, double-digit revenue growth year-over-year (YoY) and was recently ranked once again with 20.5% of the region’s market share as EMEA’s #1 provider of Data Replication & Protection software for 2023H1 in the latest International Data Corporation (IDC) Semiannual Software Tracker. Veeam had the fastest YoY growth rate in the region among the top five DR&P vendors at 7.5% and outperformed the regional market average (6.1%).
For additional information on Veeam, visit https://www.veeam.com.
About Veeam Software
Veeam, the #1 global market leader in data protection and ransomware recovery, is on a mission to help every organization not just bounce back from a data outage or loss but bounce forward.?With Veeam, organizations achieve radical resilience through data security, data recovery, and data freedom for their hybrid cloud.?The Veeam Data Platform delivers a single solution for cloud, virtual, physical, SaaS, and Kubernetes environments that gives IT and security leaders peace of mind that their apps and data are protected and always available.?Headquartered in Columbus, Ohio, with offices in more than 30 countries, Veeam protects over 450,000 customers worldwide, including 73% of the Global 2000, who trust Veeam to keep their businesses running.?Radical resilience starts with Veeam.?Learn more at ?www.veeam.com? or follow Veeam on LinkedIn ?@veeam-software? and X? @veeam.
Contact:
Veeam Software
Director, Global Public Relations
Heidi Monroe Kroft, 614-339-8200 x8309
Source: Veeam
CAMPBELL, Calif. – December 5, 2023 — / BackupReview.info / — Barracuda Networks, Inc., a trusted partner and leading provider of cloud-first security solutions, today announced the launch of its new global partner program, the Barracuda Partner Success Program.
The new program is architected with partner success as the north star, and it is built on two foundational elements: the shared success model and partner agility. A key differentiated element of the program is its support for resell partners across multiple routes to market — resale, MSP, and marketplaces. Partners who resell Barracuda solutions will be recognized for their Barracuda business as a whole, regardless of the route to market, and they will be provided with benefits and resources based on their total sales contribution.
“In developing our global partner program, Barracuda put itself in our partners’ shoes to better understand their needs and build a winning go-to-market strategy. This is what we call partner empathy,” said Jason Beal, Vice President, Worldwide Partner Ecosystems, Barracuda. “Ultimately, we want our partners to be agile in catering to the ever-changing needs of customers in terms of how they consume, procure, and deliver technology solutions.”
Shared success model and partner agility
Designed to reduce complexity and incentivize partners for their commitment to Barracuda, the Barracuda Partner Success Program includes benefits, requirements, and rewards architected around the LAER model of customer success: land, adoption, expansion, and retention and renewal. In this way, the new global partner program supports partners of different business models to grow their business and expand their customer reach while helping protect clients from cybersecurity threats.
With the launch of the Barracuda Partner Success Program, Barracuda is also introducing a certification for customer success, enabling sales and customer success staff to improve customer loyalty, drive higher customer satisfaction, and increase sales.
New enablement tracks established in the program can help resellers grow their business, whether they go to market as a resale, managed services, or cloud marketplace partner. “We are seeing an increasing number of resellers either becoming hybrid or establishing a hybrid business model engaging with Barracuda for resale, managed services, and procurement through marketplaces,” said Beal. “Through the Barracuda Partner Success Program, Barracuda resellers, for example, will gain access to sales and marketing enablement with resources showcasing how hyperscalers can provide their customers with joint solutions built for today’s modern IT environments. Further, Barracuda MSP, our MSP-dedicated business unit, enables managed service providers to offer customers multilayered security and data protection services using Barracuda’s award-winning products in combination with our purpose-built MSP management platforms.”
“As a reseller, one of the most significant advantages of the new Barracuda Partner Success Program is that it includes all our sales from all three routes to market. It’s really exciting to be recognized for all of our business across the entire Barracuda portfolio — new and existing — resale, MSP, or marketplaces,” said Larry Fulop, VP of Marketing and Technology at MicroAge.
“At Barracuda, we’re on a mission to deliver innovative security products that protect and support our partners and their customers,” said Patrick O’Donnell, SVP, Worldwide MSP Sales at Barracuda. “We work closely with our partners and value their collaboration to bring to market solutions and programs that meet the unique needs of their customers.”
Next-generation tools uplevel partner engagement
With the launch of the Barracuda Partner Success Program, Barracuda is also delivering next-generation capabilities to its Partner Portal.
“We’re excited to be investing to up-level partner engagement and help our partners more quickly and easily engage with Barracuda’s solutions and services offerings, certifications, and more,” added Beal.
Effective early 2024, resellers participating in the Barracuda Partner Success Program will benefit from the refreshed Premier, Preferred, Authorized, and Affiliate levels. Get more information about the features and benefits of the Barracuda Partner Success Program in the Barracuda Partner Portal.
Resources:
Read the blog post: http://cuda.co/blg120523
About Barracuda
At Barracuda we strive to make the world a safer place. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers’ journey. More than 200,000 organizations worldwide trust Barracuda to protect them — in ways they may not even know they are at risk — so they can focus on taking their business to the next level. For more information, visit?barracuda.com.
Barracuda Networks, Barracuda and the Barracuda Networks logo are registered trademarks or trademarks of Barracuda Networks, Inc. in the U.S., and other countries.
Contact
Anne Campbell
Barracuda Networks, Inc.
978-328-1642
acampbell@barracuda.com
Source: Barracuda Networks, Inc.
04 Dec
COPENHAGEN, Denmark – December 04, 2023 — / BackupReview.info / — Keepit, the market leader in SaaS data protection and management, is set to make waves at the Gartner Infrastructure, Operations & Cloud Strategies Conference (IOCS) from December 5 to 7, 2023. With a dedicated booth and two thought-provoking speaking sessions, Keepit reinforces its commitment to shaping discussions around next-level data protection strategies, compliance and artificial intelligence.
Put customers first and stay compliant
With innovation, digital transformation, and SaaS adoption forever accelerating, many companies face significant challenges— and among the more daunting is meeting constantly changing compliance and privacy regulations.
This is the backdrop for the session titled “How Baptist Health adopted a comprehensive SaaS data protection strategy,” led by Ryan Hooley, Senior Director of Enterprise Architecture at Baptist Health, and Niels Van Ingen, Chief Customer Officer at Keepit.
The discussion covers the challenges customers go through when modernizing their digital approach. It focuses on SaaS migration, DevOps practices, achieving cyber resilience and getting ahead of compliance matters.
This session is anchored around healthcare but applies to many verticals: The audience will get insights into a real-world customer journey, hear examples of how compliance affects backup and recovery requirements, what data security and sovereignty issues must be addressed, and what current best practices for complete data protection really look like to become cyber resilient.
Cyber resilience, SaaS data and control planes, AI, and ML
Ingen also teams up with Jakob Østergaard, Chief Technology Officer of Keepit, to drive a session exploring what to act on to achieve robust SaaS cyber resilience in an insecure world.
Many organizations have significant blind spots in this area, yet through digital transformation, the business depends on the many applications and associated data to be resilient.
Titled “Supercharge Your SaaS cyber resilience in an AI-driven world,” this discussion focuses on:
“True data backup and recovery are the last lines of defense in safeguarding data, ensuring resilience against cyber threats and unforeseen incidents. While organizations are realizing the criticality of data protection, it can seem a daunting task to pick the technology best suited to deliver to their specific requirements. Keepit’s sessions at Gartner IOCS address the real-world challenges organizations face,” explains Jakob Østergaard.
Gartner IOCS attendees can connect with Keepit’s experts at booth 245, with hands-on demonstrations of cutting-edge solutions and engage in conversations with the team about the future of data protection, compliance, and how to cut costs on your cloud journey.
The Keepit team will also be sharing the latest insights on how to mitigate the impact of ransomware attacks by ensuring fast and complete recovery for enterprises. Research shows that a strong backup and recovery strategy can mean the difference between organizations being able to ignore extortionists and having to succumb to paying ransom again and again.
Speaking Session 1:
WHAT: Solution Provider Session, “Keepit – How Baptist Health adopted a comprehensive SaaS Data protection strategy”
WHO: Niels Van Ingen, Keepit Chief Customer Officer, and Ryan Hooley, Senior Director of Enterprise Architecture at Baptist Health
WHERE: Venetian Ballroom 1
WHEN: Wednesday, Dec. 6, 11:15 a.m.
Speaking Session 2:
WHAT: Theater Session, “Keepit – Supercharge your cyber resilience in a AI-driven world”
WHO: Jakob Østergaard, Keepit Chief Technology Officer, and Niels Van Ingen, Keepit Chief Customer Officer.
WHERE: Theater 3
WHEN: Tuesday, Dec. 5, 4:45 pm.
To arrange a product demonstration or meeting with a member of the Keepit team at the conference, stop by booth #245.
About Keepit
Keepit provides next-level SaaS data protection for companies with data stored in the cloud. Keepit is the world’s only vendor-neutral and independent cloud dedicated to SaaS data protection based on a blockchain-verified solution. Keepit protects data in key business applications, including Microsoft 365, Microsoft Azure AD, Google, and Salesforce. Headquartered in Copenhagen with offices and data centers globally, Keepit is trusted by thousands of companies worldwide to protect and manage their cloud data. For more information, visit www.keepit.com or follow Keepit | LinkedIn.
Contact:
RedIron PR for Keepit
Kari Walker
kari@redironpr.com
Source: Keepit
Sparks, NV – December 4, 2023 — / BackupReview.info / — NAKIVO Inc., a fast-growing software company for protecting physical, virtual, and cloud environments, has announced today that Orleans Southwest Supervisory Union has selected NAKIVO Backup & Replication to protect their environment.
Orleans Southwest Supervisory Union (OSSU) serves school-age children from pre-kindergarten through twelfth grade in the towns of Craftsbury, Greensboro, Hardwick, Stannard, Wolcott, and Woodbury in the State of Vermont, USA. The school district believes in creating strong student, family, staff, and community partnerships with the goal of providing an education that is relevant and meaningful to each child in the district.
The school district virtualized the IT infrastructure of 52 physical servers and now runs 6 physical servers and 10 virtual machines. VMs store user files, a student information system, and other functional needs systems used for the administration of the district. Backups are stored on the NAS devices at distributed locations. Ease of recovery is key to the disaster recovery procedures that are in place at the schools. As the school district stores a great amount of personal information, backup and recovery are crucial to the success of daily operations.
Before virtualization, tape backups were used for data protection. The main disadvantages were long backup times and slow recoveries. NAKIVO Backup & Replication has been the school’s VM backup solution for four years and replaced backup to tape. “NAKIVO Backup & Replication was the right product for us due to the ease of use and manageability,” says David Martin, Director of Technology and Communications at OSSU.
As one of the biggest drawbacks of backup to tape was speed, OSSU chose NAKIVO Backup & Replication for fast backups and recoveries. With backup to tape, large amounts of data were backed up extremely slowly, while recovering files also took a long time. NAKIVO Backup & Replication offers faster incremental VM backups and instant VM and granular recoveries.
NAKIVO Backup & Replication is installed on a Synology NAS box to create a backup appliance that combines hardware and software. “The platform is user-friendly and just works. The whole process of installing and configuring was a breeze. The dashboard is also user-friendly. Seeing what is being backed up with the rate and time is a nice feature. Running a job outside of the normal schedule is also painless,” says David.
“From scratch, the initial backup takes four to six hours. After the initial backup, the incremental backup takes less than 30 minutes. The product works. We can easily do a recovery, and notifications provide peace of mind, knowing data is backed up and protected,” says David.
With instant granular recovery, individual files and objects can be easily recovered to their original location or to a new machine. Instant VM recovery, can completely recover entire VMs to production, if needed. “NAKIVO Backup & Replication lets us easily manage instant VM recovery and ensures data is backed up and safe. The ease of use is what sealed the deal. In addition, many times users need a file recovered. Thus, NAKIVO Backup & Replication allows one to easily recover one file or a whole folder,” says David.
By switching from backup to tape to VM backup, OSSU managed to save time on backup. While recovery was previously a long process, now OSSU can easily recover entire VMs and individual files. Lastly, NAKIVO Backup & Replication helped OSSU save time on backup administration because of a user-friendly web interface and notifications center. “Tapes were messy and took too much time. No swapping of tapes and just using NAS boxes has saved us one to three hours weekly. Moreover, technical support has resolved issues quickly and professionally, as they always find the best fix. NAKIVO Backup & Replication has freed up time on backup administration and allows us to easily back up VMs. We now can easily recover and back up and have less headaches than with tape backups,” says David.
RESOURCES
About Orleans Southwest Supervisory Union
Schools in Orleans Southwest Supervisory Union exist so that all students are empowered with the knowledge and skills needed to achieve their full potential and become successful, responsible, and contributing members of society- both locally and globally. OSSU serves approximately 1100 students PK-12 across six towns in four counties: Craftsbury and Greensboro in Orleans County, Hardwick and Stannard in Caledonia County, Wolcott in Lamoille County, and Woodbury in Washington County. For more information, visit www.ossu.org.
About NAKIVO
NAKIVO is a US-based corporation dedicated to delivering the ultimate backup, ransomware protection and disaster recovery solution for virtual, physical, cloud and SaaS environments. As one of the fastest-growing backup and ransomware recovery software vendors in the industry, NAKIVO boasts 24 consecutive quarters of double-digit growth, 5-star online community reviews, 98% customer satisfaction with support and a network of over 8,000 partners worldwide. Over 27,000 customers in 180 countries trust NAKIVO with protecting their data, including major companies like Honda, Cisco, Coca-Cola and Siemens.
Visit Nakivo 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
04 Dec
NEW YORK, NY – December 4, 2023 — / BackupReview.info / — Probax is delighted to announce the launch of MSP Backup and MSP Backup for Microsoft 365 (Standalone), in partnership with Veeam and Wasabi Technologies.
Developed for Managed Service Providers (MSPs) serving Small-to-Medium-Sized Businesses (SMBs), Probax’s latest backup management platform brings together the market-leading capabilities of the Veeam Data Platform with the performance, scalability and affordability of Wasabi hot cloud storage.
Built upon the foundation of Probax’s award-winning automation technology, MSP Backup empowers SMB-centric MSPs to deliver enterprise-grade data protection to their clients, sidestepping the complexity and operational costs typical of premium data protection solutions. In essence, Probax MSP Backup seamlessly bridges the gap between cutting-edge technology and simple, cost-effective cloud storage and deployment processes.
Key features include:
“Probax is fundamentally transforming data protection for MSPs and their end-user clients,” said Tim Smith, CEO of Probax. “With Veeam being the undisputed leader in data protection, year after year Probax is recognized as #1 in Veeam innovation. We’re delighted to launch the next phase of Probax’s innovative proprietary technology to enable SMB-focused MSPs to connect Veeam’s latest Direct to Object Storage capabilities with Wasabi’s scalable and affordable cloud storage, while leveraging extensive benefits that add real value to their business.”
“Veeam is on a mission to help every organization to not just bounce back from a data outage or loss but bounce forward. We do this by enabling them to achieve radical resilience through data security, data recovery, and data freedom,” said Matt Kalmenson, VP Global Sales and GTM, Cloud and Service Providers (VCSP). “It’s great to see Probax providing MSPs with a future-proofed integration between Veeam and Wasabi that enables them to help small to medium sized business to be resilient against any potential data loss or cyber attack.”
“With the Direct to Object Storage functionality released in Veeam v12, MSPs can easily and efficiently deliver end-to-end immutability for their SMB clients thanks to Probax MSP Backup,” said Laurie Mitchell, Senior Vice President, Global Partner Marketing at Wasabi Technologies. “Wasabi is excited to integrate into this world-first solution that seamlessly unifies Veeam’s Enterprise strength with Wasabi’s leading-edge cloud efficiency and high-performance.”
Having completed the sale of its channel partner program and services in August 2023 to strategically focus on MSP backup software, MSP Backup is the evolution of Probax’s award-winning Hive and Scout products.
Probax MSP Backup will be distributed via cloud marketplaces to streamline purchasing globally. No matter where Veeam MSP partners are in the world, they’ll get MSP Backup running with a simple click.
To learn more about Probax MSP Backup, visit https://probax.io
About Probax
https://probax.io
Probax is a multi-award-winning data protection software provider for Managed Service Providers (MSPs). As a Platinum Veeam Cloud & Service Provider (VCSP), Probax proudly holds numerous VCSP Innovation and VCSP Partner of the Year awards from Veeam. Trusted by thousands of organizations across the globe, Probax delivers cutting-edge data protection and cloud storage solutions through innovative automation technology, simplifying operations and driving down costs. Learn more at probax.io or follow Probax on LinkedIn @probax.
About Veeam Software
https://www.veeam.com
Veeam®, the #1 global market leader in data protection and ransomware recovery, is on a mission to help every organization not just bounce back from a data outage or loss but bounce forward. With Veeam, organizations achieve radical resilience through data security, data recovery, and data freedom for their hybrid cloud. The Veeam Data Platform delivers a single solution for cloud, virtual, physical, SaaS, and Kubernetes environments that gives IT and security leaders peace of mind that their apps and data are protected and always available. Headquartered in Columbus, Ohio, with offices in more than 30 countries, Veeam protects over 450,000 customers worldwide, including 73% of the Global 2000, who trust Veeam to keep their businesses running. Radical Resilience starts with Veeam. Learn more at www.veeam.com or follow Veeam on LinkedIn @veeam-software and X @veeam.
About Wasabi Technologies
https://wasabi.com/
Wasabi provides simple and affordable hot cloud storage for businesses all over the world. It enables organizations to store and instantly access an unlimited amount of data with no complex tiers or egress or API fees, delivering predictable costs that save money and industry leading security and performance businesses can count on. Trusted by 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 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 Linkedin, X, 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
December 01, 2023
The top 100 Cloud based online backup companies are grouped into 4 categories, namely:
1) Consumer – for the general consumers
2) Small Medium Business (SMB) – for small and medium businesses
3) Enterprise – for large enterprise corporations
4) Enablers – for enablers, channel, white label companies
The top 100 Cloud Backup Companies are determined based on specific criteria, and also take into consideration news releases companies publish in the preceding month, server stability, reports from our mystery shoppers, our own reviews, the company’s culture and ethics, users’ feedback, company corporate blogs, and more.
To read our official news release regarding our top 100 online cloud backup companies, please click here.
Unless otherwise indicated, all domains are “dot com” websites.
Note: Some companies might have products and/or services in 2 or more categories.
# | CONSUMER | SMALL MEDIUM BUSINESS | ENTERPRISE | ENABLERS |
01 | Backblaze | Arcserve | Databarracks | Asigra |
02 | IDrive | IDrive Business | Arcserve | Veeam |
03 | Carbonite Safe | Backup-Everything | Assured-DP | Rubrik |
04 | Acronis | Keepit | Cohesity | HYCU |
05 | SpiderOak | Carbonite Server | HYCU | Novastor |
06 | Livedrive | CrashPlan | StorageGuardian | OwnBackup |
07 | KeepVault | JungleDisk | Nasuni | Arcserve |
08 | Sync.com* | CloudOak | CrashPlan | BaculaSystems |
09 | SugarSync* | Cove Data Protection (N-able) | Egnyte | Acronis |
10 | Dropbox* | MSP360 | Druva | Datto |
11 | Box* | ElephantDrive | Zerto** | CommVault |
12 | ADrive | DriveHQ | Cloudian | Dell EMC |
13 | SOSOnlineBackup | BackupAssist | ExaGrid | Druva |
14 | OpenDrive* | USDataVault | Nakivo | Actifio |
15 | Norton | BackupDirect.net | Panzura | Barracuda (Intronis) |
16 | EazyBackup.ca | Novosoft | Kaseya | Vembu |
17 | MyPCBackup | Dropbox Business* | Veritas | IBM (Spectrum Protect) |
18 | Memopal | Azure.Microsoft.com | Clumio | Falconstor |
19 | iCloud* | SolutionUnion | DataStorageCorp | Cobalt Iron |
20 | Google Drive* | BackupVault.co.uk | MSP360 | Redstor (Attix5) |
21 | OneDrive* | CentralDataStorage | 1111Systems | Axcient |
22 | Amazon Drive* | BackupManager | FantasticCS.co.uk | CTERA |
23 | pCloud | Nordic-Backup | RestorePoint.net | N2WS** |
24 | SecureBackup | DataDepositBox | LongViewSystems | Unitrends |
25 | Cloud Daddy | SafeDataStorage.co.uk | Duplicati | Infrascale |
To learn more about the enabling companies and their respective categories, click here.
===========
* Storage and collaboration solution good for consumers, SMBs, as well as enterprises.
** Replication solution
===========
Do you have any feedback on these top 4X25 cloud backup companies picks? Are there companies listed in a wrong sector? Did we miss your favourite company? Tell us why.
© 2023 – BackupReview.info
December 01, 2023
The growth of the cloud backup industry, over the last decade has been dramatic. The market has witnessed the rise and fall of many startups and stabilization of others. Interestingly, the companies that have gained a strong foothold in the industry are not all similar. There is a subtle distinction in the nature and types of services they offer. Some of these companies are pure enablers, while others combine enablement functions with direct-to-market services. Yet others, may license the software from enablers with or without re-branding options and service the cloud backup service needs of their clients.
Five distinct categories can be identified as under (click on links for details):
1/ Pure Enabler
2/ Enabler & Service Provider – Channel or Direct
3/ Service Provider – Channel Only
4/ Service Provider – Channel and Direct
5/ Service Provider – Direct Only (For complete list of companies, see our top monthly ranking list)
Based on a number of factors, such as technology, features, easy of use, dedication to MSPs, channel, revenue structure, reputation, support, price entry point, value, and corporate culture of the companies, we have summarized our rankings.
The companies are categorized in their respective columns. If we have made an error in the category or companies have changed their business plan and as a result need to be categorized in a different column, please let us know.
Note: Click on company names to read their profiles
No. | Company Ranking (Click links for more details) |
Pure Enabler | Enabler & Service Provider Channel or Direct |
Service Provider Channel Only | Service Provider Channel and Direct |
1 | Asigra | Y | |||
2 | Veeam | Y | |||
3 | Rubrik | Y | |||
4 | HYCU | Y | |||
5 | Novastor | Y | |||
6 | OwnBackup | Y | |||
7 | Arcserve | Y | |||
8 | BaculaSystems | Y | |||
9 | Acronis | Y | |||
10 | Datto | Y | |||
11 | Commvault | Y | |||
12 | Dell EMC | Y | |||
13 | Druva | Y | |||
14 | Actifio | Y | |||
15 | Barracuda (Intronis) | Y | |||
16 | Vembu | Y | |||
17 | IBM Spectrum Protect | Y | |||
18 | Falconstor | Y | |||
19 | Cobalt Iron | Y | |||
20 | Redstor (Attix5) | Y | |||
21 | Axcient | Y | |||
22 | CTERA | Y | |||
23 | N2WS | Y | |||
24 | Unitrends | Y | |||
25 | Infrascale | Y |
For online backup companies that offer direct services to end users, please check out our top online backup monthly rankings. These 75 companies are listed in three columns – Consumer, SMBs and Enterprises.
I. Pure Enablers: These are companies that develop and own the online backup software. They license the product to their MSP partners. The MSPs can re-brand the product and sell services under their own banner and brand and are supported by the enabling company for deployment of the software. Pure enablers do not provide any cloud backup services themselves and do not own/host any vaults. No channel conflict. These companies may also partner with distributors and resellers for distribution or sale of licenses.
II. Enablers & Service Providers – Channel or Direct: These are companies who go direct-to-market with online backup services using software developed and owned by them or licensed from other enablers. If they own the software or have the distribution rights for the software they may license the software to their MSP partners for extending the reach of the market. MSPs can only act as channels for the Enabler or use the software (without branding) for providing services to their clients.
III. Service Providers – Channel Only: These are companies who go direct-to-market with online backup services using software developed and owned by them or licensed from other enablers. They may own/host their vaults, but go-to-market ONLY through their wholesale resellers. If they own the software or have the distribution rights for the software, they may license the software to their MSP partners for extending the reach of the market. MSPs can only act as channels for the Enabler or use the software (without branding) for providing services to their clients. They do not sell cloud backup services directly to end-user customers. No channel conflict.
IV. Service Provider – Channel and Direct: These are companies who go direct-to-market with online backup services using software developed and owned by them or licensed from other enablers. These companies license software from enablers, and own/host their vaults, but go-to-market BOTH directly to end-user customers AND through their wholesale resellers. If they own the software or have the distribution rights for the software they may license the software to their MSP partners for extending the reach of the market. MSPs can only act as channels for the Enabler or use the software (without branding) for providing services to their clients. Potential for channel conflict.
V. Service Providers – Direct Only: These are companies who develop and own their own software or license it from an enabler and own/host their vaults, but go-to-market directly to end-user customers. for providing online backup services to their clients. They do not sell cloud backup services via resellers. No channel conflict.
1. Asigra – Based in Toronto, Canada, Asigra describes itself as a company that is devoted to furthering cloud Backup, Recovery and Restore (BURR) by offering its cloud solutions entirely through its Partner ecosystem. The company prides itself on its role as a cloud service enabler and focuses all its energies on architecting a cloud solution that is agentless; differentiated with a robust backup and recovery engine and a capacity based pricing model. With over thirty years of experience and 1,000,000 deployments globally, Asigra is distinguished by its innovation and efforts at educating the data protection marketplace and driving the demand for best-of-the-breed cloud-based services. The company assumes a non conflicting role and believes in creatively nurturing its Partner ecosystem by providing its partners with value beyond the software. Asigra is committed to providing its partners with effective marketing and sales tools to help them scale their cloud backup business and position themselves as leaders within the market. With an aggressive Partner Program, Asigra partners are able to deploy cost-effective public, hybrid and private cloud solutions to consumers, SMBs and Enterprises worldwide. Service Providers Powered by Asigra, including Terremark (a Verizon company), NTT America, Centre Technologies, Highstreet IT Solutions, INFINIT Consulting, Pulsant and Backup Technology, are actively helping define standards for the industry. In January 2022, Asigra appointed Eric Simmons, CEO; Val Silva, CTO; Pete Nourse, Chief Revenue Officer/Chief Marketing Officer; and Chris Gilkes, VP of Worldwide Sales. Former founder and CEO David Farajan had been at the helms of the company since 1986; and son, Eran Farajun, served the company as EVP since 1996. For more information, visit www.asigra.com
2. Veeam – Founded in 2006, Veeam currently has 51,000+ ProPartners and 267,500+ customers with the highest customer satisfaction scores in the industry. It is headquartered in Baar, Switzerland, with has offices in more than 30 countries. Veeam® recognizes the new challenges companies across the globe face in enabling the Always-On Enterprise™, a business that must operate 24.7.365. To address this, Veeam has pioneered a new market of Availability for the Always-On Enterprise™ by helping organizations meet recovery time and point objectives (RTPO™) of less than 15 minutes for all applications and data, through a fundamentally new kind of solution that delivers high-speed recovery, data loss avoidance, verified recoverability, leveraged data and complete visibility. Veeam Availability Suite™, which includes Veeam Backup & Replication™, leverages virtualization, storage, and cloud technologies that enable the modern data center to help organizations save time, mitigate risks, and dramatically reduce capital and operational costs, while always supporting the current and future business goals of Veeam customers. To learn more, visit www.veeam.com or follow Veeam on Twitter @veeam.
3. Rubrik – Launched in 2014 and headquartered in Palo Alto, California, Rubrik is one of the latest companies to enter the data protection space. It has developed the world’s first Cloud Data Management platform for data protection, search, analytics, archival and copy data management for hybrid cloud enterprises. With its motto to “simplify how businesses around the World keep and use their data”, Rubrik builds beautifully simple products for businesses to meet their most challenging data management needs. Rubrik blends expertise from both consumer and enterprise worlds to pioneer a fresh approach to an old problem. It combines traditional backup with the ability to recover, manage, and secure data across public and private clouds. In its short existence, Rubrik has spread its wings in 5 continents and grown into a 600 employee corporation, and now has $150M run-rate in bookings in just 8 quarters of selling, and signed 500+ channel partners across the globe. It has received numerous industry awards including: #7 on LinkedIn’s Top Companies | Startups 2017 list, Gartner Visionary in 2017 Magic Quadrant for Data Center Backup and Recovery Solutions, Gartner Cool Vendor, Forbes Cloud 100, Forbes Next Billion Dollar Companies, Business Insider’s 51 Enterprise Startups to Bet Your Career On, InformationWeek Top 25 Vendors to Watch, CFO.com Top 20 Companies to Watch, Best of VMworld, and CRN Emerging Vendors, among others. Fortune 500 companies use Rubrik to manage data at scale while realizing data-driven services anytime, anywhere. “All Your Apps. Instantly Available.” For more information, please visit www.rubrik.com
4. HYCU, Inc.: 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 2,000 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. HYCU solutions are ideal for Service Providers, SIs and MSPs that can leverage an easy to deploy, manage and maintain a Backup as a Service and DR service offering. More information on becoming a Cloud Services Provider Partner are available at https://www.hycu.com/service-providers/. Or, learn more at www.hycu.com
5. NovaStor – NovaStor, a global company with offices in Switzerland, Germany and the U.S., markets its award-winning, Cloud, SMB and Enterprise backup and recovery products through MSPs, VARs, OEMs and System Retailers. It guarantees its Partners, Cloud, MSP, SMB and Enterprise customers personal account management, enticing discounts, extensive tailor-made product training, efficient lead generation, practical support for marketing and 24-7 local technical support. Further, it provides these Enterprise, Cloud and MSP Partners and customers with unlimited access to support forums, information portals and a variety of workshops, webinars and training sessions to promote the commercial interests of their partners. Partners and MSPs who sign up with NovaStor can expect to have the company’s full attention and support in building long-term, solid business relationships that are founded on transparency, simplicity and personal interaction. NovaStor proudly asserts on its website that its partner program constructs with all components required to to build successful companies that can capitalize on growth markets and create wealth for all stakeholders. The programs are designed to ensure that NovaStor and its partners, some of which include HP, General Mills, and Tieto, go to market with complete confidence that they will be successful together. For additional information, please visit www.novastor.com
6. OwnBackup, a leading cloud-to-cloud backup and restore vendor, provides secure, automated, daily backups of SaaS and PaaS data, as well as sophisticated data compare and restore tools for disaster recovery. Helping more than 1,000 businesses worldwide protect critical cloud data, OwnBackup covers data loss and corruption caused by human errors, malicious intent, integration errors and rogue applications. Built for security and privacy, OwnBackup exceeds the General Data Protection Regulation (GDPR) requirements for backed-up data. Co-founded by seasoned data-recovery, data-protection and information-security experts, OwnBackup is a top-ranked backup and restore ISV on Salesforce AppExchange and was awarded the Salesforce Appy Award in 2018. Headquartered in Englewood Cliffs, New Jersey, with R&D, support and other functions in Tel Aviv and London, OwnBackup is the vendor of choice for some of the world’s largest users of SaaS applications.
OwnBackup is a team of passionate, creative, curious individuals from all over the globe, but we all share a common belief: No company operating in the cloud should ever lose data.OwnBackup believes that your data should be safe and accessible no matter where it is stored, so it built a platform that integrates with leading SaaS/PaaS solutions to keep you covered. OwnBackup’s system complements your vendor’s built-in data-protection mechanisms by protecting you from data loss & corruption, caused by accidental deletion, bad code, rogue integrations, and malicious employees. OwnBackup’s availability and downtime is tracked in real-time on a publicly available site for complete transparency into its service, click here to view OwnBackup’s historical availability on-demand — http://status.ownbackup.com/
OwnBackup is drawing on its experiences in data recovery, data protection, and information security to build a best-in-class company that’s prepared for rapid growth.Its belief that you should never lose data on the cloud is driving it to constantly refine and improve its platform. It is the top-ranked backup & restore ISV on the Salesforce.com AppExchange, and it was picked as a Gartner 2015 “Cool Vendor” in Business Continuity and IT Disaster Recovery. For more information, visit http://www.ownbackup.com
7. 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 four 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 X.
8. Bacula Systems – Bacula Systems is Switzerland based leading Enterprise Open Core backup and restore software- Company, which combines Bacula’s enterprise-class open standards software with first-class support and professional services. Bacula Systems – a company known in the industry for its commitment to safe, secure and reliable backup solutions. It is a company that represents the disruptive force of open core in the industry, combined with professional development methodologies, support and accountability expected from enterprise software vendors. Leveraging the millions of downloads of the community project, Bacula Enterprise, is by far the most popular Open Core software solution for backup, data recovery and protection of computer data. Bacula software offers up to ten times lower total cost of ownership compared to proprietary solutions, higher reliability and proven performance in mission-critical enterprise environments. Bacula Systems provides world-class technical support, renowned training courses, and Bacula Enterprise Edition products via the Bacula Systems Subscriptions. Since early 2000, Kern Sibbald has been leading the Open Source community in the development of the Bacula project, which over recent years has built up a strong reputation, as a true enterprise-ready backup solution. Bacula Systems SA was founded in 2009 in order to provide full professional support services to the enterprise and via its network of Bacula Partners. For additional information, please visit www.baculasystems.com
9. Acronis – Headquartered in Burlington, MA and founded in 2002, Acronis a truly global provider of leading backup, disaster recovery, and secure file sharing and file access solutions. Acronis is a fast-growing international company with over 700 employees and over 900 partners in more than 145 countries worldwide. Acorns boasts well over 5,000,000 individual customers and over 500,000 business customers from various industries and has more than 50 patents under its name. Acronis’ award winning customer support centers offer 24/7 assistance to its customers worldwide. Acronis can help you securely migrate, protect and recover critical data wherever it resides in your physical, virtual or cloud environments. With a Unified Platform and new generation technology, its innovative solutions are designed to ease the management burden and reduce total cost of ownership, while improving your recovery time objectives. Acronis provides complete, efficient, and reliable backup solutions for desktop, server, virtual, and cloud environments, as well as leading file sharing and sync solutions for mobile devices. For more information, please visit www.acronis.com
10. Datto – Datto Inc. is an award-winning global vendor of backup, disaster recovery (BDR) and Intelligent Business Continuity (IBC) solutions, providing best-in-class technology and support to its 5,000+ channel Partners throughout North America and Europe. Datto is the only hybrid-cloud BDR/IBC vendor that provides instant on- and off-site virtualization, and screenshot backup verification, achieved through its Inverse Chain Technology(TM). Catering to the specific needs of the small to medium-size business market, the Datto product line is comprised of three families; Datto SIRIS 2 (SIRIS 2 Business, SIRIS 2 Professional, SIRIS 2 Enterprise), Datto ALTO 2 (ALTO 2, ALTO XL, ALTO XL Professional), and Datto NAS. Datto partners with the best technology providers in the industry to deliver the most robust and seamless BDR and business continuity solutions available, including: AutoTask, ConnectWise, Kaseya, Level Platforms, Servoyant and StorageCraft. Founded in 2007 by Austin McChord, Datto is privately held. Datto became a publicly traded company in October 2020. For more information, please visit www.datto.com
11. CommVault – Commvault is a leading provider of data protection and information management solutions. A Gartner Leader in Data Center Backup and Recovery market for the sixth consecutive year, Commvault helps companies worldwide activate their data to drive more value and business insight and to transform modern data environments. With solutions and services delivered directly and through a worldwide network of partners and service providers, Commvault solutions comprise one of the industry’s leading portfolios in data protection and recovery, cloud, virtualisation, archive, file sync and share. Commvault has earned accolades from customers and third party influencers for its technology vision, innovation, and execution as an independent and trusted expert. Without the distraction of a hardware business or other business agenda, Commvault’s sole focus on data management has led to adoption by companies of all sizes, in all industries, and for solutions deployed on premise, across mobile platforms, to and from the cloud, and provided as-a-service. For additional information, please visit www.commvault.com
12. Dell EMC – Dell EMC, a part of Dell Technologies, enables organizations to modernize, automate and transform their data center using industry-leading converged infrastructure, servers, storage and data protection technologies. This provides a trusted foundation for businesses to transform IT, through the creation of a hybrid cloud, and transform their business through the creation of cloud-native applications and big data solutions. Dell EMC services customers across 180 countries – including 98 percent of the Fortune 500 – with the industry’s most comprehensive and innovative portfolio from edge to core to cloud.
Products and Services:
Dell EMC Cloud Disaster Recovery: Cloud DR allows enterprises to copy protected VM’s from their on-prem Data Domain/ Integrated Data Protection Appliance to the public cloud, stored over object storage, then run orchestrated DR testing or Failover of those VMs copies to cloud instances and later automatically Failback those recovered cloud instances back to virtual machines on-premises. Cloud DR also allows customers to efficiently extend their on-premises data protection to VMware Cloud on AWS (VMC on AWS), by recovering the VMs copies stored over AWS S3 storage directly to new virtual machines over the VMC on AWS environment. The VMC on AWS environment is not required during on-going protection and can be obtained on-demand when recovery is needed. Customers that wish to use Data Domain replication from on-prem Data Domain to a DD VE instances in AWS to gain deduplication benefits, as well as Avamar’s agent-based application consistency, can use Cloud DR Advanced mode in order to enable orchestrated recovery of VMs and applications protected on-premises to EC2 instances in AWS and automated failback of those recovered instances back to on-premises virtual machines.
Data Domain Cloud Tier: Data Domain Cloud Tier provides best of breed technology that will allow businesses to gain the advantages of cloud while lowering overall TCO. With DD Cloud Tier, data is natively tiered to the public, private or hybrid cloud for long-term retention. Only unique data is sent directly from Data Domain to the cloud and data lands on the cloud object storage already deduplicated. With Dell EMC’s advanced deduplication, storage footprint is greatly reduced for cost-effective long-term retention in the cloud. A broad ecosystem of backup and enterprise applications and a variety of public and private clouds are supported with DD Cloud Tier. Data Domain’s pricing starts at sub $9K.
Data Protection Suite: Best-in-class Dell EMC Data Protection software solutions accelerate backups up to 20x and recovery up to 10x for mission-critical applications. Dell EMC software covers a broad range of applications, including everything from virtual machines to high IO/change rate OLTP, and VMware workloads running on AWS.
Dell EMC Data Domain has an open ecosystem strategy: It can serve as the target backup storage with both Dell EMC backup software as well as software from Dell EMC’s competitors, who incorporate Data Domain in their total solutions. Data Domain coupled with Dell EMC Data Protection Software gives customers the most out of their investment by providing them with a number of additional benefits.
Integrated Data Protection Appliance (IDPA): Powerful data protection in a single appliance that is easy to deploy and manage — no matter where data resides. The integrated appliance brings together protection storage and software, search, and analytics, plus simplified management and cloud readiness. The clean, intuitive interface of the IDPA System Manager provides a comprehensive view of data protection infrastructure from a single dashboard.
Some of these benefits include:
Key Features:
Efficient:
Comprehensive:
Cloud-Enabled:
13. Druva – Druva is the global leader in Cloud Data Protection and Management, delivering the industry’s first data management-as-a-service solution that aggregates data from endpoints, servers and cloud applications and leverages the public cloud to offer a single pane of glass to enable data protection, governance and intelligence–dramatically increasing the availability and visibility of business critical information, while reducing the risk, cost and complexity of managing and protecting it. Druva’s award-winning solutions intelligently collect data, and unify backup, disaster recovery, archival and governance capabilities onto a single, optimized data set. As the industry’s fastest growing data protection provider, Druva is trusted by over 4,000 global organizations, and protects over 40 PB of data. Learn more at www.druva.com and join the conversation at twitter.com/druvainc
14. 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. Actifio comes with rapid incremental forever backup and scalable instant recovery for database, NAS and file workloads in VMs, physical machines, and the Cloud; and a high-performance, scalable database cloning and instant recovery solution that is purpose-built for Oracle, MS SQL and ERP applications. Enterprise customers use Actifio to build higher quality applications faster by making high fidelity test data instantly available to authorized developers, to improve business resiliency and availability by rendering traditional backup and disaster recovery point tools obsolete, and to accelerate adoption of hybrid cloud architectures in service to those and many other enterprise use cases. Actifio captures data at a block level in native format, according to customized SLA, allowing to manage a physical copy, moved once and stored anywhere. Actifio uses unlimited virtual copies for instant access and protection, reducing business risk by minimizing application downtime, drastically reducing backup windows, and delivering lower RTOs and RPOs, for any size dataset across a wide variety of enterprise applications. Actifio delivers maximum advantage with lower TCO by reducing license, infrastructure, and operational costs, and by eliminating multiple point tools, data sprawl and manual processes. Actifio is Agile, Resilient, Independent, Secure and Scalable. For more, visit www.actifio.com or follow us on Twitter @Actifio.
15. Barracuda (Intronis) – Barracuda (NYSE: CUDA) simplifies IT with cloud-enabled solutions that empower customers to protect their networks, applications, and data, regardless of where they reside. These powerful, easy-to-use and affordable solutions are trusted by more than 150,000 organizations worldwide and are delivered in appliance, virtual appliance, cloud and hybrid deployments. Barracuda’s customer-centric business model focuses on delivering high-value, subscription-based IT solutions that provide end-to-end network and data security. Barracuda’s data protection business includes Barracuda Backup, a solution designed for the cloud that provides the flexibility to easily back up data wherever it resides – on premises or in the cloud – and replicate data to a secure cloud or to a private location. Barracuda Backup can be deployed as a purpose-built backup appliance, in virtual environments, or for cloud-to-cloud backup. Barracuda Backup physical appliance combines software, local storage and offside replication in a single package. Barracuda Backup Vx is a software solution for virtual environments that leverages existing compute and storage infrastructures. Barracuda Cloud-to-Cloud Backup replicates data from supported cloud environments into Barracuda’s Cloud Storage. For additional information, please visit www.barracuda.com
16. Vembu – Vembu is not a direct-to-customer sales Company. This, Chennai, India based company, takes its place in the cloud backup and recovery marketplace as a cost effective, hybrid data protection product developer, catering to the needs of small and medium businesses, through the agency of its partners. With over 2000 MSPs, VARs, resellers and distributors registered and marketing its product– StoreGrid–the company categorizes as a cloud enabler–a service provider’s service provider. Vembu’s award winning software StoreGrid–is built around a simple, pay as you go licensing model that integrates business automation and RMM platforms; supports backup of Disk Image, MS SQL, MS Exchange, MS Sharepoint, MySQL, VMWare and Oracle and the interfaces are completely customizable and brandable. The company nurtures its partners by constantly interacting with them at webinars and conferences and providing them with a range of marketing strategy tools. The company’s dynamic and interactive website provides partners and their customers with access to support forums, How-to videos, knowledge bases, FAQs and other systems. For additional information, please visit www.vembu.com
17. IBM Spectrum Protect – A solution by IBM, one of the leading technology companies, IBM Spectrum Protect™ (ISP) can simplify data protection where data is hosted in physical, virtual, software-defined or cloud environments. With ISP, you can choose the right software to manage and protect your data, while also simplifying backup administration, improving efficiencies, delivering scalable capacity and enabling advanced capabilities. ISP provides a single data protection platform and simplified administration for virtual and physical machines, using snapshots and backups. It is easy to use, provides policy-based multi-site replication, and flexible restore capabilities, allowing companies to scale and adapt quickly to changing business needs, without compromising security, privacy. It scales quickly and reduces backup infrastructure costs by more than half. ISP also feature: Automated deployment steps, Built-in cloud integration, Scalable performance, Multi-site replication, Optimized data protection, Reduced backup infrastructure costs, and Virtualized, software-defined infrastructures. For more information, visit: www.ibm.com
18. FalconStor – FalconStor (OTCQB: FALC) is a data protection company that enables enterprises to modernize their data backup and archival operations across sites and public clouds, delivering increased data security and providing the fastest recovery from a ransomware attack while driving down costs by up to 90 percent. A proven technology leader with more than 30 patents, FalconStor is trusted by more than 1,000 enterprise customers and an ecosystem of managed service providers and resellers worldwide. FalconStor enables secure backup and archival to the chosen cloud provider with no touch operations, making the entire process extremely easy. For more information, visit www.falconstor.com or call 1-866-NOW-FALC (866-669-3252).
19. Cobalt Iron – Cobalt Iron was founded in 2013 to bring about fundamental changes in the world’s approach to secure data protection, and today the company’s Compass® is the world’s leading SaaS-based enterprise data protection system. Through analytics and automation, Compass enables enterprises to transform and optimize legacy backup solutions into a simple cloud-based architecture with built-in cybersecurity. Processing more than 8 million jobs a month for customers in 44 countries, Compass delivers modern data protection for enterprise customers around the world. www.cobaltiron.com
20. Redstor (Attix5) – Founded in the UK in 1998, and headquartered in Reading, UK, Redstor is a well-respected and trusted global provider of cloud backup and disaster recovery software and services. Redstor is a fast growing, international, data management software as a service (SaaS) business. In the fall of 2015, Redstor acquired Attix5, a South African based cloud backup enabling company. For almost two decades, Redstor has been the Data Management & Security Company of choice for businesses and organisations looking for a trusted advisor to manage and secure their data. Redstor’s focus is on partner-enabled cloud backup as a service (BAAS), delivering these services either through its own storage platforms around the world, or by supplying its Backup Pro software to power its partners’ own service platforms. Redstor-powered services are currently available through hundreds of partners worldwide. As an ISO 27001 and ISO 9001 certified organisation, Redstor combines technical excellence with proven processes to deliver innovative, flexible and secure cloud services that reduce risks and cost to end users. Redstor platform currently addresses Backup, DR and Archiving and its journey is towards incorporating security, access and insight, all managed and controlled from one place. Restor gives its customers control over their most valuable asset — their data — wherever, whenever, all from a single console. For more information, visit www.redstor.com
21. Axcient – Axcient (founded in 2006 at Mountain View, California), is a privately held company backed by Allegis Capital, Peninsula Ventures and Thomvest. The Company provides cloud services through a network of MSPs, distributors and resellers. A dedicated management team is geared to develop its partner programs and provide continuous support with a variety of training options and co-marketing choices. Certification of at least one member of the staff as Axcient Support Technician is a precondition to partnership. The company does not encourage development or modification of Axcient’s appliances or request for phone based trainings. The frictionless partnership philosophy is extended to partner relations and indirectly to customer relations. The Axcient platform combines ease of use with unprecedented uptime guarantees to the small and medium business segment. Users can expect to enjoy cost savings with pay as you go service features, zero investment in infrastructure, license or software expenditures. The service integrates the best elements of on-premise data protection and online disaster recovery services to ensure customer satisfaction. For additional information, please visit www.axcient.com
22. CTERA Networks – CTERA Networks revolutionizes storage and data protection for SMBs and branch offices with Cloud Attached Storage®, a hybrid solution that combines secure cloud storage services with on-premises storage appliances for a seamless user experience. Current solutions for data storage and data protection – such as file servers and backup tape drives – are unnecessarily expensive and disparate. Since SMBs and branch offices are in short supply of IT staff and data management practices are often non-existent, there is a real need for a cost-effective, all-in-one solution for centralized storage and secure off-site data protection. Cloud Attached Storage by CTERA is the answer to the storage and data protection woes of SMBs and remote/branch offices (ROBO). Integrating reliable cloud storage with appliances that are integrated cloud storage gateways and network attached storage (NAS) devices, it provides much needed reliability and storage flexibility, bundled as an easy-to-use, remotely managed storage service. CTERA has designed its technology to cater to the needs of service providers, and is partnering with leading cloud service providers, MSPs and resellers to deliver managed storage, hybrid local/off-site backup and file sharing services to their customers. CTERA Networks is privately held and backed by Benchmark Capital. For additional information, please visit www.ctera.com
23. N2WS – Headquartered in Tel Aviv, Israel, N2WS was founded in 2012 with the mission of providing enterprise-class data protection for production environments deployed in the public cloud. N2WS Backup & Recovery, Cloud Protection Manager (CPM), was designed and built from the ground up to meet all backup and DR requirements for enterprises on AWS and is now the leading enterprise-class backup, recovery, and disaster recovery solution specifically optimized for Amazon’s AWS EC2 infrastructure. Enterprises can recover complete servers/instances, specific volumes, or individual files in seconds to other AWS regions or even another AWS account, and be back up to production in only seconds. N2WS offers a 30-day free trial with no credit card needed. Interested parties can test-drive all features of our Enterprise edition so they will be able to see first hand how to efficiently and cost-effectively protect their EC2 instances, RDS, DynamoDB, Aurora databases, as well as Redshift clusters, utilize both cross-region and cross-account DR, as well as take advantage of all new and enhanced latest versions. N2WS wasacquired by Veeam in January 2018 for $42.5 Million all cash. Veeam kept N2WS as a separate entity until November 2019, then volunteerly sold it back to the original founders for an undisclosed amount (rumoured to be sold at a huge discount from its original purchase price of $42.5M), after Veeam became the subject of investigation by the US government for its Russian operation. For more information, visit www.N2WS.com
24. Unitrends – Headquartered in Burlington, MA, Unitrends increases uptime, productivity and confidence in a world in which IT professionals must do more with less. Unitrends leverages high-availability hardware and software engineering, cloud economics, enterprise power with consumer-grade design, and customer-obsessed support to natively provide all-in-one enterprise backup and continuity. The result is a “one throat to choke” set of offerings that allow customers to focus on their business rather than backup. Unitrends eliminates backup complexity and stress with all-in-one enterprise backup and continuity. Unitrends provides simpler, better, and smarter IT solutions, allowing you to get more free time with all-in-one backup appliances powered by simplicity. Unitrends solutions are pre-integrated and optimized with high-speed performance, deduplication, and predictive analytics needed to protect diverse environments. Built-in ransomware detection and SLA Policy Automation save time and deliver complete confidence in recovery. Learn more by visiting www.unitrends.com or follow on Twitter @Unitrends and LinkedIn.
25. Infrascale – Infrascale is a parent company of SOS Online Backup (www.SOSOnlineBackup.com), a leading provider of cloud backup, recovery and archiving solutions for businesses and consumers, supporting more than 50,000 small businesses and individuals around the world. Infrascale provides the most powerful disaster recovery and cloud backup solutions in the world, and is recognized as a 2017 Gartner Leader for Disaster Recovery as a Service. Founded in 2011, the company aims to give every organization the ability to recover from a disaster — quickly, easily and affordably. Combining intelligent software with the power of the cloud, Infrascale cracks the disaster recovery cost barrier by removing the complexity and cost of standby infrastructure to restore operations in minutes with a push of a button. Infrascale equips businesses with the confidence to handle the unexpected by providing less downtime, greater security, and always-on availability. In March 2020, SOS Online Backup, a solution offered by Infrascale, suffered a data breach as discovered and reported by vpnMentor. Personal data containing allegedly more than 135 million users were found unencrypted in a misconfigured Amazon S3 bucket. Visit www.infrascale.com or follow us on Twitter at @Infrascale for more information.
© 2023 – BackupReview.info
www.BackupReview.info releases ranking of the top 100 cloud backup companies, categorized into four sectors: Consumer, SMB, Enterprise, and Enablers; based on predefined standardized criteria, to help users select the appropriate cloud backup company.
December 01, 2023 – BackupReview.info publishes the December 2023 list of top ranking cloud backup companies, categorized into four sectors: Consumer, SMB, Enterprise, and Enablers. The list comprises of 25 companies under each category, for a total of 100 cloud backup solutions, based on standardized criteria defined on its site. This standardization of selection criteria goes a long way towards enabling users select the right cloud backup service for their specific needs.
“From 2005 to 2008, we ranked the top 25 companies on a monthly basis in one basket; and that was not easy to identify the solutions easily. Then in 2009, we added 50 more companies and started ranking the top 75 companies in three sectors – Consumer, SMB and Enterprise solutions. And beginning the October 2011 ranking, we have added a fourth column that identifies and ranks the top enablers”, said editor Ezra Brook. The top companies are presented in order of their rankings.
With hundreds of companies offering seemingly the same service, choosing the best cloud backup provider could be challenging. Users need a standard set of criteria on which to evaluate the different services and understand which one would suit them the best. Factors that generally play a role in selecting cloud backup service include service requirements such as: cost per GB, cost per PC or per account, security, speed (backup and restore), reliability, uptime, quality, customer service, accessibility and financial standing of the company.
The top 5 cloud backup companies, from each sector include:
The complete list of the top 100 cloud backup companies for December 2023 is found here.
BackupReview.info’s reviews, daily up to date news, articles and monthly rankings of the top cloud backup services, are supplemented with the voices from cloud backup and data storage companies. The CEO Interview spotlight section features interviews with CEOs/VPs and other senior executives of cloud backup and data storage companies. The ranking of the top 100 cloud backup companies is the endpoint of dedicated research and hours of hard work on the part of our research team. Interviews with key personnel in the online cloud backup and data storage industry, reviews, articles on backup basics and links to third party websites on the site, bring a 360 degree view of the online cloud backup and data storage industry.
About the company:
BackupReview.info has been running since 2004 and is dedicated to serving the cloud backup and data storage industry. By providing all relevant information, BackupReview helps potential users make the right choice for cloud backup solution. The site’s daily posts are published in a number of other websites, including Twitter, and its complimentary blog. Feature highlights of the site include: Daily up to date cloud backup and storage news, articles on backup basics, reviews of cloud backup services by its editors, and from other review sites, and aggregated online backup companies’ corporate blogs.
For more information, please visit: http://www.backupreview.info/.
Contact:
BackupReview.info
editor {@} BackupReview.info
30 Nov
SAN FRANCISCO, CA – November 30, 2023 — / BackupReview.info / — Scality, a global leader in reliable, secure and sustainable data storage software, today shared its annual data storage predictions for 2024. With the use of generative AI skyrocketing and cyberattacks continuing to infect organizations, ongoing demands to decrease IT complexity with secure, efficient solutions will dominate IT budgets into the new year. In addition, perennial data storage management challenges — growing data volumes, tight budgets, skills shortages, complicated IT installations, and increasing cyber threats — will persist.
While these are standard assumptions, this year, Scality focused its predictions on the ongoing conversations led by customers and thought leaders in the data storage industry.
“We’ve had some interesting industry debates with thought leaders this past year, including the potential death of the hard disk drive (HDD), the role on-premises data storage can play to help advance data management and AI, and, finally, what it really takes to protect data from ransomware. This year’s predictions play off all of these themes.” — Giorgio Regni, CTO Scality
HDDs will live on, despite predictions of a premature death
Some all-flash vendors prognosticate the end of spinning disk (HDD) media in the coming years. While flash media and solid state drives (SSDs) have clear benefits when it comes to latency, are making major strides in density, and the cost per GB is declining, we see HDDs holding a 3-5x density/cost advantage over high-density SSDs through 2028.
Therefore, the current call for HDD end-of-life is akin to the tape-is-dead arguments from 20 years ago. In a similar way, HDDs will likely survive for the foreseeable future as they continue to provide workload-specific value. Further analysis can be found in this series:
All-flash storage all the time? Why it doesn’t make sense for petabyte-scale data
High-density HDD vs. QLC flash: Demystifying the power efficiency debate
End users will discover the value of unstructured data for AI
The meteoric rise of large language models (LLMs) over the past year highlights the incredible potential they hold for organizations of all sizes and industries. They primarily leverage structured, or text-based, training data. In the coming year, businesses will discover the value of their vast troves of unstructured data, in the form of images and other media.
This unstructured data will become a useful source of insights through AI/ML tooling for image recognition applications in healthcare, surveillance, transportation and other business domains. Organizations will store petabytes of unstructured data in scalable “lakehouses” that can feed this unstructured data to AI-optimized services in the core, edge and public cloud as needed to gain insights faster.
Ransomware detection will be the next advancement in data protection solutions
In recent years, the tech industry has made tremendous strides in protecting data against all manner of threats, including increasingly destructive malware and ransomware. This is exemplified by the rise of immutability in data protection and data storage solutions, especially for backup data.
While data protection and restoration are a major cornerstone that serves as a critical last line of defense in a layered cybersecurity infrastructure, new advancements in AI-generated ransomware detection capabilities will emerge in data protection and storage solutions in 2024.
Managed services will become key to resolving the complexity of hybrid cloud
Multi-cloud is a reality today for most enterprises, in their use of multiple SaaS and IaaS offerings from different vendors. However, the use of on-premises and public cloud in a single application or workload has become mired in the complexities of different application deployment models and multiple vendor APIs and orchestration frameworks.
While this has inhibited the powerful agility and cost-reduction promises of the hybrid-cloud model, throughout the coming year, organizations will increasingly leverage the experience and skills of managed service providers (MSPs) to solve these complexity issues, and help them achieve business value and ROI.
Read this blog post for a deeper dive into these predictions for 2024.
About Scality
Scality solves organizations’ biggest data storage challenges — growth, security and cost. Delivering 100% uptime, unbreakable ransomware protection and utmost resilience, Scality RING and ARTESCA make storage infrastructures infinitely scalable in all critical dimensions: capacity, performance, applications and data location. From core to cloud to edge, Scality object storage software is reliable, secure and sustainable. The world’s most discerning companies trust Scality so they can grow faster and execute new ideas quicker — while increasing efficiency and avoiding lock-in. Recognized as a leader by Gartner and IDC. Follow us on Twitter and LinkedIn. Visit www.scality.com, or subscribe to our blog.
Media Contact
Corey Eldridge
corey.eldridge@nadelphelan.com
Source: Scality
COLUMBUS, Ohio — November 30, 2023 — / BackupReview.info / — Veeam® Software, the leader in Data Protection and Ransomware Recovery, today introduced Zero Trust Data Resilience (ZTDR), a model to help organizations reduce the risk of growing data security threats and improve their overall resilience. Developed in collaboration with Zero Trust expert Jason Garbis of Numberline Security, ZTDR applies Zero Trust principles to backup and recovery as an extension to the Cybersecurity & Infrastructure Security Agency (CISA) Zero Trust Maturity Model. Essential to ZTDR is the separation of backup management systems and their storage tiers into distinct resilience zones to reduce the attack surface and limit the potential blast radius from breaches; and immutable backup storage, to ensure that data cannot be modified even in the event of a ransomware attack.
Modern, effective security is based on Zero Trust, replacing the increasingly ineffective perimeter-based security approach. Yet most Zero Trust frameworks do not include the security of data backup and recovery systems, despite the fact backup data is often the primary target of malicious actors in both ransomware and data exfiltration attacks. The Veeam Data Protection Trends Report 2023 found 93% of ransomware attacks are targeting backup repositories.
“Backup infrastructure by its nature has a large attack surface, because it must have read and write access to production, spanning virtually all enterprise applications and data sources, both on-premises and in the cloud,” said Jason Garbis, Founder at Numberline Security. “To reduce that risk, Numberline and Veeam are proposing practical Zero Trust Data Resilience tools, including core principles, an architecture, and a maturity model. Our goal is to help organizations fill a gap in their security strategy by extending Zero Trust to backup and recovery to achieve greater cyber resilience.”
Within the CISA Zero Trust Maturity Model, “Data” is one of five pillars, under which it identifies five key functions: Data Inventory Management, Data Categorization, Data Availability, Data Access and Data Encryption. To extend this model to the critical function of data backup and recovery, the ZTDR principles are:
To help organizations begin their journey to implement these principles, Numberline has developed a detailed ZTDR Maturity Model, as well as a ZTDR Reference Architecture which includes these key attributes for improved data resilience:
“The latest Veeam research shows that 75% of ransomware attacks on backups are successful,” said Danny Allan, CTO at Veeam. “To keep businesses running, it’s essential to ensure data immutability and to follow best practices like Zero Trust Data Resilience (ZDTR). With the ZTDR Maturity Model, every organization can chart their path to greater data security and less down time. While Veeam has always been committed to this architectural approach, we are working with storage partners to implement an industry leading zero trust model.”
“To combat escalating cyber threats like ransomware, there is a pressing need to unify and strengthen IT and security effectiveness leveraging frameworks like Zero Trust,” said Christophe Bertrand, Practice Director at ESG. “We have found in our latest ransomware state of the market research that 86% overall think Zero Trust is a key strategy for ransomware protection. Zero Trust Data Resilience is fundamental in addressing those needs to deliver a more robust security posture through faster and safer recovery.”
The full Zero Trust Data Resilience model, core principles, recommended architecture and maturity model are available in a free white paper here: https://go.veeam.com/zero-trust-data-resilience.
Register now for the Data Breach Today webinar featuring industry experts Jason Garbis (Numberline Security), Jerry Chapman (Numberline Security) and Bridget Bratt (Protiviti) scheduled November 30, 2023, at 1 PM ET: Extending Zero Trust with Data Resilience: Why Data Backup and Recovery Matter.
About Numberline Security
Numberline Security, LLC provides strategic Zero Trust Security education and advisory services, helping enterprises make sense of, implement, operationalize, and obtain maximum security and business benefits from this modern approach to information security. Learn more at numberlinesecurity.com.
About Veeam Software
Veeam, the #1 global market leader in data protection and ransomware recovery, is on a mission to help every organization not just bounce back from a data outage or loss but bounce forward. With Veeam, organizations achieve radical resilience through data security, data recovery, and data freedom for their hybrid cloud. The Veeam Data Platform delivers a single solution for cloud, virtual, physical, SaaS, and Kubernetes environments that gives IT and security leaders peace of mind that their apps and data are protected and always available. Headquartered in Columbus, Ohio, with offices in more than 30 countries, Veeam protects over 450,000 customers worldwide, including 73% of the Global 2000, who trust Veeam to keep their businesses running. Radical resilience starts with Veeam. Learn more at www.veeam.com or follow Veeam on LinkedIn @veeam-software and X @veeam.
Contact:
Veeam Software
Director, Global Public Relations
Heidi Monroe Kroft, 614-339-8200 x8309
Source: Veeam
LONDON, UK – November 30, 2023 — / BackupReview.info /– Databarracks announces the launch of Jump-Start, a pre-prepared, cloud-based recovery landing zone.
By using Infrastructure as Code (IaC), resources, networking, security, and governance are activated within minutes, ready for a complete recovery.
In a disaster invocation, Jump-Start delivers the quickest recovery time in a low-cost and secure solution.
James Watts, Managing Director, comments:
“Organisations are facing a gap in recovery capability. Ransomware attacks are spreading to secondary sites, outlasting replication, and leaving DR systems infected. In these situations, your first-choice recovery isn’t available. The only option is full recovery from backups.
“Before you can start that recovery, you need to source and install hardware and find somewhere to put it. When primary and secondary systems are affected, organisations rarely have the spare capacity and rack space to host anything further. You need to get recovery started, systems online and the business operational.
“Jump-Start is the fastest and most secure DR site. Deploying the recovery environment in the cloud via IaC means it’s isolated, secure and unaffected by issues to production. Recovery is accelerated because we bring the backups and the recovery environment together.
“One of the major benefits of Jump-Start is that you don’t need alternative hardware available or a recovery site. You don’t need to wait for on-premises hardware to be released from forensic investigation. You can recover immediately using Jump-Start.
“Our major ransomware recoveries are now typically in the cloud. That brings the benefit of reduced cost but also most critically, the guarantee that the recovery environment is clean. It’s air-gapped, and provisioned rapidly, when you need it.
“When an IT disaster happens, like a ransomware attack, time is of the essence. You need to make decisions and allocate resources quickly, and the better prepared you are for that, the better you’re likely to recover.
“With Jump-Start, we can now offer isolated recovery infrastructure in the cloud and guarantee the fastest possible infrastructure deployment and recovery. It combines key features of our most powerful recovery systems.
“We have an incredibly skilled Public Cloud Services team running DevOps for web-scale applications. We have a highly experienced and knowledgeable continuity and recovery team on the IT Resilience side of our business. Jump-Start brings the two sides together to deliver an innovative new service protecting our customers against the growing cyber threat.
“Disasters happen every day. A preconfigured recovery environment can reduce your recovery time and costs dramatically.”
About Databarracks
Databarracks is the technology and business resilience specialist.
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 contact:
Avinash Nandra/Alex Henderson
Spreckley Partners Ltd
Email: databarrackspr@spreckley.co.uk
Tel: +44 (0) 207 388 9988
Source: Databarracks
30 Nov
BURLINGTON, Mass. – November 30, 2023 — / BackupReview.info / — Acronis, the global leader in cyber protection, today announced it had been identified as a Leader in the IDC MarketScape: Worldwide Cyber Recovery 2023 Vendor Assessment (doc #US49787923, November 2023). This is the first IDC MarketScape report about cyber recovery which illustrates the growing importance of both proactive defense and reactive recovery within an organization’s ability to deal with cyberattacks. The IDC MarketScape report cites Acronis’ key offerings, including a single agent that simplifies deployment and enables unique integration capabilities as well as integrated end-point protection.
“Acronis was one of the first data protection vendors to identify and target the cyber recovery marketplace nearly five years ago and to rearchitect their solution specifically for cyber recovery,” the IDC MarketScape noted. Additionally, when referencing the company’s fundraising efforts in the past couple of years, the IDC MarketScape noted, “This additional research and development (R&D) allows the company to ‘punch above its weight’ among cyber recovery vendors.”
The IDC MarketScape report evaluated 12 of the cyber recovery vendors IDC believes are most significant worldwide for its 2023 Vendor Assessment, which is “intended to help IT buyers identify short-list candidates for the buyer’s specific scenario as a first step in the buying process or developing a proof of concept.”
In its reasoning naming Acronis a Leader, the IDC MarketScape listed several strengths that have earned the company this distinction, such as its solution architecture for cyber protection and recoveries; simple implementation and management; unique technology for data survival, data loss prevention, and threat detection; over 50 company-owned cloud data centers and support for all major cloud hyperscalers and physical and virtual environments as well as endpoint protection; as well as data classification to identify and protect the General Data Protection Regulation (GDPR), Health Insurance Portability and Accountability Act (HIPAA), and Personal Identifiable Information (PII).
“It is an honor to be recognized by the IDC MarketScape as a Leader in the cyber recovery market for their inaugural report,” said Gaidar Magdanurov, President at Acronis. “As new cyber threats appear daily, our mission is to continue offering the most reliable cyber protection.”
According to the report, “The sweet spot of Acronis is SMB organizations that are looking for a single, robust integrated solution that is easy to install and manage. However, it is also applicable to organizations with diverse workload requirements and geographically diverse operations. Acronis is certainly capable of scaling to address large-scale scenarios. Customers looking for a solution with many market-leading cyber-resilience features as well as those that want to leave the implementation and management up to a qualified Acronis channel partner will consider Acronis.”
For more information and to access the IDC MarketScape: Worldwide Cyber Recovery 2023 Vendor Assessment, please visit: https://www.acronis.com/en-us/blog/posts/acronis-named-a-leader-in-idcs-worldwide-cyber-recovery-2023-vendor-assessment.
About IDC MarketScape:
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
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.
Acronis is a Swiss company, founded in Singapore. Celebrating two decades of innovation, Acronis has more than 1,800+ employees in 45 locations. Acronis Cyber Protect solution is available in 26 languages in over 150 countries and is used by 20,000+ service providers to protect over 750,000 businesses.
Press contact:
Karl Bateson
+1 617 306 6275
Karl.Bateson@acronis.com
Source: Acronis
29 Nov
SAN JOSE, Calif. – November 29, 2023 — / BackupReview.info / — Panzura LLC, a leading provider of hybrid multi-cloud data management solutions, today announced that it has been identified as a Sample Vendor in the Gartner Hype Cycle for Storage and Data Protection Technologies, 2023. Panzura was named in the Hybrid Cloud Storage category for the second consecutive year, alongside nine other vendors.[1]
“For years, our sole focus has been on working closely with CIOs to develop hybrid multi-cloud data management products that ensure security, visibility, and control,” said Jill Stelfox, CEO of Panzura. “We’re thrilled to be recognized by Gartner for the second consecutive year, which to us is a testament to the great strides we’ve been taking toward helping our customers protect and manage their data more effectively.”
The report states, “This Hype Cycle focuses on emerging innovative storage and data protection technologies and assesses their business impact, adoption rate, and maturity level to help I&O leaders build adaptable, future-ready storage and data protection platforms for changing business needs.”
According to this year’s Hype Cycle report, “by 2026, 60% of I&O leaders will implement hybrid cloud deployments, which is a significant increase from 20% in 2023.” Also, “By 2026, large enterprises will triple their unstructured data capacity across their on-premises, edge and public cloud locations, compared to 2023.”
According to the report, the following are the drivers for adopting Hybrid Cloud Storage:
Following Panzura’s re-founding in 2020, the company has undergone a cultural shift and brought seven new patents to market. Over the last three years, it achieved a rise in annual recurring revenue of 271% and has grown at four times the rate of its nearest competitors. It has won industry-leading awards including the Inc. 5000 list of America’s Fastest Growing Companies in 2022 and 2023, as well as Inc.’s Best Workplaces for 2022 and 2023.
Gartner Disclaimer:
Gartner and Hype Cycle are registered trademarks of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved.?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 Panzura
Panzura makes hybrid multi-cloud data management seem easy. Panzura’s data management platform is a single, unified data engine designed to securely power the most rigorous, large-scale multi-site enterprise data work?ows across the globe. Intelligent edge technologies enable LAN performance with cloud economics together with simplified data management, advanced analytics, reduced operational complexity, and improved security. Find out more at panzura.com
Contact:
Panzura PR
+1-408-457-8504
pr@panzura.com
Source: Panzura
29 Nov
San Mateo, CA – November 29, 2023 — / BackupReview.info / — Cloudian today announced the launch of the HyperStore Bucket Migrator for the Amazon S3 Express One Zone storage class, a groundbreaking utility designed to empower organizations with seamless data migration capabilities from Cloudian HyperStore on-premises storage to S3 Express One Zone. Cloudian’s support of S3 Express One Zone signals its continuing commitment and leadership in supporting customers with the latest Amazon Web Services (AWS) advancements and a foundation of services they can access, trust, and act on to achieve successful outcomes.
Amazon S3 Express One Zone is purpose-built to deliver the fastest cloud object storage for performance-critical applications that demand consistent single-digit millisecond request latency. S3 Express One Zone can improve data access speeds by 10x and reduce request costs by 50% compared to S3 Standard and scales to process millions of requests per minute for your most frequently accessed datasets. While you have always been able to choose a specific AWS Region to store your S3 data, with S3 Express One Zone you can now select a specific AWS Availability Zone within an AWS Region to store your data. You can choose to co-locate your storage with your compute resources in the same Availability Zone to further optimize performance. S3 Express One Zone use cases span a wide array of industries and applications, including processing autonomous vehicle data, financial risk modeling, real-time online advertising, and machine learning training and inference.
The HyperStore Bucket Migrator for S3 Express One Zone seamlessly migrates on-premises object storage data to any AWS Availability Zone with S3 Express One Zone, thereby letting customers rapidly utilize available GPU resources and the highest performance of all Amazon S3 storage classes. Compute costs can be lowered by using fleets of instances that can accelerate the processing of data and then be quickly shut down once processing is complete. The end-to-end Cloudian and AWS solution delivers cost effective just-in-time business outcomes in use cases such as generative artificial intelligence (AI) and large language models (LLMs).
“We believe that Cloudian’s HyperStore Bucket Migrator for S3 Express One Zone will play a critical role in the hybrid cloud by helping us seamlessly migrate on-premises data to S3 Express One Zone, unlocking rapid access to GPU and data services with unprecedented response times,” said William Bell, Executive VP at Phoenix NAP. “It’s a game-changer, enabling us to more easily capitalize on the potential of this new high-performance storage class. Cloudian’s commitment to innovation aligns perfectly with our needs of keeping up with the latest AWS services, making them trusted partners in our business.”
“To achieve the promise of the hybrid edge, our customers need solutions that deliver fast, flexible data management among clouds,” said Michael Tso, CEO and Co-Founder of Cloudian. “The new HyperStore Bucket Migrator for S3 Express One Zone accomplishes this by enabling frictionless data movement between Cloudian HyperStore on-premises storage and S3 Express One Zone, empowering organizations to fully embrace the benefits of high-performance storage for their most demanding use cases, whether at the edge, core or cloud.”
“Amazon S3 Express One Zone delivers the fastest data access speed for the most latency-sensitive applications,” said James Kirschner, General Manager of Amazon S3. “Cloudian’s HyperStore Bucket Migrator helps more customers accelerate data processing for workloads with increasing demands due to the elasticity and scalable performance of S3 Express One Zone.”
For more information about the Cloudian’s HyperStore Bucket Migrator for S3 Express One Zone and how it can enhance your data management capabilities, visit Cloudian.com/AWS.
About Cloudian
Cloudian is a leader in data management software for the hybrid cloud. With military-grade security, limitless scalability and seamless cloud integration, Cloudian’s cloud-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. Learn more at cloudian.com
Media Contact
Georgiana Comsa
Silicon Valley Public Relations
georgiana@siliconvalleypr.com
Source: Cloudian
28 Nov
PHILADELPHIA – November 28, 2023 — / BackupReview.info / — Acronis, a global leader in cyber protection, and Sourcepass, Inc., are pleased to announce their official partnership with the Philadelphia 76ers. The partnership will enhance the NBA team’s data backup strategy using Acronis’ advanced technology solutions to protect critical data and systems. The Acronis’ #TeamUp Partner Program exclusively offers managed service providers (MSPs), like Sourcepass, an opportunity to join forces with global sports teams to keep their data safe.
“Recognizing the importance of ongoing and evolving data protection for our corporate and cloud backup solutions, we decided to team up with Acronis and Sourcepass,” said Sasha Puric, 76ers Chief Technology Officer. The team is excited to partner with one of the leading cloud data backup solutions, further enabling us with efficient and effective strategies.”
Through the #TeamUp partnership, SourcePass will support the Philadelphia 76ers managed data backup support services. Sourcepass will also provide the Philadelphia 76ers with integration and support services for Acronis disaster recovery services. The partnership will provide the managed service provider (MSP) with powerful sports marketing and business development opportunities including attendance at networking events, case studies, and more.
“We could not be more excited to partner with the 76ers,” said Matt McCarthy, Sourcepass Chief Client Officer. “Leveraging our expertise of managed support services and the Acronis technology, we will enable the 76ers organization to focus on the promising season ahead”
The collaboration involving Sourcepass, the Philadelphia 76ers, and Acronis, represents a momentous achievement in Acronis’ #TeamUp mission to equip professional sports teams with world-class data hybrid cloud backup.
“I’m so proud of all we’ve achieved with this #TeamUp program. This partnership is another victory for all of us, both as IT professionals and sports fans,” said Pat Hurley, Acronis Vice President and General Manager, Americas. “A strong sports team is a team that can keep its head in the game, and we’re honored to deliver that assurance. Combined with Sourcepass’ impressive track record as an MSP, I’m confident we’re setting the Philadelphia 76ers up for a successful season.”
To learn more about the Acronis #TeamUp sports partnership program, please visit: https://www.acronis.com/en-us/msp-sports/
If you are an IT Professional, MSP, or you have an interest in improving your IT skills and knowledge, try out the Acronis Academy curriculum, free until December 31st, 2023.
https://www.acronis.com/en-us/academy/
About Sourcepass
Sourcepass is positively disrupting the way businesses consume IT, putting you in control of your digital universe so you have the power to transform your business. For more information on how Sourcepass is revolutionizing the IT space through M&A and innovative client service delivery, please visit www.sourcepass.com.
ABOUT THE PHILADELPHIA 76ERS: The Philadelphia 76ers are one of the most storied franchises in the National Basketball Association, having won three World Championships, earning nine trips to The Finals and making 53 playoff appearances over 74 seasons. The Philadelphia 76ers organization is a Harris Blitzer Sports & Entertainment (HBSE) property.
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.
Acronis is a Swiss company, founded in Singapore. Celebrating two decades of innovation, Acronis has more than 2,000 employees in 45 locations. Acronis Cyber Protect solution is available in 26 languages in over 150 countries and is used by 18,000 service providers to protect over 750,000 businesses.
Press Contact:
Karl Bateson
+1 617 306 6275
Karl.Bateson@acronis.com
Source: Acronis
SAN JOSE, Calif. – November 28, 2023 — / BackupReview.info / — Cohesity, a leader in AI-powered data security and management, today announced that it has been positioned as a Leader in the IDC MarketScape: Worldwide Cyber Recovery 2023 Vendor Assessment (doc #US49787923, October 2023). This is the first year of this assessment that is based on the National Institute of Standards and Technology (NIST) framework. To be included in the report, vendors must be able to address at least one pillar of the NIST cyber recovery framework beyond “Respond” and “Recover,” including “Identify,” “Protect,” or “Detect.” Cohesity solutions recognize all five pillars of the NIST framework.
“Cohesity has strong capabilities in core data protection and has pivoted quickly and effectively into cyber-resilience with a product portfolio designed to assist customers in cyber preparedness, including vulnerability scanning, early detection, incident response, and forensic analysis to orchestrated recovery. It also has AI-based anomaly detection that analyzes backup data to compute the odds of an anomaly and identify novel or emergent trends,” said Phil Goodwin, IDC MarketScape author and Research Vice President, Infrastructure Systems, Platforms and Technologies Group.
Cohesity was recognized for several strengths, including:
The report states, “Cohesity’s product portfolio is designed to assist customers in cyber preparedness, including vulnerability scanning, early detection, incident response, and forensic analysis to orchestrated recovery. It also has ML-based anomaly detection that analyzes backup data to compute the odds of an anomaly and identify novel or emergent threats.”
“At Cohesity, we believe that security and simplicity are the core tenets of modern data security and management. Our technology radically simplifies how enterprises secure and manage their data and unlock limitless value,” said Amith Nair, Senior Vice President, Marketing, Cohesity. “We’re pleased to be named a Leader in the IDC MarketScape report, as we believe it’s a testament to our commitment to providing our customers with a modern data management solution that supports the evolving threat landscape.”
Cohesity, Building Three Pillars to Protect Customers from Cyberattacks
As the threat of cyberattacks continues to plague organizations, it is not a matter of if, but when, sensitive data will be compromised. Equally critical to thwarting attacks is the ability to rapidly recover clean data and return business to full operation. Cohesity has addressed this challenge with a three-pronged approach. First, it offers best-in-class technology, including its award-winning, cyber vaulting service, FortKnox. Second, the Cohesity Data Cloud is an extensible platform that makes it easy to add and integrate third-party technologies, such as Tenable, zScaler, BigID, Qualys, and others. Third, Cohesity has convened a comprehensive and growing Data Security Alliance that includes an extensive set of leaders in the security market. With Cohesity’s modern data management approach, extensible platform, and Data Security Alliance, customers can protect, detect, respond, and recover from cyberattacks to maintain business continuity and minimize impact to their bottom line.
Cohesity’s three-pronged approach provides customers with a comprehensive approach to cyber resilience and business recovery. The threat of cyberattacks is not fading, and the need to enhance customers’ data protection and recovery with all the innovation the market offers is critical. To this end, seven of the top 10 banks in the US rely on Cohesity to protect and recover their data, six of the Fortune 10, and 42 of the Fortune 100.
Additional Resources
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
About Cohesity
Cohesity is a leader in AI-powered data security and management. Aided by an extensive ecosystem of partners, Cohesity makes it easier to secure, protect, manage, and get value from data – across the data center, edge, and cloud. Cohesity helps organizations defend against cybersecurity threats with comprehensive data security and management capabilities, including immutable backup snapshots, AI-based threat detection, monitoring for malicious behavior, and rapid recovery at scale. Cohesity solutions can be delivered as a service, self-managed, or provided by a Cohesity-powered partner. Cohesity is headquartered in San Jose, CA, and is trusted by the world’s largest enterprises, including six of the Fortune 10 and 42 of the Fortune 100.
Contact:
Media Contact
Michael Thacker
michael.thacker@cohesity.com
+1-415-205-8326
Source: Cohesity
Mountain View, CA. – November 28, 2023 — / BackupReview.info / — Egnyte announced today a new Quality Control feature for its electronic Trial Master File (eTMF) application. This feature allows users to conduct review and approval workflows on documents in the eTMF application before formally filing sensitive trial content into their TMF, removing the complexities associated with operating across multiple systems.
“Egnyte’s new eTMF Quality Control feature joins a suite of eTMF-focused features in the Egnyte platform and is a reflection of our commitment to creating industry-leading solutions that improve workflows and data management for biotechs,” said Abhay Kini, director of Life Sciences at Egnyte. “Integrating the review process into the eTMF solution not only improves the user experience, it also enables companies to better adhere to regulatory guidelines.”
With Egnyte’s eTMF platform, customers can consolidate clinical trial data on their own infrastructure, leverage actionable insights, and maintain compliance on Egnyte’s GxP-compliant platform. All parties, including external document contributors, can import documents directly into an inspection-ready platform securely and fully audited, eliminating the need for multiple systems and safeguarding the company’s data.
“Our CRO partners were easily trained to use Egnyte’s eTMF, and our study documents can now be seamlessly filed in the platform. One of the key benefits of this process is that we have direct access to all of our documents right when they’re loaded,” said Heather Wolff, vice president of Development Operations at Sionna Therapeutics.
Earlier this year, Egnyte launched eTMF import and archival capabilities, including the ability to utilize the eTMF-EMS as an importing mechanism, establishing a simple three-step import process with no limit on the size of the TMF to import, and the ability to capture all importing events in audit reporting.
Egnyte’s user-friendly archival capabilities enable users to set retention periods, archive data and documents, and protect archived content from unauthorized access, ensuring compliance with minimal manual effort in a unified platform at no additional cost.
To learn more about Egnyte’s latest eTMF Quality Control feature and other upcoming platform enhancements, register for Egnyte’s virtual Global Summit on December 6, 2023.
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
LAS VEGAS, CA – November 28, 2023 — / BackupReview.info / — Druva today announced that it is a recipient of the 2023 Global AWS Partner Award, Global Storage Partner of the Year.
Global AWS Partner Awards recognize a wide range of AWS Partners whose business models have embraced specialization, innovation, and cooperation over the past year. Global AWS Partner Awards recognize partners who continue to evolve and thrive on AWS as they work with customers.
Druva enables cyber, data and operational resilience with a fully managed, 100% SaaS platform that protects customers’ data wherever it lives. Fueled by a cloud-native architecture built entirely on AWS, Druva has disrupted data protection by simplifying and automating traditionally complex and cumbersome legacy solutions. With the launch of Dru — an AI copilot for backup built on AWS Bedrock — Druva enables users to get critical information through a conversational interface, helping customers reduce protection risks, gain insight into their protection environment, and increase productivity overall.
“Built on AWS, Druva’s 100% SaaS platform provides customers a smooth, secure journey to the cloud while effectively mitigating risks and reducing costs associated with legacy systems,” said Mike Houghton, Sr. VP, Global Partners and Alliances at Druva. “Being named Global Storage Partner of the Year underscores the power of the Druva Data Resiliency Cloud to deliver cloud-first data protection across mission-critical workloads. It’s also a testament to Druva’s strong relationship with AWS — and our collaboration to ensure customers have an industry-best solution for data resiliency.”
“Druva helped us improve our data security in the cloud while operating at scale, and we’ve been able to achieve time savings, cost savings, and rapid restorations of backup data when the situation calls for it,” said Rajeev Gollarahalli, CIO at TRC Companies. “With cloud-native data protection, I never have to worry about my data backups because Druva makes it quick and simple. It also gives us peace of mind that Druva’s platform is built on AWS, as we know we’ll always maintain high-performance infrastructure with enterprise-grade security.”
Druva was the recipient of the first-ever Global Storage Partner of the Year Award, a new category that recognizes top partners with the AWS Storage Competency. The award recognizes a partner who provides industry-leading consulting and technology services for a variety of use cases, including backup & restore operations to, from, and within the AWS environment; primary storage using IP File or Block protocols and object storage; active and passive data archiving capabilities; and business continuity/disaster recovery (BCDR) solutions.
Druva was also named a finalist for NPO Partner of the Year – APJ, which recognizes the top AWS Partner who has delivered innovative, mission-based wins for a Non-Profit.
For the second year in a row, Geo and Global AWS Partner Awards included a self-nomination process across several award categories, which are awarded at both the geo and global level. All AWS Partners were invited to participate and submit a nomination. Award submissions were reviewed by a third-party, Canalys, and a panel of AWS experts, and selected with special emphasis placed on customer success use cases presented in the nomination form.
To learn more about Druva, visit the team at AWS re:Invent 2023, booth #650. To learn more about Druva’s cloud-native data protection for AWS workloads, please visit https://www.druva.com/use-cases/aws-cloud-backup
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 more than 5,000 customers – including 75 of the Fortune 500 and businesses like Chipotle, Clorox, GameStop, Hitachi, Marriott, Medallia, and NASA – to make data more resilient and accelerate their journey to the cloud. Visit druva.com and follow us on LinkedIn, X (formerly Twitter) and Facebook.
Contact:
Alex Cardenas
Druva Inc.
alex.cardenas@druva.com
Source: Druva, Inc.
Copyright © 2004 - 2020 Backup Review.info | Sitemap