OwnBackup Secures $7.5M Series B Investment to Meet Demand for SaaS Data and Metadata Backup, Recovery and Replication

Grazed from OwnBackup

OwnBackup, a leading Software-as-a-Service (SaaS) application backup and restore vendor, today announced the close of a $7.5 million Series B round led by Insight Venture Partners, a New York-based private equity and venture capital firm and one of the world's largest investors in high-growth software companies. Existing investors Innovation Endeavors, Oryzn Capital and Salesforce Ventures also participated in the round, which constitutes a minority equity stake.  

The round comes on the heels of an explosive year for OwnBackup, with 330% year-over-year revenue growth in 2016. Users of SaaS applications are increasingly turning to OwnBackup for data protection, archiving, compliance and development enablement. These organizations are fueling a burgeoning market for cloud-to-cloud private backup, recovery and replication services. The new capital will fuel the company's continued expansion and speed product innovation, including backup and recovery services for additional SaaS applications and the simplification of test data environments for developers working with SaaS applications.   

Code 42 Gets $52.5 Million in Funding

Grazed from Sys Con Media.  Author: Maureen O'Gara.

Code 42, the Minneapolis start-up that peddles CrashPlan, the automatic real-time PC and mobile backup and recovery service aimed at consumers, SMBs and the enterprise, has gotten a $52.5 million investment from round leader Accel Partners and Split Rock Partners.

It's the company's first investment. It's reportedly been profitable since it launched the widgetry in 2007.

Accel dipped into its new $100 million Big Data Fund for the first time for its share.

Code 42 says it's got some 4,000 enterprise customers including Adobe, Google, Groupon, HP, LinkedIn and NASA and 100PT of data stowed in the cloud: its cloud or private clouds, other computers or devices or some combination or all of these options. That represents a total of 100 billion file and it reportedly gets 250 million unique new files a day...

Private Cloud Recovery Services

Grazed from Sys Con Media.  Author: CloudVentures.

Despite all the hype of Cloud Computing the reality is that most large enterprises are still only at an early stage of adoption, mainly focused on applying virtualization internally to their existing application estate, what’s called Private Cloud.

This does achieve many business benefits but isn’t Cloud in the sense of outsourcing to a remote provider.

However although organizations aren’t yet ready to put their crown jewels entirely into the Cloud, it doesn’t mean that externally hosted Clouds don’t offer some kind of value to this scenario; indeed doing so is the first and primary goal of our ‘Cloud BCP‘ best practices...


Grazed from Channel Pro.  Author: Ian Masters.

Where can the channel capitalise on Recovery-as-a-Service?

Business continuity and disaster recovery will always be necessary investments for companies – data and applications are critical tools that support revenue generation, service to customers and their overall success. However, budgets for investment in technology have been severely hit over the last couple of years. To cope with these challenges, organisations are looking at how cloud computing could be used to meet this need around continuity...

Palisade Systems Unveils Data Security Integration for Mobile and Cloud Computing Markets

Grazed from MarketWatch.  Author: PR Announcement.

Palisade Systems, an industry leader in the Data Loss Prevention (DLP) market, announced today that cloud service providers and mobile device vendors can now integrate Palisade System's enterprise DLP functionality into their products and solutions using Palisade's PacketSure DLP solutions or by leveraging the Palisade SDK (Software Development Kit) also announced today (see link to SDK PR)...

How The Cloud Changes Disaster Recovery

Grazed from DataCenter Knowledge.  Author: Mike Klein.