Someone in the data protection space is having a really good day — new funding and an acquisition.
That someone is Infrascale, which announced today that it has raised $16.3 million in a second round of institutional funding. Also, it has acquired Eversync Solutions, a provider of cloud-connected, on-premise data protection appliances, for an undisclosed amount.
Infrascale provides backup, disaster recovery, archive, and collaboration with military-grade security, and its platform runs from 11 data centers on five continents. It offers private cloud, public cloud, and hybrid computing environments and will now support more or less any operating system. The combination of Infrascale and Eversync’s technologies will mean data protection across mobile devices, workstations, and both physical and virtual servers.
“We see a lot of competitive noise in the backup and disaster-recovery markets, but many vendors disappoint because they aren’t secure or robust enough for the enterprise,” said Infrascale founder and chief executive Ken Shaw Jr. in an official statement.
“Infrascale was purpose-built as a complete data protection solution that can accommodate any computing environment, including servers and endpoint devices,” he added.
Market research firm IDC has reported that the cloud backup and recovery market reached $2 billion in 2013 and estimates that enterprise data will grow to 20,000 exabytes by 2020, making the need for data protection and management tools even more crucial to companies.
“Too often vendors try to force a single point solution into every computing environment, rather than collaborating with partners to design a product platform that works for customers with broad computing requirements,” said One IT chief executive Glen Zucker, a customer, in an official statement.
“We rely on Infrascale for a data protection platform because they listen and address our customers’ needs. The acquisition of Eversync Solutions underscores Infrascale’s commitment to address additional computing environments. With this combined solution, we can eliminate third-party applications that we previously used to deliver data protection in unique operating environments,” he added.
As part of the investment round, Carrick Capital Partners cofounder and managing director Marc McMorris will be joining Infrascale’s board, and Carrick Capital Partners chief technology officer Steve Unterberger will join as board observer.
Infrascale was founded in 2006 by Ken Shaw, and is headquartered in El Segundo, Calif. This brings the company’s total funding to $25 million to date. Eversync was founded by Christopher Hull and Steve Ackerman, is based in Campbell, Calif., and previously raised a total of $3 million.