Infrascale, an El Segundo, Calif.-based provider of cloud backup services, announced two major milestones this week.
First, the company raised $16.3 million in a Series B round of financing headed by Carrick Capital Partners. Marc McMorris, the venture capital firm's co-founder and managing director, noted in a statement the company's "ability to deploy in a private, public or on-premises environment and the superior security of its architecture" as traits that made it an attractive investment.
The funds will be used, in part, to finance the acquisition of Eversync Solutions, a maker of cloud-connected data protection appliances for VMware, Linux, Unix and Windows environments. The company's solution, available as rackmount hardware or virtual appliance, targets midsized organizations with a combination of affordability and "enterprise-level backup, disaster recovery, compliance, deduplication and replication capabilities," said Infrascale in a blog post.
According to Infrascale CEO and founder Ken Shaw Jr., the buy will help his company offer a more complete data protection portfolio.
"Infrascale's mission is to eliminate the complexity and offer a scalable, unified platform capable of supporting multiple device types, file formats and operating systems," stated Shaw in prepared remarks.
The deal, terms of which have not been disclosed, will extend the company's "lead in delivering complete, data protection for any device, anywhere," he added. It's a move that the company bets will help it capitalize on the growing demand for cloud backup solutions.
Citing figures from market research firm IDC, Infrascale estimates that the cloud backup and recovery market represents an opportunity in excess of $2 billion, which is attracting no shortage of technology vendors. Companies like Dropbox (with Dell's help), Zetta.net and CloudBerry are all vying for a piece of action.
With Eversync in tow, the Infrascale takes "a giant step forward" in offering a complete data protection suite that encompasses backup, disaster Recovery, data archiving and file sharing. Infrascale's newly expanded "scope of services now spans an array of operating systems and devices – from mobile phones and tablets, to PCs and complex server environments," boasted the company.
Infrascale's current solutions slate includes FileLocker, a cloud-based file sharing and collaboration product. The secure, mobile-friendly platform can be deployed on a private cloud or consumed as a service from the company.
Other offerings include the SMB-flavored SOS Online Backup service and EndGuard Endpoint, a data protection and device management product. Rounding out the company's lineup is Infrascale Backup, cloud-enabled backup, archiving and disaster for servers.
Pedro Hernandez is a contributing editor at InfoStor. Follow him on Twitter @ecoINSITE.
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