Cloud data management company Druva
has acquired hybrid cloud data protection and migration company CloudLanes. Still a startup, Druva is based in Sunnyvale, California, United States and provides data protection and management services “for the cloud era”. The company caters to more than 4,000 companies globally offering services that include enterprise endpoint backup options, Data Loss Prevention (DLP) services, cloud server backup and archiving options, and cloud computing options that leverage AWS. Offered on an ‘as-a-Service’ basis, Druva’s solutions help customers “drive down costs by over 50 percent”. Its acquisition of CloudLanes is intended to enhance the company’s “on-premises performance”.
CloudLanes, which has global headquarters in Santa Clara, California, United States, was established in 2015. The company is “on a mission to establish a new paradigm in data management for the cloud-first world” and specializes in cloud data backup platform services. CloudLanes’ options allow companies to securely and safely store data on-premises or in the cloud. It is a gold-level Azure partner through its recent SMS acquisition. Financial aspects of the acquisition were not announced, but the move expands Druva‘s cloud storage and data management capabilities and allows it to compete more readily in the cloud storage and data management arena.
“Enterprises are now seeing first hand the challenges of hybrid cloud solutions that are increasingly inflexible with today’s cloud-driven world,” explained Jaspreet Singh, the CEO and founder of Druva in a press release. “Current hybrid solutions are trying to forklift legacy to cloud, but organizations need solutions that are born in the cloud and bring cloud functionality closer to the data center. The addition of CloudLanes will help us extend the advantages of cloud to more enterprises at the edge, bringing greater access to data, enhanced protection, and help accelerating growth through simple and reliable data protection.”Do you know of any other companies involved in acquisitions? Let us know the details. Add your comments below.