Company Fuels Growth With Increase in Sales, Expanded Executive Team, Acquisition of Eversync and Series B Funding
EL SEGUNDO, CA–(Marketwired – Feb 3, 2015) – Infrascale, a leading provider of secure, cloud-managed data protection, announced that year-over-year sales grew by 50 percent in 2014 due to the demand for its comprehensive platform for cloud backup, archiving, disaster recovery and file sharing. The company also appointed three new executives in sales, marketing and product management last year to aid in the company’s expansion. In addition, the company closed a $16.3 million series B investment that helped fund its acquisition of Eversync. The integration of Eversync’s technology allowed Infrascale to expand the capabilities of its total data protection platform by adding a cloud-connected backup appliance offering.
“Data protection is a critical part of computing that is often overlooked, and Infrascale’s goal is to make backup dramatically simpler and offer a solution at a disruptive price point that makes it more accessible,” said Ken Shaw, CEO of Infrascale. “The most important point is raising awareness of security in storing data in the cloud. We provide a solution that helps companies securely protect their business data — their lifeblood. We will continue to push this message as we invest in and scale up our North American and international presence.”
New Platform Features
The addition of multiple product features this year resulted in record sales of the company’s data-protection platform. Infrascale extended its platform with a VMware hypervisor-level backup to protect virtual environments across any operating system or device. Infrascale also added new features for endpoint protection and support for Exchange 2013. Infrascale’s data-protection solution is accessible through a single centralized dashboard for anytime, anywhere access.
Infrascale is channel-centric and has nearly 1,000 technology partners worldwide, principally in North America, who sell into the mid-market. The company is dedicated to working with that partner network to identify opportunities in the market; jointly sell those opportunities; and deploy, manage and maintain the solution.
Expanded Team and Executive Leadership
Infrascale expanded from 100 employees to 150, including three key executives, in 2014 due to the acquisition of Eversync and the surge in demand for the company’s data protection platform. Joining the Infrascale team as senior vice president of worldwide sales was former IBM North America sales leader Robert Prigge. Prigge brings over 20 years of cloud, software and hardware security sales as well as start-up entrepreneurship experience to the Infrascale team.
Dean Nicolls, appointed vice president of demand generation, has more than 20 years of B2B marketing leadership experience. He has worked with some of the largest and fastest-growing cloud companies, including Microsoft, and with a number of early-stage tech startups.
Stephane Fymat joined as vice president of product management and product marketing. Prior to joining Infrascale, he led efforts to make Passlogix, an industry leader in the enterprise security space, become recognized by Gartner and purchased by Oracle.
Funding and Acquisition
In June last year, Infrascale acquired Eversync Solutions Inc., a provider of cloud-connected, on-premise data protection appliances. Eversync’s data protection products combine enterprise-level backup and disaster recovery capabilities in a simple, affordable package that is purpose-built for mid-size organizations.
The Eversync acquisition was a result of Infrascale’s series B funding round, which was led by investor Carrick Capital Partners and advised by DH Capital. Existing angel investors include Dan Gregerson, Marc McMorris and Steve Unterberger.
Infrascale has been recognized with the following industry accolades:
- CRN, “10 VC Investments to Watch in 2015”
- CRN, “10 Cool Hybrid On-Prem/Cloud Data Protection Solutions for SMBs”
- Symmetry50, “The Top 100 Startups in LA”
Infrascale provides the industry’s only total cloud platform for data protection. Infrascale’s platform delivers cloud backup, disaster recovery, file sharing and data archive with military-grade security. This full range of data protection solutions span mobile devices, workstations, and physical or virtual servers. Infrascale’s flexible platform protects data in any environment: public cloud, private cloud or hybrid. Infrascale’s twelve global data centers power over 1,000 independent cloud service companies and MSP’s and protect billions of business-critical files. Founded in 2006, Infrascale is a venture backed cloud company headquartered in El Segundo, California. Visit www.infrascale.com or follow us on Twitter at @Infrascale for more information.
Infrascale and the Infrascale logo are trademarks of Infrascale. All other products and services listed herein are trademarks of their respective companies.