Druva, a provider of cloud data protection and management solutions, has announced its acquisition of Irish startup CloudRanger, in a deal of undisclosed financial terms.
According to a blog post by Druva’s founder and CEO Jaspreet Singh, CloudRanger’s founder and employees will be joining Druva to help integrate CloudRanger technology, which provides backup and disaster recovery solutions for workloads running on AWS, with the Druva Cloud Platform.
A Druva press release claimed that “with the acquisition of CloudRanger, customers will now achieve a single administrative and policy management solution for their data regardless of where it resides which greatly reduces the data protection complexity of their environments.”
Druva will also be opening a development centre in Letterkenny, Ireland, where CloudRanger is based.
“The acquisition of CloudRanger extends the reach of the Druva Cloud Platform, which is unrivaled in the market today,” said Singh. “This is an important step in achieving our vision to provide a solution that addresses the challenges our customers face as part of the very real and necessary journey of moving workloads to the cloud. With CloudRanger, we provide a holistic end-to-end solution that builds a bridge between data management for traditional and modern cloud infrastructures that customers are seeking. Both CloudRanger and Druva employ a cloud-native architecture that allows us to immediately integrate and enhance what is already an industry-leading, unified platform for backup and disaster recovery for our customers.”
CloudRanger, which was founded by David Gildea in 2013, employs thirteen people and has more than 300 customers. including HP, NASCAR and MetLife. Over the last year, it has seen a 300% growth in revenues, and in September completed a $1.1 million seed round, led by Enterprise Ireland and joined by several private investors in both the US and Ireland. It was also named start-up of the year at the Irish tech excellence awards, and recognised as an AWS ‘hot startup’ by Amazon.
“The acquisition of CloudRanger accelerates Druva’s vision of being a true Software-as-a-Service (SaaS) provider that is able to scale to benefit users globally,” said Shailendra Singh, Managing Director, Sequoia Capital India. “As a nine-year investor in Druva, we remain confident that the company has the right mission and culture, seasoned management team, and business model necessary to become an enduring global company.”