That posture is not surprising, given CARB’s past focus on small and medium sized businesses, since the current deal represents the beginnings of a move into providing larger enterprises with mobile endpoint backup and recovery offerings.Īccording to a 2016 Markets and Markets Research Report on cloud storage, it forecasted the overall market to grow from $24 billion in 2016 to $75 billion in 2021, a tremendous CAGR of nearly 26% for the six-year period. The deal was confirmed by Carbonite’s SVP Marketing, Norman Guadagno, but Carbonite has been otherwise tight-lipped about it. Neither company disclosed the acquisition price or terms and Carbonite didn’t file an 8-K, which would have been required had the deal materially changed its financial condition. ![]() The firm raised at least $13 million in separate rounds of equity financing from Talu Ventures, an Australia-based venture capital firm, and debt funding from an undisclosed investor. The company launched its Analytics system in November, 2016, possibly in connection with its earlier acquisition of Seagate Technology’s endpoint data protection assets.ĭatacastle had developed a robust partner program composed of OEMs, telecoms, ISPs and MSPs, as well as value-added resellers. QuickCache - Off-peak, ultra high-speed backup and recovery. ![]() Analytics - Data discovery for forensics and compliance.RED - Endpoint backup and archiving solution.The company was founded by CTO Gary Sumner.īelow is a brief overview video about Datacastle’s RED product on the Microsoft ( MSFT) Azure platform: Management is headed by CEO Ron Faith, who was previously founder and COO of Clonefone, a mobile web services company. Seattle, Washington-based Datacastle was founded in 2005 to develop backup, recovery, encryption and data shredding solutions for businesses. ![]() Storage software company Carbonite ( NASDAQ: CARB) has acquired Datacastle for an undisclosed amount, according to a report in BostInno.ĭatacastle has created enterprise-grade backup, recovery and analytics technologies for endpoint data sources such as smart phones, tablets and laptop computers.Ĭarbonite wants to expand its offerings into the enterprise, to take further advantage of the forecasted tremendous growth in cloud-based storage and recovery market over the next five years.
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