Cloud-based data protection technology developer Infrascale Thursday said it has closed a new round of funding just in time to acquire Eversync, which develops on-premise data protection appliances that interface with the cloud.
Infrascale's new Series B round of funding, worth $16.3 million, brings the total investment in the company to about $24 million, said Ken Shaw, founder and CEO of the El Segundo, Calif.-based company.
For Infrascale, the new funding is slated for growing its already profitable business, Shaw told CRN.
"We've already been profitable for two years," he said. "That financial stability is a key part of our attractiveness to channel partners."
Mike Bell, president of Infrascale, said the funding will help the company market to partners and customers.
"I work with MSPs," Bell told CRN. "But very few know us. We will use this funding to increase marketing dollars for the channel, and to target channel awareness. MSPs can be surprised by the breadth of our technology and our program. We never intended to be a well-kept secret. We don't want to be."
Infrascale's acquisition of Salt Lake City-based Eversync also is a big part of expanding its MSP business, Shaw said.
With the acquisition, Infrascale gets Linux and Unix support as well as VMware support. More importantly, Shaw said, the company gets its first optimized on-premise deduplication appliance that can be used to restore a company's IT infrastructure either locally on in the cloud in case of a disaster.
"The appliance is inherently cloud-ready," he said. "It can tie to the cloud or to another appliance for replication."
Infrascale decided to acquire the technology rather than develop it in-house because of time-to-market considerations, Shaw said. "Our partner advisory council told us the appliance is something we need," he said. "And Linux, Unix, and VMware technology is important to our largest partners."
Getting an on-premise data protection appliance from Infrascale is something that Glen Zucker, CEO of Cheyenne, Wyoming-based OneIT, said he has been asking about for a long time.
OneIT, whose OneIT DataVault business continuity solution is based on Infrascale's cloud-based data protection technology, has opportunities where such an appliance will allow it to provide a complete solution, Zucker told CRN.
NEXT: Building Infrascale For MSPs