Data protection and file sync and share software developer eFolder and disaster recovery-as-a-service developer Axcient said on Thursday the two companies have merged.
The merger, brought about with the help and financial capital of K1 Capital, an El Segundo, Calif.-based investment firm, brings together Denver-based eFolder and Mountain View, Calif.-based Axcient to form a large MSP-focused provider of data protection and file sync and share technologies.
These are two companies with great technology with a relatively small amount of overlap, said Matt Nachtrab, who joined eFolder earlier this month as that company's new CEO.
"Our backup technologies fit well," Nachtrab told CRN. "eFolder Replibit is the industry's best image-based recovery technology. And Axcient offers the best recovery environment, with very advanced recovery capabilities. With Axcient, customers can recover hundreds of servers, do test recoveries in the cloud, and can even adjust the timing of the recovery according to the application."
After the merger, Nachtrab will continue as CEO of the combined company, which will use the eFolder name. Kevin Hoffman, former CEO of eFolder, is stepping back to focus on the technology as chief technology officer. Justin Moore, Axcient's founder, will be chief strategy officer of the combined company.
The merger was a pleasant surprise to Luis Alvarez, president and CEO of Alvarez Technology Group, a Salinas, Calif.-based MSP and channel partner to both eFolder and Axcient.
"Knowing both companies and their cultures, I expect they will mesh together quite nicely," Alvarez told CRN. "If you are doing a lot with Axcient BDR [backup and disaster recovery] appliances, eFolder will bring you file sync. If you are doing a lot of file sync, Axcient will bring you new BDR appliances."
With the merger of the two companies, eFolder gets two key technologies from Axcient, Alvarez said.
The first is Axcient's BDR appliances, which he said are among the best in the industry. "We've already deployed about 60 Axcient BDRs, with data consumed both on-premises and off-site," he said. "I've been seeing eFolder to get into the BDR market more aggressively."
The second is Axcient's Fusion platform, which Alvarez said eliminates the need for backup and disaster recovery appliances in virtualized environments by delivering data directly to the cloud for data protection, testing, and other purposes requiring separate environments.