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Our editors curated this list of the biggest data protection news items during the first half of 2021, as highlighted on Solutions Review.<\/i><\/b><\/p>\nOur editors curated this list of the biggest data protection news items during the first half of 2021, as highlighted on Solutions Review.<\/i><\/b><\/p>\n
Data protection is a broad field, encompassing backup and disaster recovery, data storage, business continuity, cybersecurity, endpoint management, data privacy, and data loss prevention. Data protection software becomes more essential as the amount of data an enterprise creates and stores continues to grow at ever-increasing rates. The primary goals of a comprehensive data protection strategy are to ensure data privacy and to enable organizations to quickly restore their data after experiencing a disaster.<\/span><\/p>\n Part of Solutions Review\u2019s ongoing analysis of the backup, disaster recovery, and data protection marketplace includes covering the biggest data protection news stories that have the greatest impact on enterprise technologists. This is a curated list of the most important data protection news items from the first half of 2021. For more on the space, including the newest product releases, funding rounds, and mergers and acquisitions, follow our <\/span>popular data protection news section.<\/b><\/a><\/span><\/p>\n Arcserve and StorageCraft\u00a0have announced<\/a> that they have signed a definitive agreement to merge. Once completed, this merger will create a comprehensive global provider of data management and protection solutions for businesses of all sizes. The merger will address the growing market need for a single source to manage and protect workloads through the data center, cloud, SaaS applications, and at the edge. With expanded geographic reach, a broad product portfolio, flexible business models, and a magnified innovation footprint, the merged companies will provide extensive market and revenue opportunities for MSPs, VARs, and distributors.<\/p>\n In a press statement, Arcserve\u2019s Tom Signorello said, \u201ccompanies in every sector are looking to modernize their infrastructures amid unabated cyber threats and global changes that have altered the way they must protect and manage data. This merger will place us at the forefront of filling a massive market gap by supporting all workloads in every environment with one ecosystem. No longer will organizations require ad-hoc solutions that only add to the complexity they are trying to solve. We will be better placed than any other vendor to be ready as new workloads arise and infrastructures evolve \u2014 providing certainty today and in the future.\u201d<\/p>\n Datto Holding Corp.\u00a0has announced<\/a>\u00a0that it has acquired BitDam Ltd., an Israel-based cyber threat detection company. BitDam\u2019s cyber defense platform secures collaboration tools, including M365 and Google Workspace, from ransomware, malware, and phishing attacks. Its threat detection technology was designed to prevent zero-day threats, including those that do not match any known malware signatures. Users are able to proactively defend against malware and phishing attempts within their inbox, chat, or cloud drive.<\/p>\n In a media statement, Tim Weller, CEO of Datto, said, \u201ccyber resilience has been at Datto\u2019s core since the launch of our flagship Continuity service and the Datto Cloud over a decade ago. This acquisition marks an important step on our security journey, coming on the heels of our recent launch of Ransomware Detection in Datto RMM. Both deliver new revenue and margin opportunities to our 17,000 MSP partners just as cyber-attacks on SMBs are proliferating. We welcome the elite BitDam security team to Datto as we continue to execute on an ambitious security roadmap for our partners.\u201d<\/p>\n Infrascale\u00a0recently announced<\/a>\u00a0the launch of Infrascale Backup and Disaster Recovery (IBDR), the next-generation of the Infrascale Disaster Recovery (IDR) product sold to MSPs and VARs servicing SMB and mid-market. IDBR is a Disaster Recovery as a Service (DRaaS) hybrid cloud solution, offering software\/hardware on-prem with user data and servers, as well as service infrastructure in the cloud. Together, these components help to prevent data loss and reduce downtime by providing quick recovery from crashes, ransomware\/malware, natural disasters, human error, and other forms of business disruption. This announcement highlights new appliances and flexible cloud configurations that improve overall performance and scalability.<\/p>\n In a press statement, Russell P. Reeder, CEO of Infrascale, said, \u201ctoday, all businesses are aware that it\u2019s a matter of when they will lose their data and not if. Unfortunately, many MSPs and SMBs have been let down by their backup and disaster recovery partners, leaving them unprotected from the increasing threats. Infrascale understands that our MSP partners and their customers are looking for the right partner that they can trust, especially when disaster strikes and they need immediate access to their systems and data.\u201d<\/p>\n HYCU, Inc.\u00a0has announced<\/a>\u00a0it has closed an $87.5 million Series A financing round. Led by Bain Capital Ventures, this new funding reinforces HYCU\u2019s market position and continued momentum, and will also allow the company to hire more than 100 new employees in the Boston area to achieve rapid scale. HYCU is now set to consolidate on wide market penetration, as the first as a Service, cloud-native backup and recovery solution provider for both on-prem and public cloud IT environments. Additionally, Acrew Capital also participated in the round<\/p>\n In a press statement, Simon Taylor, CEO of HYCU, said, \u201cToday marks a significant milestone in the history of HYCU. From day one, our mission has been to grow responsible and to deliver innovation and solutions that align with our partners\u2019 and customers\u2019 business objectives. We were the first in the market to understand that companies will always have hybrid infrastructures and need reliable backup and recovery, regardless of where they keep their data. At the time, the concept of breaking data protection silos and running truly as a Service across the enterprise seemed a concept versus a reality. We\u2019ve proven it\u2019s not only possible, it\u2019s happening now, and will be the way of the future. To become a member of the Bain Capital family is a testament to the team staying true to our vision for building frictionless, purpose-built solutions that simplify our customers\u2019 evolving data protection needs.\u201d<\/p>\n Druva Inc.\u00a0has announced<\/a>\u00a0a $147 million investment as the vendor quickly scales in response to increased demand for its platform.\u00a0The fundraising was led by Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec (CDPQ), a global investment group, with a significant investment from Neuberger Berman, both of which manage over $300 billion in net assets. The round, which raises Druva\u2019s valuation above $2 billion, also included participation from existing investors Viking Global Investors and Atreides Management. As businesses move workloads to cloud environments, adopt SaaS solutions, and combat cyber threats, this new investment will fuel the continued expansion of Druva Cloud Platform to meet today\u2019s needs, and extend the provider\u2019s position in the data protection industry.<\/p>\n In a press statement, Jaspreet Singh, founder and CEO of Druva, said, \u201cthe unprecedented events of 202 have ushered in a generational cloud transformation for businesses, and data\u2019s increasing value is at the very heart of it. Druva pioneered the cloud data protection category almost a decade ago and has led the way in defining the architecture, business model, and user experience our customers now expect. This investment and our continued, rapid growth is further validation of our vision for a simple, open, and unified data protection and management platform.\u201d<\/p>\n\t\t\t![](\"https:\/\/solutionsreview.com\/backup-disaster-recovery\/files\/2021\/05\/21_BUDR_SB_BG_Blue_800.gif\" "\\"Data")
<\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/span><\/p>\nThe Biggest Data Protection News Items During the First Half of 2021<\/b><\/h2>\n
<\/div><\/p>\nArcserve and StorageCraft Enter Definitive Agreement to Merge (February)<\/b><\/a><\/span><\/h3>\n
<\/div><\/p>\nDatto Acquires Cyber Threat Detection Provider BitDam (March)<\/strong><\/span><\/a><\/h3>\n
<\/div><\/p>\nInfrascale Backup and Disaster Recovery Released as Next-Generation DR Offering (March)<\/strong><\/span><\/a><\/h3>\n
<\/div><\/p>\nHYCU Raises $87.5 Million in Series A Funding Round (March)<\/strong><\/span><\/a><\/h3>\n
<\/div><\/p>\nDruva Earns $147 Million Investment to Fuel Innovation (April)<\/strong><\/span><\/a><\/h3>\n
<\/div><\/p>\nAcronis Receives Over $250M Investment in Funding Round (May)<\/strong><\/span><\/a><\/h3>\n
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