San Antonio cybersecurity offerings company Jungle Disk is persevering with its growth streak with the current acquisition of a cloud corporation centered on private garage.
The acquisition introduced this week of ElephantDrive marks Jungle Disk`s first foray into the purchaser marketplace. ElephantDrive makes a speciality of assisting clients returned up cloud garage of own circle of relatives photos, movies and critical private documents.
Jungle Disk CEO Bret Piatt stated he`s looking for to construct the world`s main backup and catastrophe healing experts. ElephantDrive plugs the purchaser hole withinside the corporation`s portfolio of products, which caters to industrial customers from small organizations as much as massive enterprises.
“Backup is getting extra complicated,” he stated, pointing to the fast boom of cloud-primarily based totally garage. Many organizations have come to understand the cost of backup experts who cannot handiest repair complicated systems, however achieve this quickly.
Jungle Disk have become what’s idea to be San Antonio`s 2d biggest privately held tech corporation via way of means of sales final 12 months whilst it made numerous acquisitions of backup and healing offerings defined via way of means of one of the deal`s companions as being “plenty larger” than Jungle Disk.
Those product companies obtained final 12 months — KeepItSafe, LiveVault and OffsiteDataSync — are, like ElephantDrive, centered in Los Angeles. Those acquisitions have been powered via way of means of nearby personal fairness cash from Dry Line Partners and Porthcawl Holdings.
Financial phrases of ElephantDrive`s acquisition have been now no longer disclosed.
Jungle Disk affords a set of cybersecurity offerings like statistics backups and password management, amongst others, supposed to guard statistics from machine failures, human mistakes and cyberattacks.
Piatt stated Jungle Disk employs round 30 people in San Antonio and among one hundred twenty and a hundred thirty globally in workplaces withinside the Netherlands, Norway and elsewhere.
The corporation became based in Atlanta in 2006 however moved to San Antonio in 2010, the 12 months after it became obtained via way of means of Rackspace. It became sold once more in 2016 via way of means of Porthcawl Holdings, who nowadays owns it at the side of Dry Line Partners.
ElephantDrive CEO Michael Fisher stated in a organized assertion that the purchase of his task might permit it to scale and similarly ensure “no own circle of relatives suffers the virtual catastrophe of dropping their precious memories.”
ElephantDrive will function as a separate division, with Jungle Disk Chief Revenue Officer Nick Nelson turning into chairman and leader sales officer. Fisher will hold to guide the group.