Phoenix Revenue Grew 300% for Druva

Druva, Inc. announced record growth across its server data protection business.

With over 300% year-over-year revenue growth across this line of business, the company announced it has added more than 150 marquee brands to the its Phoenix customer list.  

With cloud data protection and management becoming an IT imperative, total Druva cloud deployments now expand to over 4,000 enterprise customers, including 10% of the world’s Fortune 500 companies such as Continental, Emerson, Flex, Fujitsu and Lockheed Martin.  

“Enterprises are realizing the power, simplicity and evident value of the cloud. The rapid expansion of Druva’s customer base and continued revenue growth is reflective of this shift taking place across the industry,” said Jaspreet Singh, CEO, Druva. “Replacing legacy point backup solutions with modern data protection platforms is a strategic requirement for organizations to keep pace with accelerating recovery and protection needs.  Druva is leading the way in this shift by delivering a cloud-first approach that simplifies business data protection.“

Accelerating Demand for Modern Data Protection
Data growth is surging and modernizing the protection capabilities of sensitive business information has become a strategic IT initiative. Enterprises in today’s increasingly complex hybrid environment are looking to modern, cloud-based solutions to reduce the risk, cost and effort of managing data. According to Allied Market Research, cloud-based data protection for both cloud based and on-premises servers is expected to grow to $28 billion in 2022.

IT executives find data protection and DR as a service is becoming attractive for an increasing portion of organization’s server data. According to Gartner, storage managers find backup delivered as a service is becoming attractive for a portion of the organization’s data.

Organizations are actively considering SaaS and cloud-delivered solutions to protect data in ROBO environments, as well as test-and-development data and endpoints, including desktop, laptop and tablets. Some companies are evaluating these delivery models for regional areas and at least a subset of their primary data centers.

Businesses are under growing external threats to data such as advanced ransomware as well as changing data regulations. At the same time, data is increasingly being stored and managed outside of the core data center bypassing legacy controls. By 2020, independent analyst firms have projected that over 50% of all corporate data will reside outside of the corporate data center.

“After exploring the market options, we selected Druva for our cloud server protection needs due to the unique capabilities of delivering a true SaaS solution for server data protection,” said JP Saini, CIO, TRC Companies, Inc. “Druva provides seamless access to protected information and delivers against our complex and distributed protection requirements.”

Druva Cloud Meets Data Protection Challenges
The company delivers a SaaS solution that brings together backup, archival and DR to harness the ease of use and scalability of the public cloud. Phoenix delivers data protection and management by centralising and streamlining the processes of backing up, and making available, data from physical and virtual servers across an organisation’s distributed infrastructure.

“Carahsoft is helping federal organisations modernise their datacenters with a comprehensive hybrid cloud architecture, and Druva is a critical solution partner in this stack,” said Alex Whitworth, director of Druva solutions, Carahsoft Technology Corp. “With Druva Phoenix, we can empower our reseller partners and public sector customers to deliver strategic value while reducing risk, complexity and cost.”

With Phoenix, data can be cached locally for fast backup and recovery when required, helping companies meet their recovery time and recovery point objectives, and automatically be moved to cold storage after a specified period of time for increased cost savings.