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Axcient and eFolder Merging

eFolder CEO and CTO to lead combined companies named eFolder

eFolder, Inc., provider of data protection solutions for the IT channel, and Axcient, Inc. in disaster recover-as-a-service (DRaaS) solutions, announced their merger.

The combination brings together innovators with a shared belief in simplifying the way businesses protect data, ensure IT infrastructure availability, and maximize employee productivity.

The eFolder family of products makes it simple for MSPs and their SMB clients to protect data, sync and share information, and recover servers, through products including eFolder Replibit, Anchor, and Cloudfinder.

Axcient makes it easy for SMBs and mid-market customers to replicate and recover their entire IT infrastructure in less than an hour through its DRaaS platform, and is recognized by Gartner, Forrester and IDC as a leader in the space.

The combined company will be able to service the full spectrum of businesses – from SMB to mid-market – with a broader set of solutions designed to maximize IT availability and employee productivity.

The combined entity will continue operations in Denver, CO; Mountain View, CA; Austin, TX; and Smolensk, Russia with over 100 team members in R&D showing an ongoing dedication to innovation, with more than 50,000 customers and 400,000 endpoints under management.

Matt Nachtrab has been named CEO of the combined companies, with Kevin Hoffman as CTO and Justin Moore as chief strategy officer.

I’m extremely excited to be leading this next chapter for Axcient and eFolder, and continuing to lean upon our core values to provide the best offerings for both MSPs and their clients,” said Nachtrab. “This merger enables us to deliver a far more complete suite of solutions to businesses as they face today’s biggest IT challenges – protecting against the ever-increasing number of threats to data and infrastructure.”

I look forward to building upon and bringing together Axcient’s and eFolder’s industry-leading technologies,” said Hoffman. “MSPs today are often forced to partner with multiple vendors to serve their clients of varying sizes. Our goal is to provide a single integrated cloud- managed solution that cost-effectively scales down to provide resiliency for single-server SMBs, while effortlessly scaling up meeting the needs of mid-market companies with 100s or 1000s of VMs.”

This merger is an exciting development in the BC industry,” said Moore, Axcient founder. “Axcient joining forces with eFolder creates the most complete platform for protecting data and ensuring the availability of IT systems. MSPs and mid-market customers now have a single vendor they can trust to ensure employees always have access to the applications and information they need when they need it in today’s high-velocity business climate.

Strategic Rationale
A Leading SaaS company Focused on MSP, SMB and Mid-Market IT Challenges – Assets from both companies fill gaps in their respective product lines, resulting in better experiences and outcomes for our customers. In addition, the scale and stability of the combined company enables accelerated growth of the businesses.
A Shared Focus on Innovation Enhanced by Scale – The merger brings together the combined resources of each company to address the challenges customers face in the wake of increased cyber threats, the proliferation of data across disparate platforms and applications, and the adoption of hybrid-cloud architectures compounded by the increased reliance on digital assets and decreased tolerance for IT downtime and outages.
A Team Positioned to Capture Exciting Growth Opportunities – Through a commitment to retaining the best talent from both companies, the new combined company will have more resources to pursue growth strategies and to provide customers with the best experience, all lead by a seasoned management team with a track record in the MSP, SMB and mid-market.
A Market Leading Technology Platform – The combined platform represents more than 40 patents pending or granted and uniquely provides full compute and network continuity in the cloud, provable site RTOs of 1 hour, virtual development and test lab capability, and single-click, orchestrated DR testing and failover. MSPs and their clients can eliminate redundant infrastructures to achieve unprecedented levels of deduplication, compression, and optimization of data.
A Channel Ecosystem That Includes North America’s Largest MSPs – The combined company will have close to 4,000 MSPs including more than 90% of the 100 largest MSPs in North America. Bringing together best practices for channel acquisition, channel enablement and channel support will enable the company to help MSPs increase revenue, improve margin and achieve higher levels of customer retention.

About Axcient
It solves complicated technology problems with simple cloud solutions to enable businesses to run at their potential. Its cloud-based DR and data protection platform empowers businesses of all sizes to operate with the resilience and agility of the world’s largest enterprises while reducing data center footprint, complexity and cost. Thousands of businesses trust Axcient to keep their applications running, their data centers lean and employees productive.

About eFolder
The firm delivers cloud BC, cloud file sync, and cloud to cloud backup solutions through its network of MSPs, cloud service providers, system integrators, and VARs. It enables its partners to protect and empower business productivity for their clients, and generate profitable, recurring revenue. It also empowers cost-effective partner and end-user private clouds, allowing partners to meet the needs of any client, regardless of size or readiness to engage in public cloud services.

Read also:
Start-Up Profile: Axcient
In cloud-converged platform for IT resilience
by Jean-Jacques Maleval | 2016.07.18 | News

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