32 Consecutive Quarters of Growth for eFolder

eFolder, Inc., supplier of cloud data protection and file sync solutions for the IT channel, has announced record-high partnerships and growth in the quarter ending 31 December, 2013.

The announcement follows eFolder’s $26 million Series A round of funding and September acquisition of Anchor, a file synchronization platform built for MSPs, VARs, cloud service providers , and IT service providers.

“Since launching our first product at the end of 2005, eFolder has experienced 32 consecutive quarters of growth,” says Kevin Hoffman, CEO, eFolder. “We have finished 2013 with over 150 times our 2006 recurring revenues, and our partner network has grown to reach more than 1,700 transacting partners. We expect that this growth will be multiplied with the acquisition of Anchor. It is an exciting time for eFolder and our partners, as we grow the strength of our solution suite and meet the evolving needs of eFolder partners.”

eFolder has positioned itself as a provider of cloud backup, backup DR and now, cloud file sync through the Anchor platform.

The company’s acquisition of Anchor is timely, as consumer-grade file sync solutions pose new security threats to businesses. Anchor is a multi-tenant, business-grade file sync service that restores security for clients and control for partners, yet enables users to work with their data anytime, anywhere on devices of their choice.

“In 2013, Anchor contributed hundreds of partners to eFolder’s already strong network,” says Bryan Forrester, GM, eFolder’s Anchor division. “We are constantly revealing synergies between eFolder and Anchor. Partners are excited to see cloud file sync – an area of tremendous growth – guaranteed by a vendor that they trust.”

“eFolder has consistently demonstrated their ability to anticipate partner needs and SMB demands,” says David Lawson, president, Azzeron. “eFolder is one of my most profitable relationships and we have hundreds of users deployed on the Anchor solution. As an IT provider, I look forward to seeing the future partnerships that eFolder fosters.“

eFolder’s Vision for the Open Cloud involves combining eFolder’s petabyte-scale storage and DR cloud with eFolder software as well as with third-party software tools, such as Dell AppAssure and StorageCraft ShadowProtect, to deliver integrated backup, BC, and DR solutions. As an example, the eFolder Continuity Cloud is the only cloud recovery service that supports both Dell AppAssure and StorageCraft ShadowProtect from a single vendor.

Company executives referenced forthcoming partnerships that will continue to expand on this Open cloud strategy later this year.

“We envision partners and end-users using any favorite software brands they already trust combined with services delivered by eFolder that they can’t find anywhere else – unique software services, integrated cloud management, multi-tenant multi-vendor monitoring, unparalleled cloud infrastructure, and integrated DR and BC add-on services,” says Hoffman.

“Through innovation, vendor integration and now Anchor’s acquisition, we have created a one-stop shop for partners to meet their clients’ BC and business productivity needs,” says Ted Hulsy, VP marketing, eFolder. “Partners are empowered to capture a much larger share of wallet by having a broad solution suite; the breadth of the eFolder solution is what allows partners to grow at double-digit rates year-over-year – a trend that we expect to accelerate in 2014.”

eFolder and the Anchor platform are both exclusively distributed through a network of MSPs, VARs, CSPs, and IT service providers.