$7 Million Investment Round for CloudEndure, in Live-Migration and DR Solutions

CloudEndure Ltd., provider of live-migration and DR solutions, has closed a round of funding in the amount of $7 million dollars.

Infosys Technologies Limited, an information technology services provider, co-led the round, along with previous investor, Magma Venture Partners.

The new capital will enable CloudEndure to scale its sales and marketing operations to meet increasing demand for its enterprise-grade DR solution.
 
Market demand continues to grow for a new and emerging generation of DR solutions that can reap the benefits of the cloud and replace aging and legacy-based DR solutions. According to research firms, by 2020, 90% of DR operations will run in the cloud.
 
CloudEndure helps companies solve the problem of downtime without the on-going high costs typically associated with traditional DR approaches. The company offers live migration and DR from any platform into and across clouds.
 
2015 was a year of significant growth, with CloudEndure adding Fortune 1,000 companies, and expanding its sales channel with over 70 partners worldwide.
 
“Many leading enterprises look to Infosys for guidance and implementation services associated with large-scale infrastructure transformation projects. We are excited by CloudEndure’s enterprise grade cloud migration and DR solution, which has been built from the ground up for a multi-cloud world. We believe this will provide enterprises a way to improve operational agility at lower cost,” stated Jake Klein, VP of corporate development and ventures, Infosys.
 
“We are excited to announce this investment and validation from Infosys and our existing investors,” stated Ofer Gadish, CEO, CloudEndure. “This new capital will enable us to scale our efforts to meet increased demand from enterprise companies seeking a new generation of DR solutions. We’ll also continue to innovate and extend our solution to meet the dynamic needs of our growing customer base.”

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