MSP360, Formerly ClouBerry Lab, Grew Revenue by 60% Y/Y in 3Q19

MSP360, formerly known as CloudBerry Lab, a provider of multi-cloud backup and recovery solutions, has gained significant ground in the backup and recovery solutions market in 3Q019.

“Our numbers show we’re well-respected in the backup and recovery solutions market,” said Brian Helwig, CEO, MSP360, who took over as the company’s CEO this year. “Our gains can be attributed to our continued focus on the success of MSPs and their customers.“

Revenue for 3Q19 is up 60% over the same period last year, and the pipeline for 4Q19 is strong.

Interest in MSP360’s product portfolio, which includes powerful, easy-to-use backup management capabilities, among MSPs continues to grow.

The company closed 3Q19 with more than 60,000 product activations, a 40% increase from 3Q18.

MSP360 Managed Backup Service (MBS) – a backup solution that also provides centralized job management, monitoring, reporting, and licensing control for MSPs and IT departments – gained market share in the backup platform market in 3Q19.

The total number of MSPs that signed up for the service doubled Y/Y and active MSP customers grew 23% in 3Q19.

Customers are also backing up more data to the cloud. Year to date, data stored in the cloud using the company’s MBS platform has grown 128%, increasing from 200PB to 455PB.

MSP360 Remote Assistant, currently a free product that allows MSPs to connect and provide remote support, had new product activations expand 147%.

“Our customers rely on us to help them with protecting client data in an ever-changing IT threat landscape,” Helwig said. “We take that responsibility very seriously – and our quarterly results show the overwhelming confidence and trust our customers have in us to deliver the results we promise.“

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New Name for CloudBerry Lab: MSP360
And new CEO, Brian Helwig, former Veeam executive
29 Jul 2019 | Press Release