Redstor Momentum Grows in 2Q22 as Backup Platform Hits Mark With MSPs, Users and Global Customers

Redstor Ltd. announced momentum continued to grow in 2Q22, spurred by recognition of its technology, new veteran talent, increased U.S. demand, product enhancements and 2 new offices.

This follows a 1Q22 that saw developments across key areas, including an investment from Bregal Milestone, an European technology growth capital firm, a number of highly coveted industry honors and global sales increases.

“We have the right technology, the right people and the right platform to continue our strong momentum. We built a foundation to take us to our goals and now we’re accelerating,” said Paul Evans, CEO. “Even so, of all the 2Q22 developments, most gratifying to me was the number of users that shared reviews of Redstor online, ranking our product first in areas like product ease of use, support and overall business experience. These are people in the thick of the managed services battle, and that they consider our platform their go-to tool is tremendously validating.”

Purpose-built for MSPs and designed for multi-tenancy, Redstor streamlines IT workloads by centralizing the backup and management of data on infrastructure, cloud-native environments and a wide array of SaaS platforms. Management of all customers and their data can be handled entirely through a single app (RedApp), so MSPs can quickly and easily implement policies to fortify security and lessen the impact of data breaches.

Attracting talent
The company continued to attract and add top veteran talent in Q2. Of particular note is Mike Hanauer as CRO, tasked with spearheading global sales expansion. Previously, he served as CRO for Skout Cybersecurity (acquired by Barracuda Networks), and prior to that, VP US sales, Datto.

Further, Redstor is announcing the addition of 2 more industry veterans. Named channel chief is Matt Scully, who held senior channel management posts at Mailprotector and Datto. Zoe Boreham, FCIPD, has also been named chief people officer. He formerly led human resources initiatives for a number of technology companies, including Fleetcore and De La Rue.

“Redstor sells exclusively via the channel and enjoys a strong reputation; they offer MSPs incredible levels of service and support and their platform makes life easier,” noted Scully. “This is where savvy MSPs want to be. And with a commitment to U.S. expansion, and soon-to-be unveiled partner program that’ll turn heads, it’s where I want to be, too.”

Recognition builds
The company received a number of industry honors throughout 2Q22. This included winning Connected Technologies Vendor of the Year at the IT Europa Channel Awards, as well as Hosted Cloud Vendor of the Year in the 2022 Technology Reseller Awards.

The firm’s users weighed in with recognition of their own. Within G2’s peer-to-peer reviews and rankings, the company dominated backup and DR, gaining high satisfaction rating in the following categories: backup, online backup, DR and DRaaS. With the IT and services industry most heavily represented, MSP pros regard the firm as the frontrunner, besting competitors in areas from product simplicity and setup to support quality and ease of doing business, winning 39 badges in G2’s Summer 2022 report.

Expansion abounds
The firm experienced growth throughout global markets during the period, prompting additional offices to be opened in Birmingham (UK) and Cape Town (South Africa). Product capabilities were also expanded, a highlight being enhanced user access management as well as data tagging capabilities, enabling MSPs to implement zero-trust policies, better protect customer data and help identify and classify specific file types.

While sales expanded overall, demand in USA grew at an unprecedented pace. Interest from new partners produced more than a 300% increase in sales over the same period last year, with a number of large, recognizable companies planning to make the move to Redstor in the months ahead.