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Druva Set to Bring Cloud to the Edge with CloudLanes Acquisition
Thursday 18 July 2019

18 July 2019 - US-based cloud data protection and management specialist Druva, Inc has acquired hybrid cloud data protection and migration innovator CloudLanes, the company said.
CloudLanes enables seamless and secure movement of data from on-premises to cloud.
With the new addition, Druva is set to expand cloud to the edge, bringing enterprises the ability to keep data readily available on-site, while leveraging SaaS-based business continuity, short recovery windows and greater workload mobility to reduce costs by up to 50 %.
CloudLanes' software rapidly and securely ingests data from on-premises and moves it to the cloud in a fast, secure, and auditable manner for protection needs, freeing organizations from legacy scalability and architecture.
By integrating CloudLanes, Druva brings all the benefits of its cloud capabilities to these on-premises environments, providing instant recovery and enhancing data security without requiring any hardware.
Additionally, efficient and cost-effective cloud-based resources and lifecycle management will decrease overall TCO by eliminating the need for on-premises storage and compute resources.
With this new approach, heavily regulated industries like healthcare and banking will now be able to meet their business needs for governance and compliance with a solution designed for the cloud era.
CloudLanes, founded in 2015, introduced the industry's first secondary storage platform built on public clouds with a hybrid cloud approach.
Designed for data guardianship and optimised for backup and archival workloads, CloudLanes combined this with unparalleled security and governance, chain of custody and data verification capabilities.
Druva is a privately held company headquartered in Sunnyvale, California and is funded by Sequoia Capital, Viking Global Investors, Tenaya Capital, Riverwood Capital and Nexus Partners.
Date Published: 18/07/2019
Target: CloudLanes
Country: USA
Sector: IT/Online Services
Type: Corporate acquisition
Status: Closed
Buyer: Druva, Inc
Terms of the deal were not disclosed