Cloud Services Provider Infrascale to Purchase Eversync Solutions

Cloud powered-data protection provider Infrascale has announced its intentions to purchase fellow cloud services provider Eversync Solutions, furthering the company’s push into the growing cloud backup and recovery market. The agreement to acquire Eversync was made possible when Infrascale obtained an additional $16.3 million in Series B funding from investor Carrick Capital Partners with additional advising from DH Capital.

“I think a really important thing for our channel to understand is that we’re already a profitable company,” said Ken Shaw Jr., founder and CEO of Infrascale, in an interview with The VAR Guy. “For us, the capital allows us to do new and exciting things around technology and R&D and bringing new products to markets for our partners.”

The funding will allow Infrascale to support its own growth and accelerate its go to market strategy, while expanding its product portfolio through the acquisition of Eversync. Infrascale plans to use the acquisition to gain a foothold in the rapidly expanding world of cloud backup and recovery, which exceeded $2 billion in 2013, according to IDC. The exact amount of the acquisition was not disclosed.

“Infrascale is a cloud native company; we grew up in the cloud and we do backup to the cloud exceptionally well,” said Shaw. “Eversync has grown up focusing on building de-duplicating backup appliances on-premise with cloud integration. By putting the two together you get a really powerful hybrid data protection solution that allows companies to do disk-to-disk-to-cloud [backup].”

Cofounder and managing director of Carrick Capital Partners Marc McMorris is scheduled to become an active member of Infrascale’s board as part of the investment deal. CTO of Carrick Capital Partners Steven Unterberger will also serve as a board observer.

“Trends in BYOD and the increasing number of remote and mobile workers create a long-term market opportunity that will continue to unfold over the next 10 or more years as companies evolve in the way they procure and use technology,” said McMorris in a prepared statement. “Infrascale’s ability to deploy in a private, public or on-premise environment and the superior security of their architecture is a unique combination that makes them the pre-eminent company in their category.”

Infrascale currently offers its customers access to its cloud-native platform for backup disaster recovery and archiving of resources. The company says its acquisition of Eversync will expand the Infrascale’s data protection portfolio by extending compatibility to include the most widely used operating systems.

“It’s not only an alignment of technology and people but it’s an alignment of view and vision where the technology is going and where the channel is going with it,” said Shaw.