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Infrascale, formerly known as SOS Online Backup, received a Series B $16.3 million round today, and subsequently announced its plans to acquire their competitor, Eversync Solutions. The El Segundo-based Infrascale’s most recent round of funding was courtesy of Carrick Capital Partners and DH Capital. The money will be used to ramp up its R&D efforts and accelerate its go to market strategy.
Infrascale provides a secure global storage platform built for high volume cloud storage. It hopes its recent funding and acquisition will further their attempts to penetrate the highly competitive $2 billion market.
The managing director of Carrick Capital Partners, Marc McMorris, and Carrick Capital Partners’ CTO Steven Unterberger will join Infrascale’s board as part of the deal. “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.” McMorris said in a statement.
With the acquisition, Infrascale will utilize Eversync’s strengths in cloud backup to create a combined product between the two companies. “Infrascale is a cloud native company; we grew up in the cloud and we do backup to the cloud exceptionally well. 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.” Infrascale CEO Ken Shaw Jr. said in an interview with The Var Guy.
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