Google Cloud Acquires Backup Provider Actifio
This is M&A deal number 502 that ChannelE2E has covered so far this year. See the complete M&A deal list here.
Actifio manages more than two exabytes of application data across cloud-native and hybrid environments for 3,700 customers. Many of the deployments involve protecting data from such systems as SAP HANA, Oracle, Microsoft SQL Server, virtual machines and physical servers, Calder says.
Google Acquires Actifio Backup: Background and Executive Perspectives
Ahead of the Google deal, Actifio had raised more than $350 million from venture capital investors. Moreover, Actifio has an active MSP (managed IT services provider) partner program.
In a prepared statement about the deal, Actifio CEO Ash Ashutosh said:
“We’re excited to join Google Cloud and build on the success we’ve had as partners over the past four years. Backup and recovery is essential to enterprise cloud adoption and, together with Google Cloud, we are well-positioned to serve the needs of data-driven customers across industries.”
Meanwhile, Google has vowed to maintain support for third-party backup providers, technology partners and channel partners.
Backup Merger & Acquisition (M&A) Activity
M&A activity in the cloud and SaaS application backup market remains steady. Recent deals include:
- November 2020: Druva acquired sfApex, a provider of Salesforce cloud BDR tools.
- November 2020: Zix acquired CloudAlly
- October 2020: Veeam acquired Kasten for Kubernetes container BDR
- March 2020: Private equity firm Insight Partners acquired Veeam
- December 2019: OpenText acquired Carbonite and Webroot
- January 2019: Amazon acquired CloudEndure
Meanwhile, most of the major MSP platform providers — Barracuda, ConnectWise, Datto, Kaseya, NinjaRMM and SolarWinds MSP — now offer some form of backup, and many of the firms have either acquired or developed SaaS data application backup services.