Amazon reportedly acquired Israeli disaster recovery service CloudEndure for around $200M

Amazon has reportedly acquired Israeli disaster recovery startup CloudEndure. Neither company has responded to our request for confirmation, but we have heard from multiple sources that the deal has happened. While some outlets have been reporting the deal was worth $250 million, we are hearing it’s closer to $200 million.

The company provides disaster recovery for cloud customers. You may be thinking that disaster recovery is precisely why we put our trust in cloud vendors. If something goes wrong, it’s the vendor’s problem — and you would be right to make this assumption, but nothing is simple. If you have a hybrid or multi-cloud scenario, you need to have ways to recover your data in the event of a disaster like weather, a cyberattack or political issue.

That’s where a company like CloudEndure comes into play. It can help you recover and get back and running in another place, no matter where your data lives, by providing a continuous backup and migration between clouds and private data centers. While CloudEndure currently works with AWS, Azure and Google Cloud Platform, it’s not clear if Amazon would continue to support these other vendors.

The company was backed by Dell Technologies Capital, Infosys and Magma Venture Partners, among others. Ray Wang, founder and principal analyst at Constellation Research, says Infosys recently divested its part of the deal and that might have precipitated the sale. “So much information is sitting in the cloud that you need backups and regions to make sure you have seamless recovery in the event of a disaster,” Wang told TechCrunch.

While he isn’t clear what Amazon will do with the company, he says it will test just how open it is. “If you have multi-cloud and want your on-prem data backed up, or if you have backup on one cloud like AWS and want it on Google or Azure, you could do this today with CloudEndure,” he said. “That’s why I’m curious if they’ll keep supporting Azure or GCP,” he added.

CloudEndure was founded in 2012 and has raised just over $18 million. Its most recent investment came in 2016 when it raised $6 million, led by Infosys and Magma.

Original Article : HERE ; This post was curated & posted using : RealSpecific

Thank you for taking the time to read our article.

If you enjoyed our content, we'd really appreciate some "love" with a share or two.

And ... Don't forget to have fun!

Recommended Products

Aiwis 2.0

Aiwis is a never seen before technology that is here to enhance your businesses like NEVER before - From itand#39;s behavioural marketing traits to personalisation and Video elements that host a whole heap of features like language intelligence.. You simply

AffiliStores PRO | AI Powered Profitable Automated Affiliate Stores!

Create Highly Profitable Affiliate Stores In Minutes! Crush It With Amazon, AliExpress, eBay and Many Other Affiliate Marketplaces!

SociBot PLATINUM 'LITE' - Discount

SociBot is an all in one Facebook traffic and commission getting software that will help you to grow your business on autopilot, even whilst your asleep!

Leave a Reply