(Market Wire Via Acquire Media NewsEdge) CARSON CITY, NV -- (MARKET WIRE) -- 09/08/11 --
Vembu Technologies, a leading provider of online data protection software for Managed Service Providers (MSPs) and Managed Hosting Providers (MHPs), today announced it acquired CloudNucleus, a data protection software developer with specific focus on continuous data protection with bare metal backup and disaster recovery for Windows and Linux environments. Specific terms of the deal were not disclosed.
The addition of CloudNucleus strengthens Vembu's offerings in the areas of business continuity and disaster recovery, Continuous Data Protection (CDP), Bare Metal Recovery (BMR), and protection of virtualized environments and will enhance the ability of Vembu's service provider partners to offer a superior backup service to their customers. This move underscores Vembu's commitment to open, heterogeneous storage management, expands Vembu's capabilities around information access and recovery, and deepens Vembu's commitment to the MSP channel.
Sekar Vembu, CEO of Vembu Technologies, said, "This combination is all about accelerating our ability to bring key functionality to our MSP and MHP partners. We're combining best-of-breed storage technologies, two winning employee populations with similar reputations for customer focus, and two experienced management teams with highly complementary visions for the future of information management. This represents a significant win for the companies, our collective customers, employees and partners."
The acquisition will accelerate Vembu's ability to deliver the industry's most complete data protection and recovery solutions targeted at small and medium businesses (SMB) and sold exclusively through MSPs and MHPs, helping partners get the maximum value from their service with the lowest risk and the highest customer satisfaction. Further, CloudNucleus' deep technical capability, and strong service delivery will complement Vembu's established channel and enhance its ability to serve partners and their customers around the globe.
"CloudNucleus' employees, customers, and partners will see tremendous benefits from Vembu's extensive partner community, expertise in data protection solutions for the MSP market, global presence and overall financial strength," said Srivatsan Venkatesan, CloudNucleus' founder and CEO. "We will now have additional resources to further accelerate the development of solutions that fulfill our mission of delivering technology that enables our partners to deliver truly differentiated services to their customers," added Venkatesan.
"Vembu's flexible StoreGrid software and their commitment to the channel made them the basis of all our data protection services," said Geoffrey Hayden, president of Acxential Business Solutions. "Now, with the combination of StoreGrid and CloudNucleus we will deliver even more value to our customers and reach new markets with more sophisticated solutions."
Vembu intends to integrate the technology and operations of CloudNucleus into its existing operations. Srivatsan Venkatesan will join Vembu as Vice President of Product Management, Storage Products. Vembu and CloudNucleus will integrate engineering and development functions to accelerate the development and delivery of their data protection solutions.
About Vembu TechnologiesVembu Technologies is an established leader in providing flexible, reliable, and cost-effective backup solutions. Vembu's flagship product, StoreGrid, is a network-based disk-to-disk software system for backing-up desktops and servers. StoreGrid comes in two editions: Service Provider Edition for MSPs, VARs & Hosting Providers, and Professional Edition for Businesses & Educational Institutions. StoreGrid is currently deployed on hundreds of thousands of workstations & servers worldwide. Vembu was founded in 2004, and has won many awards and has been recognized by various leading industry bodies.
About CloudNucleusCloudNucleus delivers Virtualization based Data Protection and Disaster Recovery Products. CloudNucleus enables small-to-medium businesses (SMBs) where companies can implement virtualized backups and disaster recovery for a fraction of the cost of traditional backup solution. For more information about CloudNucleus, please visit www.cloudnucleus.com and follow on Twitter at www.twitter.com/storcube
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