WestView Capital Partners Invests in VaultLogix

Danvers, Mass (Vocus) December 21, 2009

VaultLogix, a leading nationwide provider of online backup and disaster recovery services to the small and medium-sized business market, today announced that it has received a minority equity investment from WestView Capital Partners, a Boston-based private equity firm focused on lower middle market companies. WestView joins existing VaultLogix investor London Bay Capital in partnership with the Companys management team. VaultLogix represents WestViews first investment out of its recently closed $ 325 million growth equity fund.

VaultLogix was founded in 2003 by CEO Tim Hannibal and has experienced significant growth through both direct customer and reseller partner expansion. The Company currently serves over 3,600 customers across virtually all industry verticals. The Companys software provides a comprehensive and reliable remote backup service and brings enterprise level offsite backup functionality to the SMB market. VaultLogixs focus is to guarantee an automated, reliable and secure backup solution that enables 24x7x365 access to a customers data for simple and immediate restoration.

VaultLogix has grown rapidly through both organic customer expansion and accretive acquisitions and we look forward to continuing our track record of growth and customer satisfaction in partnership with WestView and London Bay, said Tim Hannibal, founder and CEO of VaultLogix. Our management team welcomes WestViews extensive experience working with growing technology service companies such as ours to achieve their strategic objectives.

We are excited about the opportunity to work with the VaultLogix team as they continue to capitalize on the growing market opportunity for online data backup and disaster recovery services. Tim Hannibal and his team represent the type of experienced and energetic entrepreneurs we look to partner with at WestView, said Rick Williams, a managing partner at WestView. This investment fits extremely well with our background of investing in profitable technology and technology-enabled service companies, added Matt Carroll, a partner at WestView, who along with Rick Williams has joined the Companys Board of Directors.

Sam Humphreys, the CEO of London Bay Capital, stated, We are delighted that WestView Capital has joined us in this investment. VaultLogix has grown significantly during the two years that we have been involved with the company, and we welcome the opportunity to continue building VaultLogix in partnership with the talented team at WestView.

About VaultLogix

VaultLogix assists businesses in securing their most critical corporate assets their data. VaultLogixs unique offsite backup service safeguards important information through an agentless and automated process that sends data securely to multiple locations. In addition to providing the features which businesses require, VaultLogix also delivers industry-leading solutions for the support, billing, marketing and integration of online backup for VARs, MSPs and IT Consultants.

For more information, visit http://www.dataprotection.com or call 1-877-VAULTLOGIX (877-828-5856).

About WestView Capital Partners

WestView Capital Partners is a private equity firm focused exclusively on lower middle market companies. WestView partners with existing management teams to sponsor minority and majority recapitalizations, growth, and consolidation transactions in a wide range of industries including business services, software, healthcare services, industrial/manufacturing, media/publishing and consumer/retail. WestView targets companies with operating profits between $ 3 million and $ 20 million with investment sizes ranging from $ 5 million to $ 30 million. WestView is located in Boston, Massachusetts and more information is available at http://www.wvcapital.com.

About London Bay Capital

London Bay Capital is a private equity firm based in San Francisco. It focuses on management buyouts of middle-market growth businesses in the US and Europe. It invests its partners own capital as well as funds it manages on behalf of one of the worlds largest family offices.

Website Description

VaultLogix

Danvers, MA

http://www.dataprotection.com

VaultLogix is a leading nationwide provider of online data backup and disaster recovery services to the small and medium-sized business market. The Companys online backup software platform, provided to customers as a subscription service, safeguards mission critical customer data through an agentless and automated process that sends data securely to multiple data centers across North America.

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WestView Capital Partners Invests in VaultLogix

Recovery Point Invests in Additional IBM Enterprise Class Mainframe

Gaithersburg, MD (PRWEB) February 14, 2011

Recovery Point, a leading national provider of integrated business continuity solutions to government agencies and commercial and non-profit organizations, has completed the installation of a third IBM Mainframe environment.

Mainframe based hot-site service requirements are in increasing demand in the disaster recovery industry, according to Dick Fordham, Recovery Point Director of Marketing and Strategy.

We made significant investments in our facilities and service infrastructure in 2010 and will continue to do so in 2011, the latest being the installation of a third IBM Mainframe to support our growing client base, says Dick. I dont believe any service provider can accurately claim to be in the hot-site services business if they are not able to provide the whole range of technology platforms, including mainframes.

The Z10 Enterprise Class Mainframe has 256 GB of memory and a combination of over 10,000 general purpose and IFL MIPS. The three book system also has pre-provisioned capacity to expand to 17,500 MIPS.

By providing multiple IBM mainframe platforms, Recovery Point joins an elite group of only three services providers nationwide with such technology. The additional mainframe supports the rapid expansion of our services to support clients across the United States, adds Dick. This, in addition to our Tier III certification from the Uptime Institute and our nationwide private cloud network, means that clients can cost effectively access all of our services from anywhere in the country via any carrier, and have them delivered from the most secure and resilient commercially available facilities in the country.

About Recovery Point

Recovery Points family of integrated business continuity solutions includes full service consulting; planning software with built-in notification features; hot site, cold site and work area recovery; off-site data storage and transportation; cloud backup and recovery, and secure hosting provisioned with nationwide, carrier neutral network resources. Delivered from multiple, secure facilities, Recovery Points services can be acquired individually or specially packaged in any combination to help clients reduce risk, eliminate vendor fragmentation and accelerate recovery processes. http://www.recoverypoint.com

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Recovery Point Invests in Additional IBM Enterprise Class Mainframe

Venture Capital Fund invests in Cloud Backup from Databarracks

(PRWEB UK) 31 October 2012

The Company: Advent Venture Partners venture capital investors based in London.

The Challenge: To improve unreliable and inefficient tape backups.

The Solution: Databarracks was chosen to set up cloud backup with Asigra software and Virtual Disaster Recovery (VDR).

Advent Venture Partners is one of Europe’s most successful growth and venture capital investors in market-leading tech and life sciences businesses.

Regulated by the Financial Services Authority, Advent Venture Partners has to comply with strict rules and legislation related to financial information and records. The company holds confidential intellectual property data and commercial information making secure backups an absolute necessity.

Our most critical data is our Finance information , says Paul Girling, Advents Head of IT. This includes all the facts and figures about our investments which are not only very important but also very sensitive.

Our biggest concerns were the reliability of and the efficiency of tape backups. We used tapes for backup and a tape collection service to make sure our data was also stored off-site. The situation wasnt ideal. If we had a problem and needed a restore, we would either have to wait until the following day for our tape to be returned or pay for same-day delivery of the tapes.

Advents location also makes the company vulnerable: In addition to the usual worries about disk failure or corruption of databases, we are based in Central London, in close proximity to Buckingham Palace. It isnt uncommon for us to be denied access to the office because of incidents such as security threats. The office and systems are fine but we arent able to access them. Our continuity – planning has to include in these occurrences too.

Mr Girling cautiously set about improving Advents backup system: Cloud backup was always going to be a better alternative, but we had to wait until the service had reached maturity and could do exactly what we wanted.

During the selection process I saw countless different companies but I was never completely confident. There were always question marks over the software and the technology being used and I was never convinced it would work.

It was quite a challenge to convince the partners here that this was the right route for us. The business had been using tapes since before I arrived, so to move to something completely different was obviously quite a leap, admits Girling.

After meeting with Databarracks, any doubts about cloud back up were put to rest: The functionality of the Asigra software is superb and the infrastructure is first-rate.

A key part of the selection process for us was being able to visit the data centre and see that our information is being stored somewhere so secure and resilient. There are a lot of similar services being hosted out of data centres in the middle of the city but that is a risk we didnt want to take, explains Girling.

Databarracks hands-on approach during the initial setup process was also appreciated: An engineer came to our site to collect our first backup and set us up. Having the one-to-one contact with the engineer really helped and together we went through our different data restoration scenarios and retention needs. We then designed all of the backup sets. We were able to set it up exactly how we needed it rather than being limited by what the software would allow, says Girling.

Now, when we lose data, I have access to all the backups straight away and can have it restored in minutes. The backup system has really been tested. On several occasions we have had to make restores and roll-back the databases.

In the event of a complete disaster, Advent is able to restore its servers into Databarracks’ Virtual Disaster Recovery environment using a bare-metal restore. This allows staff to continue to operate from a temporary, cloud-hosted platform while the onsite problems are resolved.

What has most impressed us is the standard of customer service we have received, reveals Girling. Great technology is vital – but it counts for nothing if the service isnt good. I have actually used Databarracks as an example of excellent customer service to other companies.

About Databarracks:

Databarracks has been a cloud service provider for almost a decade, implementing disaster recovery and production environments for companies of all sizes throughout the world.

Venture Capital Fund invests in Cloud Backup from Databarracks