Druva, the leader in Cloud Data Protection and Management, announced that the company continues its rapid growth and momentum for its SaaS-based data protection solutions is on a high trajectory.
Jaspreet Singh, founder and CEO, Druva
In a statement, the company said, it has experienced a 70 percent year-over-year increase in recurring revenue for its data center workload protection solution, and a 50 percent growth in overall data under management, making it the largest and most trusted company delivering SaaS-based data protection. Given today’s increasing demand for cloud-based solutions, the company is further accelerating growth through 2020.
Leveraging the powerful capabilities across their organizations, customers have performed over 1.5 billion backups with Druva in the last 12 months, and the company has helped more than 1,000 companies move away from the investment-heavy and legacy approach to data protection.
In addition to its strong capabilities and proven savings for data center workloads, Druva offers the industry’s most comprehensive coverage and automated capabilities, and with the ability to cover the entirety of modern cloud mandates – cloud-native environments, SaaS applications, and migrated workloads.
“The spring of 2020 will be forever remembered as the inflection point of the cloud era, when years of planning and discussion transformed into action and massive migration efforts nearly overnight,” said Jaspreet Singh, founder and CEO, Druva. “There has never been a greater need for trusted technologies, and cloud has proven to be the ultimate contingency plan. This has been a strong year for our company and given our strategy combined with the current market acceleration toward cloud migration, there is an opportunity to expand our growth even further this year.”
