Druva, Inc., the leader in Cloud Data Protection and Management, announced the close of its most successful year to date, with continued rapid growth and momentum for its SaaS-based data protection solutions. The company 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.
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“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”
While cloud migration efforts have been underway for several years, the increased adoption of a remote workforce, growing ransomware threats, and rising questions about data governance have significantly accelerated the demand for a cloud-first approach to data protection. According to a May 2020 report from IDC*, infrastructure spending is still projected to grow to $237 billion this year based on resilient spending by service providers in addition to ongoing enterprise demand for cloud services. In building a platform that offers one-click setup, automated updates, diverse workload coverage, proven customer success, and dramatically lower costs, Druva has continued to illustrate the value cloud data protection can offer compared to traditional hardware-based architectures.
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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.
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