CrashPlan Acquires Parablu to Expand Microsoft 365 Data Protection
October 8, 2024
CrashPlan, a portfolio company of Mill Point Capital, has acquired Parablu Inc. to extend its Microsoft 365 (M365) data protection and resiliency capabilities. The deal integrates Parablu's patented OneDrive/Google Drive backup technology into CrashPlan's global cloud infrastructure and appoints Parablu CEO Anand Prahlad as CrashPlan CTO to accelerate delivery of M365 backup, archiving, and ransomware recovery features.
- Buyers
- CrashPlan LLC, Mill Point Capital LLC
- Targets
- Parablu Inc.
- Platforms
- CrashPlan LLC
- Industry
- Cloud & SaaS
- Location
- Minnesota, United States
- Transaction Type
- Addon
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