Files.com Acquires ExpanDrive

BetterCloud Acquires Tricent

November 13, 2024

Cloud & SaaS

BetterCloud has acquired Tricent, a provider of automated file‑sharing governance for Google Workspace and Microsoft 365, further positioning BetterCloud as a unified SaaS lifecycle management platform. The acquisition adds automated file‑sharing/data governance capabilities to BetterCloud’s product set and expands the company’s presence in EMEA.

CrashPlan Acquires Parablu to Expand Microsoft 365 Data Protection

October 8, 2024

Cloud & SaaS

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.

Jungle Disk Acquires ElephantDrive to Create Consumer Backup Division

May 23, 2022

Cloud & SaaS

San Antonio-based Jungle Disk has acquired Los Angeles–based ElephantDrive to launch a consumer backup division, bringing ElephantDrive's NAS and consumer cloud storage capabilities into Jungle Disk's backup and recovery portfolio. ElephantDrive will operate as an independent business unit focused on protecting consumer photos, videos and documents while Jungle Disk leverages its infrastructure and scale to expand into the consumer market.

Files.com Acquires ExaVault to Create Largest Cloud-Native File Automation Platform

March 23, 2022

Cloud & SaaS

Files.com, a Riverwood Capital–backed cloud-native SaaS platform headquartered in Scottsdale, Arizona, acquired ExaVault, a cloud file transfer vendor serving SMB and mid-market customers. The deal combines ExaVault’s customer base and engineering team (CEO David Ordal becomes Files.com CTO) with Files.com’s integration and automation capabilities, creating a combined platform of over 6,500 B2B customers and nearly 2 million GB of stored customer data.

Riverwood Capital Invests $46.5M in Files.com

February 2, 2021

Cloud & SaaS

Files.com, a provider of secure file workflows and automation, received a $46.5 million growth investment from Riverwood Capital to accelerate product development and expand adoption of its cloud-based automation platform. The company -- a bootstrapped, profitable business serving more than 1,500 customers -- will use the capital to speed its development roadmap and scale growth.

Profile Capital Acquires Panzura

May 8, 2020

Cloud & SaaS

Panzura, a provider of multi-cloud file system and data management solutions, was acquired by investment firm Profile Capital Management LLC; financial terms were not disclosed. Profile Capital said it will provide capital and networks to accelerate Panzura's market and international expansion as enterprises increase cloud adoption for remote work.