Home / News / Veritas Technologies acquires HubStor to protect cloud data

Veritas Technologies acquires HubStor to protect cloud data

With extra knowledge than ever pouring into cloud services and products, the desire to give protection to that knowledge from being stolen or encrypted by way of a ransomware assault led Veritas Applied sciences the day before today to announce it has got HubStor. Phrases of the deal weren’t disclosed.

As a supplier of software-as-a-service (SaaS) platform for backing up knowledge saved in cloud services and products corresponding to Microsoft Place of job 365, Slack, and Field, HubStor has basically centered its efforts on kind of 100 massive endeavor shoppers. The purchase will allow HubStor to be offered by way of a miles greater Veritas entity that already has a big endeavor gross sales staff in position, mentioned HubStor CEO Geoff Bourgeois. “We’ve been referred to as a scrappy startup,” he mentioned in an interview with VentureBeat.

Veritas plans to proceed to supply the HubStor provider along an present portfolio of information coverage equipment which might be additionally already hired extensively by way of endeavor IT organizations, mentioned Simon Jelley, vice chairman and common supervisor for the Backup Exec industry at Veritas.

Extra of the ones endeavor IT organizations also are beginning to admire the truth that suppliers of cloud services and products don’t seem to be going to give protection to their knowledge from, for instance, a ransomware assault, he famous. Underneath the shared duty fashions followed by way of cloud provider suppliers, Jelley mentioned it’s grow to be transparent that organizations are liable for imposing their very own knowledge coverage insurance policies.

Fairly than construct its personal platform to handle that requirement, Veritas made up our minds it was once going to be more effective to obtain HubStor. ‘It was once a construct as opposed to purchase equation for us,” mentioned Jelley.

Veritas is lately owned by way of the Carlyle Staff, which got the corporate from Symantec in 2014 for $eight billion in money earlier than relaunching the corporate as Veritas Applied sciences in 2016. Since then, Veritas has been thinking about making to be had a collection of information control equipment that come with knowledge coverage choices. Main knowledge coverage competitors come with Dell Applied sciences, Commvault, Hewlett-Packard Undertaking (HPE), Rubrik, Barracuda Networks, Cohesity, Veeam, Druva, and plenty of others.

Naturally, HubStor isn’t the one supplier of information coverage equipment geared toward cloud services and products. On the other hand, the corporate has constructed a SaaS platform for endeavor IT organizations that want to give protection to huge quantities of information dwelling in more than one cloud services and products. Over the process the COVID-19 pandemic, the quantity of information dwelling in those platforms has exponentially greater as staff depended on them extra to percentage recordsdata whilst running from house.

The upward thrust of ransomware has made endeavor IT organizations extra cognizant of the desire to give protection to that knowledge. The one method to successfully fight a ransomware assault is to ensure a pristine unencrypted replica of information saved in a cloud provider is quickly to be had on any other platform that has no longer been comprised.

Pageant amongst suppliers of information coverage platforms stays fierce. With the arriving of every new form of IT platform, a distinct strategy to backing up and improving knowledge has been required.

That requirement has led through the years to the advent of a chain of information coverage startups every time a brand new IT platform has received any traction. Ultimately, incumbent distributors upload strengthen for the brand new platform, however no longer earlier than the startup corporate has attained long-term viability. The information coverage class in consequence has confirmed itself to be somewhat immune to consolidation traits that experience impacted different IT sectors.

Whether or not that remains to be the case continues to be noticed. On the other hand, the fortunes of suppliers of information coverage choices seem to be buoyed by way of the wish to ensure that pristine copies of information are all the time to be had within the match of a ransomware assault. As long as any other strategy to fixing the ransomware problems emerges, it’s most probably that can proceed to be the case for many years yet to come.

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