page contents Veritas Technologies acquires HubStor to protect cloud data – The News Headline

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 previous day 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 similar 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 bought by way of a miles greater Veritas entity that already has a big endeavor gross sales staff in position, stated HubStor CEO Geoff Bourgeois. “We’ve been referred to as a scrappy startup,” he stated in an interview with VentureBeat.

Veritas plans to proceed to provide the HubStor carrier along an present portfolio of information coverage gear which might be additionally already hired extensively by way of endeavor IT organizations, stated Simon Jelley, vice chairman and basic supervisor for the Backup Exec trade at Veritas.

Extra of the ones endeavor IT organizations also are beginning to admire the truth that suppliers of cloud services and products aren’t going to give protection to their knowledge from, as an example, a ransomware assault, he famous. Underneath the shared accountability fashions followed by way of cloud carrier suppliers, Jelley stated it’s grow to be transparent that organizations are liable for enforcing their very own knowledge coverage insurance policies.

Relatively than construct its personal platform to handle that requirement, Veritas decided it used to be going to be more practical to procure HubStor. ‘It used to be a construct as opposed to purchase equation for us,” stated Jelley.

Veritas is recently owned by way of the Carlyle Team, which got the corporate from Symantec in 2014 for $eight billion in money ahead of relaunching the corporate as Veritas Applied sciences in 2016. Since then, Veritas has been curious about making to be had a set of information control gear 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 lots of others.

Naturally, HubStor isn’t the one supplier of information coverage gear geared toward cloud services and products. Then again, the corporate has constructed a SaaS platform for endeavor IT organizations that want to give protection to large quantities of information dwelling in a couple of cloud services and products. Over the process the COVID-19 pandemic, the volume of information dwelling in those platforms has exponentially greater as workers trusted them extra to proportion information whilst operating from house.

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

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

That requirement has led over time 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 fortify for the brand new platform, however no longer ahead of the startup corporate has attained long-term viability. The information coverage class as a result has confirmed itself to be somewhat proof against consolidation tendencies that experience impacted different IT sectors.

Whether or not that is still the case continues to be noticed. Then again, the fortunes of suppliers of information coverage choices seem to be buoyed by way of the wish to make sure that pristine copies of information are all the time to be had within the match of a ransomware assault. As long as every other method to fixing the ransomware problems emerges, it’s most probably that may proceed to be the case for many years yet to come.


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