eFolder Acquires Swedish Cloudfinder

eFolder, Inc., in BC and cloud file sync services for the IT channel, announced the acquisition of Cloudfinder, in cloud-to-cloud backup services.

Cloudfinder products provide backup, full-text search, restoration and reporting for B2B cloud services, including Office 365, Google Apps and Salesforce. eFolder’s acquisition of Cloudfinder creates a new profit opportunity for IT channel partners that choose to backup and support their clients’ cloud data and applications.

Despite the robust infrastructure in use by leading B2B cloud application providers, businesses today risk data loss, data fragmentation and compliance violations as more workloads move from on-premises servers to the cloud. At the same time, IT channel partners are seeking to replace traditional revenue streams from on-premises managed services as their clients rapidly adopt cloud applications. This acquisition bridges these gaps, offering business users an extra level of resiliency and assurance for all their cloud data, while restoring the profit opportunity for partners with managed cloud applications.

Cloudfinder is a company that provides a unified backup and instant full-text search of cloud data across differing cloud services. From one user interface, businesses can backup, search, restore and get a data overview across multiple cloud services. It supports for Office 365, Google Apps, and Salesforce, and with plans to support additional cloud applications. These technological innovations are relevant as businesses report losing data in the cloud. A January 2013 report by the Aberdeen Group found that 32% of companies that are using cloud services have reported losing data.

“The cloud computing revolution is allowing businesses of all sizes to run entirely in the cloud,” says Kevin Hoffman, CEO, eFolder. “Unfortunately, businesses still face the risk of data loss or downtime in the cloud, since user error, accidental deletion or malicious employees pose risks to business data no matter where it resides. By adding a layer of instant search and BC to these mass market B2B cloud applications through Cloudfinder’s technology, eFolder is empowering partners to deliver lucrative managed backup and support for clients that have migrated to the cloud.”

Headquartered in Malmö, Sweden and led by CEO Marcus Nyman, Cloudfinder has thousands of users. eFolder plans on leveraging Cloudfinder technology with its dedicated IT channel distribution, petabyte-scale cloud infrastructure, and economies of scale to accelerate the cloud application data protection market.

“As we have learned with our existing partner network, cloud computing is not do-it-yourself computing,” says Nyman. “Businesses need the trusted advice of MSPs, cloud service providers, and VARs as more applications move to the cloud. We founded Cloudfinder on the idea that cloud applications need the same level of backup and resiliency traditionally used for on-premises servers and applications. As cloud adoption accelerates, IT channel partners are uniquely positioned to help businesses protect and centralize their cloud data with Cloudfinder. We are pleased to be joining eFolder, a company that shares our vision of the future and has an unrivaled reputation for helping partners grow profitably with managed services built upon a broad portfolio for backup, BDR, and cloud file sync services.“

“Locally and in the cloud, eFolder now offers the most comprehensive suite of BC services sold exclusively to the IT channel,” says Ted Hulsy, VP marketing. “eFolder partners can take advantage of synergies that exist in the eFolder product portfolio, including local backup, cloud backup, BDR, cloud file sync and now Cloudfinder, working with a single vendor to resolve their clients’ key BC and productivity needs. We are excited to have Cloudfinder join the eFolder family and look forward to expanding the availability of Cloudfinder to partners worldwide.”

Financial details of the transaction were not disclosed.

Nyman and the entire Cloudfinder team are joining eFolder.