Druva With 70% Growth Y/Y in Data Center Workload Revenue

Druva, Inc. closed its most successful year to date, with continued rapid growth and momentum for its SaaS-based data protection solutions.

The company has experienced a 70% Y/Y increase in recurring revenue for its data center workload protection solution, and a 50% growth in overall data under management.

Given today’s increasing demand for cloud-based solutions, the company is further accelerating growth through 2020.

While cloud migration efforts have been underway for several years, the increased adoption of a remote workforce, growing ransomware threats, and rising questions about data governance have accelerated the demand for a cloud-first approach to data protection.

According to a May 2020 report from IDC*, infrastructure spending is still projected to grow to $237 billion this year based on resilient spending by service providers in addition to ongoing enterprise demand for cloud services.

In building a platform that offers one-click setup, automated updates, diverse workload coverage, customer success, and lower costs, Druva has continued to illustrate the value cloud data protection can offer compared to traditional hardware-based architectures.

Leveraging the capabilities across their organizations, customers have performed over 1.5 billion backups with the company in the last 12 months, and the company has helped more than 1,000 companies move away from the investment-heavy and legacy approach to data protection.

Protection for all of next-gen workloads
In addition to its capabilities and savings for data center workloads, the firm offers a comprehensive coverage and automated capabilities, and with the ability to cover the entirety of modern cloud mandates – cloud-native environments, SaaS applications, and migrated workloads.

• This year, the company expanded coverage of Microsoft 365 with support for SharePoint Online and Teams. It now supports more than 800 customers protecting Microsoft 365 workloads.
• As enterprises continue to expand their footprint on Amazon AWS, customers can increase visibility with capabilities including Amazon S3 backup, Amazon Elastic Block Store archival and global data management policies. More than 400 companies are now leveraging Druva to protect and manage their AWS-native workloads.
• It offers more integrated features with AWS than any other vendor, and introduced support for Outpost and new intelligent cold storage tiering for data, reducing overall cost. It now supports more than 700 customers protecting data center workloads.
• More than 25% of the company’s cloud customers are now purchasing multiple workload protection across the Druva Cloud Platform.
• Additionally, Druva Cloud Platform offers seamless integrations with solution providers, including FireEye, Okta, Splunk, ServiceNow to help customers unlock greater value from their data.

“The spring of 2020 will be forever remembered as the inflection point of the cloud era, when years of planning and discussion transformed into action and massive migration efforts nearly overnight,” said Jaspreet Singh, founder and CEO. “There has never been a greater need for trusted technologies, and cloud has proven to be the ultimate contingency plan. This has been a strong year for our company and given our strategy combined with the current market acceleration toward cloud migration, there is an opportunity to expand our growth even further this year.”

“I expect data protection solutions to play a more critical role than ever before to ensure that enterprise collaboration platforms can run 24×7 to keep employees productive,” said Phil Goodwin, research director, IDC. “Given the enhancements Druva has introduced, and has planned for the coming year, the company is positioning itself to better help customers navigate this transition and effectively protect their organization’s and dispersed workforce’s data.”

Excellence in customer success
This month Druva received over 50 awards from G2 spanning across our product portfolio, including being named the ≠1 SaaS Backup solution, and a leader for Cloud Security.

Additionally, the company was recognized for a certified NPS score of 88, while also receiving the CRMI NorthFace ScoreBoard Award for the second consecutive year, as well as TrustRadius Top Rated Awards for DR and endpoint backup. Earlier this year it was recognized as a 2020 Peer Insights Customers’ Choice for Backup and Recovery Solutions by Gartner in addition to securing 8 trophies at the 2020 Stevie Awards for excellence in customer service.

Druva also now boasts more than a thousand customers to protect their employees and critical data for more than 5 years.

*IDC Lowers Forecast for Worldwide IT Spending to a Decline of 5.1% in 2020, but Cloud Spending Remains Relatively Resilient, May 4, 2020.