New Investors for Australian Probax in Cloud Data Protection

Probax Pty Ltd, in cloud data protection solutions focused on the MSP channel only, announced that International Capital Markets Group, Inc. (ICMG) (Houston, TX), Unbundled Capital (Austin, TX) and Hawk Invest AS (Oslo, Norway), join as investors in the company.

Terms of the transaction were not disclosed.

Probax was founded in Australia in 2005 and expanded into the North American market in 2018. It offers a next-gen management portal with intelligent site discovery and automation technologies – empowering its MSP customers to deliver scalable “out-of-the-box ready” data protection solutions that offer substantial benefits to their own MSP business, while delivering real value to the clients they service.

“ICMG, Unbundled Capital and Hawk Invest collectively provide our company with industry wisdom, strategic guidance and access to capital to enable Probax to execute on its aggressive growth strategy. We see both organic and inorganic opportunities and this investment puts all options on the table for us,” said Tim Smith, CEO and chairman.

Randolph Read, president, ICMG, commented: “We believe Probax has developed innovative and differentiated data protection IP that can be extremely helpful in enabling MSPs to do their job more efficiently – and by extension potentially become more profitable. Moreover, Probax’s Hive and Scout technologies, can enable its customers to have access to market leading, third party technologies in a vendor agnostic platform. ICMG is excited to be a part of helping to further develop Probax.”