Cloud protection and backup provider CrashPlan Group LLC announced today that it has acquired enterprise data backup and recovery solutions company Parablu Inc. for an undisclosed sum.
Founded in 2014, Parablu specializes in providing secure backup and data management solutions with a primary focus on protecting business-critical data in hybrid and multicloud environments. The company offers a suite of services designed to ensure data safety, privacy and regulatory compliance while also protecting against cybersecurity threats, including ransomware.
Parablu’s services include BluVault, a cloud-based backup solution that allows businesses to back up data securely from endpoints, software-as-a-service applications such as Microsoft 365 and Google Workspace, and servers to public, private or hybrid cloud environments. The company’s BluSync service offers secure file synchronization and sharing to allow employees to collaborate seamlessly while maintaining data privacy through end-to-end encryption.
Other Parablu services include BluKrypt, an encryption tool that ensures data is encrypted before cloud transfer, giving organizations full control over encryption keys. The company’s services all emphasize regulatory compliance to make sure that companies meet the requirements of data protection regulations, such as the European Union’s General Data Protection Regulation and the U.S. Health Insurance Portability and Accountability Act.
The Parablu acquisition will be used by CrashPlan to offer a complete cyber-ready data resilience solution that protects intellectual property and other data from accidental data deletion, ransomware and Microsoft Corp. service interruptions.
The integration of technology from both companies will also help customers store backup data with no additional costs by leveraging existing OneDrive and Azure infrastructure.
“Organizations of all sizes worldwide rely heavily upon Microsoft applications to store their most valued intellectual property,” said CrashPlan Chief Executive Officer John Becker. “Recent events like the UniSuper incident have reminded organizations that it is mission-critical to back up the valuable data stored on their platforms.”
Coming into its acquisition, Parablu had raised $1.5 million in venture capital over two rounds, according to Tracxn. Investors in the company include IPV Capital and Kstart Capital Pvt. Ltd. CrashPlan, originally a service offered by Code42 Software Inc., was spun out as a separate company and acquired by Mill Point Capital in 2022.