CFOtech Asia logo
Technology news for Asia's CFOs and financial decision-makers
Story image

Druva acquires hybrid cloud data protection firm

By Newsdesk
Thu 18 Jul 2019
FYI, this story is more than a year old

Cloud data protection firm Druva aims to expand the cloud right to the edge, thanks to its acquisition of hybrid cloud data protection provider CloudLanes.

Druva acquired CloudLanes for an unspecified amount. The acquisition will enable Druva to provide customers the ability to keep data readily available on-site through SaaS-based business continuity, short recovery windows, and greater workload mobility.

CloudLanes was founded in 2015. It offered a secondary storage platform built on public clouds with a hybrid cloud approach. Deigned for data guardianship and optimized for backup and archival workloads, CloudLanes combined this with security and governance, chain of custody and data verification capabilities.

According to Druva, CloudLanes software is able to ingest data from on-premise environments and move it to the cloud.

“By integrating CloudLanes, Druva brings all the benefits of its cloud capabilities to these on-premises environments, providing instant recovery and enhancing data security without requiring any hardware,” the company states.

According to Druva founder and CEO Jaspreet Singh, enterprise are just discovering the challenges of hybrid cloud solutions that just won't work within a cloud-driven world.

“Current hybrid solutions are trying to forklift legacy to cloud, but organizations need solutions that are born in the cloud and bring cloud functionality closer to the data center. The addition of CloudLanes will help us extend the advantages of cloud to more enterprises at the edge, bringing greater access to data, enhanced protection, and help accelerating growth through simple and reliable data protection.

Druva explains that efficient and cost-effective cloud-based resources and lifecycle management will decrease overall TCO by eliminating the need for on-premises storage and compute resources. With this new approach, heavily regulated industries like healthcare and banking will now be able to meet their business needs for governance and compliance with a solution designed for the cloud era.

“Businesses are looking for greater flexibility and more cost-effective ways to manage their backup data, and are increasingly looking to the cloud,” adds CloudLanes cofounder and CEO Abhijit Dinkar.

“CloudLanes' innovative approach to data migration enhances the Druva Cloud Platform and will bring enterprises a novel and powerful new approach to data protection and management.

IDC research director Phil Goodwin adds, “The readily available nature of backups stored on-premise has been a key barrier to cloud data protection adoption for some organizations and industries.

“A solution that combines the best of both worlds, delivering the performance of on-premise data protection with the scalability, security and cost structure of cloud holds a lot of promise.

The addition of CloudLanes to Druva's portfolio expands the company's ability to address cloud-based data protection requirements.

 In 2018, CloudLanes was recognised in Gartner's Cool Vendors in Storage Technologies report for its innovative technology.

Related stories
Top stories
Story image
Observability
Gigamon named leading vendor in deep observability market
650 Group has published a report, recognising Gigamon as the leading vendor in the deep observability market for 2022.
Story image
Cloud
Workday expands skills cloud and announces new HCM customer
Workday has expanded its skills cloud service and has also announced that Busy Bees Learning has selected the company's HCM solution as part of an overall HR transformation. 
Story image
Fintech
New report highlights opportunities and challenges of Super Apps for banking sector
"Staying ahead of the game means predicting where tomorrow will take us, as well as recognising where things currently stand."
Story image
Software-as-a-Service
Intel accelerates innovation with software-first approach
Intel introduced new services and tools in AI, security and quantum computing to help developers reduce time-to-market and increase performance and security.
Story image
Distributed Denial of Service
Sysdig reveals a loss of $53 for every $1 cryptojackers gain
The 2022 Sysdig Cloud Native Threat Report breaks down supply chain attacks against containers and how geopolitical conflict influences attacker behaviours.
Story image
Sustainable IT
Equinix commits US$50 million to advance digital inclusion
Establishes the Equinix Foundation, an employee-driven charitable organisation, to advance digital inclusion through grants and strategic partnerships.
Story image
Customer Relationship Management
NetSuite introduces CPQ to help organisations simplify sales process
NetSuite CPQ is the only native configure, price and quote solution built on the NetSuite platform. It works with NetSuite ERP, CRM, and eCommerce solutions
Story image
Low-code
What CFOs need to know about low-code
Understanding the opportunities, risks and costs associated with an organisation’s digital transformation journey is becoming an increasingly critical responsibility for CFOs.
Story image
Sustainable IT
Adobe surveys sustainability at work in Hong Kong employees
The top three sustainability practices are reducing paper usage (46%), digital document storage and management (43%), and curbing electricity consumption (37%).
Story image
Digital Transformation
How businesses can stay connected with their clients in a digital environment
Staying connected in a virtual world requires strong communication and collaboration, especially with many workplaces adopting a work-from-anywhere business model.
Story image
Artificial Intelligence
ServiceNow improves operational intelligence with new solutions
"We are helping customers create more resilient, secure, and productive business models, so they can navigate uncertainty with confidence.”
Story image
Legacy
Trellix enables greater cyber resiliency with extended XDR platform
"Legacy SIEM technology has failed to modernise security operations. We are confident Trellix XDR fills this critical gap.”
Story image
Oracle NetSuite
NetSuite Launches Ship Central to improve warehouse operations
NetSuite WMS and Ship Central offer warehouse operations across SKUs, processes, and locations. NetSuite WMS eliminates manual processes
Story image
IT in Manufacturing
Five ways manufacturers can benefit from a purpose-built ERP
As the manufacturing world rapidly evolves to meet new challenges, many organisations are working to define a new roadmap to success.
Story image
Ransomware
Commonwealth tackling rising cybercrime threat in Asia
Ransomware, identity theft, and virtual security attacks identified as growing threats to security and economic growth.
Story image
Tax
BlackLine adds tax hyperautomation capabilities to its solutions
The extension to BlackLine's intercompany solutions comes in response to organisations facing increasing intercompany tax scrutiny globally.
Story image
Cloud
MYOB provides efficiency boost with new inventory solution
Premium Inventory is an integrated solution that helps goods-based businesses improve efficiency, reduce costs and increase cashflow.
Story image
Digital Transformation
Smartsheet reveals new product innovations during Engage
New features on data visibility, project control and third-party solution integration are in store for local Smartsheet customers.
Story image
Artificial Intelligence
Exclusive: Uniphore shares how Conversational AI can be the key to business success
Conversational AI and Automation are vital tools to help further promote organisational cohesion and communication, and Uniphore is leading the charge.
Story image
Microsoft
UiPath and Microsoft partner to empower best-in-class automation
"Together, we are helping customers realise and achieve the business value of automation at scale. We are excited to deliver substantial, integrated cloud offerings.”
Story image
Cloud
IBM releases Transformation Index to assist cloud innovation
IBM has released its Transformation Index: State of Cloud, commissioned by the company and conducted by an independent research firm.
Story image
Cashflow
Exclusive: Corpay plans to provide more hedging features
Corpay addresses border payments and currency risk management. Offering hedging, payment technology, cash flow solutions and exotic currency capabilities
Story image
IT infrastructure
Kyndryl launches open solution, powered by co-creation
Kyndryl Vital is led by global teams of designers who work alongside customers and partners to define and solve complex problems with innovation.
Story image
Artificial Intelligence
Fortinet advances AIOps to aid the hybrid workforce
"We’re continuing our commitment to AI innovation by delivering AIOps capabilities across our robust portfolio of enterprise networking technology."
Story image
Workflow Automation
NetSuite announces SuitePeople Workforce Management
Oracle NetSuite has announced NetSuite SuitePeople Workforce Management, a solution created to help organisations manage labour costs and profitability.
Story image
Subscriptions
Denodo targets mid-market with new subscription models
These new subscriptions will help mid-market companies to streamline data integration and accelerate speed to insights.
Story image
Cybersecurity
Best practices for industrial cyber resilience
Operational technology (OT) security is gaining more attention than ever before, but sufficient understanding of what it takes to prevent breaches is still lacking amongst many organisations.
Story image
Network Management
Data is growing at breakneck speed, but are we optimising its value?
Data lies at the heart of digital transformation, as every digital touchpoint translates to a data point. In this digital-first world, data is being created everywhere today – at breakneck speeds.
Story image
Data analytics
SAS Viya now available in the Microsoft Azure Marketplace
SAS offers its analytics platform Viya, with an hourly pricing model, in-app tutorials and support for multiple languages.
Story image
DevOps
Disparate data causing headaches for A/NZ businesses
Gone are the days when developers could get away with merely producing code. Many are now expected to be accountable for their code, which should be ‘clean’, right up to deployment.
Story image
Digital Transformation
NEC Corporation and Red Hat expand global collaboration
NEC Corporation and Red Hat have announced an expanded global collaboration to drive IT modernisation and digital transformation on Red Hat OpenShift.
Story image
Data analytics
COVID-19 relief innovation takes 2022 SAS Hackathon crown
In COVID-19’s wake, more than 287,000 MSMEs joined JakPreneur, a collaborative government platform that links entrepreneurs and stakeholders
Story image
Payroll systems
Video: 10 Minute IT Jams - An update from UKG
Charlie DeWitt and Greg McManus join us today to discuss the importance of payroll in todays operating environments, and why automated processes can often be a key driver of success.
Story image
Data analytics
Pronto launches Xi innovation to bring data to light
With the importance of digital transformation, having an ERP and analytics solution to bring data to light is critical.
Story image
IT Automation
Tech job moves - Adobe, Ambit, blueAPACHE, Cue & DC Blox
We round up all job appointments from September 26-,30 2022, in one place to keep you updated with the latest from across the tech industries.
Story image
Kaspersky
Cybersecurity loopholes prevalent in South East Asia
In terms of the share of vulnerabilities with publicly available exploits, three countries out of top five are located in Southeast Asia.
Story image
Work from home
Jamf showcases new products to simplify and secure work
At the 13th annual Jamf Nation User Conference, the company shared how its continuous product innovation is helping organisations succeed with Apple.
Story image
Business Intelligence
IDC finds the majority of executives expecting a recession
59% of respondents believe 2023 will be a recession year. Of these, nearly 30% believe we are amidst a recession. Another 26% expect a recession in later 2022.
Story image
Cybersecurity
Swift successfully pilots its Securities View capability
The new capability significantly increases transparency in post-trade processing while preventing costly settlement fails; it will be widely available in 2023.
Story image
Digital Transformation
Kyndryl announces Kyndryl Bridge to drive business growth
Kyndryl Bridge uses operational data patterns and IP to improve and accelerate its AI-powered analytics and business objectives