Data protection provider OwnBackup acquires Nimmetry
Hyderabad: US-based OwnBackup, a cloud data protection provider, acquired Nimmetry, based in Santa Clara, California, with a presence in Hyderabad. Nimmetry provides a unified platform for seamless integration of big and small software-as-a-service (SaaS)-based data using a microservices architecture. Financial details of the transaction have not been disclosed.
OwnBackup helps nearly 3,000 businesses globally safeguard critical cloud data and covers data loss and corruption caused by human errors, malicious intent, integration errors, and rogue applications. It is a backup and restore independent software vendor (ISV) on Salesforce AppExchange. The company is headquartered in New Jersey with R&D, support, and other functions in Israel, EMEA and APAC regions.
“This acquisition accelerates OwnBackup’s multi-cloud strategy. The entrance into the Indian market and the access to the talented professionals that are now part of the OwnBackup family marks the continuance of a long-term commitment on OwnBackup’s part to providing industry-leading products and services to help our customers protect their mission critical SaaS data,” says Sam Gutmann, CEO of OwnBackup.
The acquisition of Nimmetry follows the recent purchase of Merlinx in Tel Aviv, Israel, which brought data security experts to the OwnBackup team. Together, the new additions are expected to solidify OwnBackup’s position as a provider of cloud services and sets the stage for continued growth.
Srinivas Garikipati, Nimmetry’s CEO said, “We have a shared vision for SaaS data protection as it relates to customers and the future of the space. We believe strongly in the market and the direction that it is headed.”
OwnBackup recently secured a Series D investment of $167.5 million co-led by Insight Partners, Salesforce Ventures, and Sapphire Ventures, with existing investors Innovation Endeavors, Vertex Ventures, and Oryzn Capital.
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