Spanning Cloud Apps Nabs $6 Million in Series B Funding
AUSTIN, Texas–(BUSINESS WIRE)–Spanning Cloud Apps, Inc., creators of the powerful, enterprise-class data protection solution Spanning Backup for Google Workspace, today announced the company has secured $6 million in Series B funding. An undisclosed strategic investor led the round. Existing investor, Boulder, Colo.-based Foundry Group LP also participated. The new round brings the total capital raised to date to $9 million.
“We’ve spent the last two years building the best backup system on the planet for the millions of businesses that use Google Workspace,” said Charlie Wood, CEO and founder of Spanning. “This infusion of capital will allow us to accelerate the build-out of our direct sales team and reseller channel, while extending the product lead we’ve established over our competitors. It also provides us with an important strategic partner.”
Company executives anticipate growing headcount at Spanning’s Austin-based headquarters from 20 employees today to 50 by the end of 2013.
Businesses are increasingly moving away from the traditional desktop-based Microsoft Office to the more collaborative and cost-effective cloud-based Google Workspace. With over five million businesses and 50 million users currently leveraging Google Workspace worldwide, and 5,000 businesses migrating to Google Workspace each day, it represents the fastest growing business productivity solution segment. With more business-critical information in the cloud than ever before, protecting against data loss means avoiding devastating intellectual property, business process and financial losses. According to a recent Aberdeen Group survey, one-third of cloud computing users have suffered a data loss.
“Spanning’s cloud-to-cloud backup solution solves a critical issue for leading organizations worldwide whose data is at risk,” said Seth Levine, managing director, Foundry Group, and Spanning board member. “This leadership team has extensive experience in Google Workspace and a deep track record of success in enterprise software. They are building the right culture and have a great vision for growing their business.”
Highly-rated by Google Workspace Marketplace users, Spanning Backup provides:
- A secure cloud-to-cloud environment for protecting Google Workspace data and SSAE 16 Type II audited processes that ensure its integrity.
- Backup and recovery of the complete Google Workspace suite: Gmail, Drive, Sites, Calendar and Contacts.
- Robust data recovery capabilities to easily recover data in the event it is lost or corrupted.
- Constant monitoring of data backup, allowing administrators to correct issues before they become problems.
- An intuitive user interface that allows end users to easily restore emails and files without the help of IT.
“Business is being transformed by the ease, cost-effectiveness and flexibility of the cloud. At the same time, users are realizing the data loss risks inherent in the cloud and seeking a solid data protection solution,” said Jeff Erramouspe, chief revenue officer, Spanning. “Our vision is to allow organizations to confidently take full advantage of cloud computing through data protection.”
Since its founding in 2010, Spanning has helped thousands of business customers and tens of thousands of users back up and restore their business-critical data.
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About Spanning Cloud Apps, Inc.
Founded in 2010 and headquartered in Austin, Texas, Spanning was created with a singular purpose – to help companies protect and manage their information in the cloud. The company provides powerful, reliable, enterprise-class data protection for all Google Workspace: Gmail, Drive, Sites, Calendars and Contacts.
The top-rated backup solution on the Google Workspace Marketplace, Spanning Backup is the most reliable and respected cloud-to-cloud backup solution for IT decision-makers.
Save your data from disaster: Google Workspace Marketplace
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