LOS ANGELES, April 8, 2020 /PRNewswire-PRWeb/ -- Data Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global data technology market, today announced that Druva, Inc., the leader in Cloud Data Protection and Management, has been selected as the winner of the "Data Management Company of the Year" award in the 2020 Data Breakthrough Awards program.
According to a December 2019 IDC survey, only 37 percent of participating organizations had introduced security policies to support new workstyles, including digital workspaces and remote workers*. As millions now work remote and are leveraging collaboration tools full time, the lack of prepared security measures and data protection policies pose significant risk for not only malicious attacks, but compliance breaches with government regulations and laws. As the industry's leading cloud data protection platform, Druva's globally accessible, scalable and autonomous capabilities are ideal for protecting expanding organizations and remote workforces. Built 100 percent in the cloud with air-gapped data protection, enhanced data resiliency and zero supply chain dependencies, Druva was designed to help organizations protect data and maintain business continuity no matter the circumstances, whether it's a malicious attack, accidental deletion, or global event.
"Druva pioneered a powerful 'breakthrough' in data protection and management that was designed for the cloud era and is now answering the needs of businesses across the globe with comprehensive capabilities and powerful security features," said James Johnson, managing director, Data Breakthrough. "We are proud to recognize Druva's success and innovation this past year and taking home the 'Data Management Company of the Year' designation is a well-deserved recognition for the company. Given its impressive track record of product development and strategic acquisitions, we look forward to continued growth and success for Druva in the next year."
By delivering backup, disaster recovery and ransomware protection as a SaaS platform with simple pay-as-you-go pricing, Druva helps customers drive down costs by up to 50 percent while transforming backup data from a liability into an asset. The platform's ability to centralize management of disparate data silos also enables businesses to improve cyber resiliency, uncover critical insights and streamline governance in accordance with various local, state and national guidelines. Additionally, customers can take advantage of continuous innovations introduced as often as every two weeks - without ever needing to patch systems - and leverage a massive network of industry-leading partners, including Amazon Web Services (AWS), FireEye, Okta, Salesforce, ServiceNow, Slack, Splunk and more.
"In light of today's changing world, data has become even more critical - preserving business operations, connecting disconnected teams and ensuring progress continues, whether it's driving organizational growth or engineering scientific breakthroughs," said Thomas Been, chief marketing officer, Druva. "The cloud's shared infrastructure is the most powerful technology available today, and Druva's ability to offer customers data availability, reliability and scalability in unprecedented ways has set us apart. This 2020 Data Breakthrough Award is a strong testament to the innovative approach and successful execution of the entire Druva team to deliver on this vision; we are honored and thankful to Data Breakthrough for this recognition."
Druva received $130 million in late-stage funding led by Viking Global Investors in June 2019, bringing the company's total capital raised to $328 million. The company reached $100 million in annual recurring revenue in December, a key milestone for SaaS companies, and recently announced it performs more than 5 million backups every day for more than 4,000 customers worldwide. Additionally, since January 2019, Druva has received four new patents for its innovative deduplication technology and data search capabilities.
The Data Breakthrough Awards is the premier awards program founded to recognize the data technology innovators, leaders and visionaries from around the world in a range of categories, including Data Analytics, Big Data, Business Intelligence, Data Storage and many more. The inaugural Data Breakthrough Award program attracted more than 1,200 nominations from across the globe.
*COVID-19 First Response: The Transition to Remote Work, Doc #US46162720, March 2020, IDC
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About Data Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership, the Data Breakthrough Awards program is devoted to honoring excellence in data technologies, services, companies and products. The Data Breakthrough Awards program provides a forum for public recognition around the achievements of data companies and solutions in categories including data analytics, management, infrastructure and hardware, storage, Business Intelligence and more. For more information visit DataBreakthroughAwards.com.
About Druva
Druva delivers Data Protection and Management for the cloud era. Druva Cloud Platform is built on AWS and offered as-a-Service; customers drive down costs by up to 50 percent by freeing themselves from the burden of unnecessary hardware, capacity planning, and software management. Druva is trusted worldwide by over 4,000 companies at the forefront of embracing the cloud. Druva is a privately held company headquartered in Sunnyvale, California and is funded by Sequoia Capital, Viking Global Investors, Tenaya Capital, Riverwood Capital and Nexus Partners. Visit Druva and follow us @druvainc.
SOURCE Data Breakthrough
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