eFolder Acquires Cloudfinder For Tech To Back Up Cloud App Data

▤ Summary

[Related: File Sync And Share: Channel In Demand To Help Business Users] Cloudfinder was founded in March 2012 to develop backup technology for cloud-based applications, Nyman told CRN. Cloudfinder, which had just started working with U.S.-based MSPs before being approached by eFolder to talk about a possible acquisition, offers a single platform for managing data and emails from Google Apps, Office 365 and Salesforce.com, Nyman said. NEXT: MSPs Like eFolders Cloudfinder Acquisition, Hope Market Catches Up Soon "For example, we use Azure to host some of our clients’ systems but have made a decision to back up those systems to other cloud-based providers rather than put all of our eggs in one basket," Alvarez wrote. The biggest issue, Helbush told CRN, is whether the market is ready for the kind of solution Cloudfinder provides. eFolder in September acquired Anchor Box, a startup developer of file sync and share technology with a focus on indirect channel partners.

▦ Linked Companies

Cloudfinder

$1M to $5M