OwnBackup acquires California-based Nimmetry

OwnBackup, a cloud to cloud data protection provider, has announced the acquisition of Nimmetry, based in Santa Clara, CA, with a presence in Hyderabad, India.

Nimmetry provides a unified platform for integration of big and small SaaS-based data using a microservices architecture.

“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,” said Sam Gutmann, CEO of OwnBackup. “The amazing team at Nimmetry brings with it some of the best in class data management tools, and we are excited to leverage these existing capabilities to extend our existing and future solutions.”

OwnBackup has 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.

The acquisition of Nimmetry follows the recent purchase of Merlinx in Tel Aviv, Israel, which brought elite data security experts to the OwnBackup team.

Srinivas Garikipati, Nimmetry’s CEO added, “We are excited to join OwnBackup. 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.”

+ posts

Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of  economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.

What's your take on this post ? Comment: