Back-up software provider Revivio has landed $25 million in funding on the
of its continuous data protection appliance for enterprises.
The latest investment comes as enterprises become more focused on protecting valuable corporate
Nomura International plc led the round but was joined by existing
Bessemer Venture Partners, Charles River Ventures, Flagship Ventures,
Globespan Capital Partners, and Eastward Capital Partners, as well as a
investor, Lighthouse Capital Partners.
The third round funding brings the young Lexington, Mass., vendor’s
total to $55 million in the last three years, indicating a sharp
interest from investors who believe in the company’s products.
“We watch global technology markets very carefully as both investors
buyers and we have identified continuous data protection as one of the
exciting growth categories,” said Andrew Healey, head of Technology
Equity Group, Nomura International plc, in a statement. “We believe
will continue to dominate and lead this space with its unique and
The money will be used for go-to-market initiatives and further
development, said Kirby Wadsworth, senior vice president of marketing
business development. The executive said part of the success could be
attributed to the company’s release last fall of a fault-tolerant
the Continuous Protection System (CPS) 1200.
CPS 1200 provides back-up, restore, and snapshots, allowing customers
make a “frozen” copy of their data. The CPS 1200, Wadsworth said, is a
and forget” product where customers can plug in the appliance, turn it
and protect their data.
In the event of a failure, a few mouse clicks will render a fresh copy
company’s data instantly via a new set of virtual disks. Moreover the
on them begins at the exact, “frozen” point in time customers choose to
back to. The idea behind this is that customers get to keep their
Enterprise Strategy Group analyst Pete Gerr said Revivio has come to
with a very compelling data protection solution and value proposition
time when enterprises are more focused on protecting valuable corporate
He said new wrinkles like regulatory compliance and the increased fear
data loss or corruption from viruses and disasters, are forcing users
improve their ability to recover data more quickly with assurance and
“If [Revivio] can continue to execute, and continue to expose
enterprise-class users to the benefits that the CDP 12000 delivers such
vastly decreasing the time it take to recover data while simplifying
process of protecting data over traditional tape-based solutions, 2005
be a break-out year both for the CDP segment and for Revivio in
One of the advantages Revivio has, Wadsworth said, is that currently no
other vendor currently offers a CDP appliance for enterprises. Those
fellow start-ups like XOSoft and larger, more established players like
CPS 1200 is the core of Revivio’s offering and the company will add new
features and capabilities to the product over the course of 2005.
customers include Jeffries & Co., Forbes.com and the University of New