Data resilience services firm Databarracks has acquired data backup services firm COOLSPIRiT. Databarracks is backup vendor Commvault’s biggest UK MSP, and COOLSPIRiT is Commvault’s largest UK Solution Provider Partner.
Databarracks managing director James Watts said: “Three years ago we acquired 4sl, to become the UK’s largest Commvault MSP. With COOLSPIRiT, we add a fantastic Solution Provider.
“In addition to COOLSPIRiT’s expertise in Commvault, it also offers many other technologies across data protection, infrastructure, storage and cyber, and brings some fantastic partnerships.”
Watts added: “Our vision is that the only way to guarantee your recoverability, and have confidence in continuity, is with a holistic, integrated approach. IT operations, cyber, risk, and business continuity can’t be siloed. Great response capability is only possible when the functions work together in concert.”
COOLSPIRiT CEO Damon Robertson said: “We’re joining a team who, like us, have spent over 20 years protecting organisations’ data and continuity. Databarracks is an organisation that we know will be a great home and fit for our team and our customers.
“From our innovative infrastructure, cyber and data protection capabilities, to Databarracks’ expertise in business resilience and public cloud, there are immediate benefits for customers of both organisations.”
The value of the COOLSPIRiT acquisition has not been disclosed by Databarracks.
According to analyst house Gartner, the global enterprise backup and recovery software market grew 5.1% in 2023, being worth nearly $10 billion in total revenue.
The analyst says the top five suppliers by revenue in this market were: Veeam ($1.5 billion of revenue), Veritas ($1.49 billion), Dell ($1.27 billion), IBM ($1.04 billion), and Commvault ($753m).
For its second quarter ended 30 September, 2024, Commvault’s total revenues were $233.3m, up 16% year-over-year.
