Buyer for cloud storage company in Europe

• Revenue: 4-20M EUR
• Employees: not decisive
• Location of the target: Europe
• Reason for acquisition: The company is an international group activating in cloud storage sector. It has a strategy for growing its operations in Europe via acquisitions, therefore the management is open to speaking to interested sellers
• #CFIE ITB122

The buyer is a large organization that has the strategy to acquire and grow cloud storage companies and help them to reach new markets and customers. The buyer has international exposure and is operating in geographic areas such as US and Asia. It is currently planning to enter in Europe and is searching for a right target company that has the products, activities and services that could be integrated into the buyer’s portfolio and could differentiate the buyer’s commercial offering. The buyer is a cloud storage, backup and remote access service provider and has the goal to deliver its solutions to a larger data base of clients. The group has a long term view of operating its businesses, it has a standard strategy to continue to invest in the products and services of the acquired companies so that these companies can continue to be successful and grow the group’s operations. The new acquired company will have the chance to be a part of a bigger entity with larger clients’ base, to have all support in terms of access to resources, analytics, guidance and necessary funds.

In this digital era, it is very important for organizations to safeguard their data. For this reason, online backup has become a reliable and necessary solution to meet the companies needs in terms of data back-up. The buyer company is active for more than 20 years in the market of back-up services. It is one of the leading providers specialized in cloud storage, online backup, file syncing, remote access services, compliance and related technologies. The team is highly self-motivated and has the necessary technical skills to deliver high-class services. Its professional expertise is related to providing a diversity of Internet based data solutions. The company is recognized for delivering a wide range of cutting edge applications, the most targeted clients being consumers, small businesses and medium enterprises.

The data back-up solution enables consumers to create a single cloud account that allows the user to secure and protect data from servers and multiple devices such as PCs, Macs, iPhones, iPads and Android. This application builds a unique folder for each of the devices registered on that account and prevents data to overlap. It also allows to have unlimited access to the stored files through any web browser, computer or mobile device. Further, the cloud back-up solution enables the user to share and manage the files from anywhere due to the fact that the folders are synced across all the devices linked in the application. If a file or data is lost, it can be restored very easily from back-up.

The client’s servers and databases are backed-up in the cloud and protected due to a solution that contains technological capabilities specific for MS SQL, MS Exchange, Hyper-V, VMware, Linux, etc. Back-up of remote computers can be managed using the dashboard tool that allows to view the entire cloud account and enables to manage, monitor and visualize reports of the account activities and to make changes to back-up settings across all devices.

The buyer is looking to acquire a company that operates in the same activity and has similar services such as:

• Cloud Storage
• Online Backup
• File Sync
• Secure Remote Access
• Troubleshooting
• Compliance
• Office connectivity
• Business continuity
• Archiving
• IoT Cyber Security
• Support

• The buyer company activates in providing cloud storage, backup and remote access solutions
• The group has a long-time presence on the market of back-up services
• The buyer has a clear strategy of business development
• The buyer wants to grow the business in Europe via acquisitions and is looking to acquire a cloud storage company