Data Storage company values $1 Billion

back-up-your-data

The New York Times reports on a start-up Actifio, founded in 2009 and yet to become profitable, entering “an elite club of start-ups with 10-figure valuations.” it now has more than 300 business customers around the world, including Time Warner Cable, Netflix, IBM and Unilever.

“Its software, which costs an average of $349,000 for a three-year contract, allows a company access to a virtual version of backup copies of data, freeing up space and improving the overall efficiency of the company’s data storage.”

A potential rival of Actifio is the EMC data storage company, which recently increased its focus on managing copies of data — the business posing a threat to the data storage companies’ main activity of selling more storage space.

 

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