M&A Deal Summary

CrashPlan Acquires Parablu

On October 8, 2024, CrashPlan acquired information technology company Parablu

Acquisition Highlights
  • This is CrashPlan’s 1st transaction in the Information Technology sector.
  • This is CrashPlan’s 1st transaction in the United States.
  • This is CrashPlan’s 1st transaction in California.

M&A Deal Summary

Date 2024-10-08
Target Parablu
Sector Information Technology
Buyer(s) CrashPlan
Deal Type Add-on Acquisition

Target

Parablu

San Francisco, California, United States
Parablu provides data security and resiliency solutions known for its market-leading offerings protecting Microsoft 365 (M365) data. Parablu is based in San Francisco, California.

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Buyer(S) 1

Buyer

CrashPlan

Minneapolis, Minnesota, United States

Category Company
Founded 2007
Sector Information Technology
DESCRIPTION

CrashPlan provides peace of mind through secure, scalable, and straightforward endpoint data backup. The company help organizations recover from any worst-case scenario, whether it is a disaster, simple human error, a stolen laptop, ransomware, or an as-of-yet undiscovered calamity. CrashPlan continues to innovate as the work landscape evolves, making CrashPlan foundational to organizations’ data security. What starts as endpoint backup and recovery becomes a solution for ransomware recovery, breaches, migrations, and legal holds. Its data security solution is a product of Code42, an industry leader protecting the critical data of more than 50,000 world-class organizations, including the largest global brands. CrashPlan was founded in 2001 and is headquartered in Minneapolis, Minnesota.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1