Add-on Acquisition • Internet Software and Services

Druva Acquires CloudLanes

On July 16, 2019, Druva acquired internet software and services company CloudLanes

Acquisition Context
  • This is Druva’s 2nd transaction in the Internet Software and Services sector.
  • This is Druva’s 2nd transaction in the United States.
  • This is Druva’s 1st transaction in California.

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M&A Deal Summary

Date July 16, 2019
Target CloudLanes
Sector Internet Software and Services
Buyer(s) Druva
Deal Type Add-on Acquisition

Target Company

CloudLanes

Santa Clara, California, United States
CloudLanes is a provider of hybrid cloud data protection and migration that enables seamless and secure movement of data from on-premises to cloud. CloudLanes was founded in 2016 and is based in Santa Clara, California.
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Buyer Overview 1

Buyer

Druva

Santa Clara, California, United States

Category Company
Founded 2007
Sector Internet Software and Services
DESCRIPTION

Druva is a provider of cloud data protection and management. Druva was founded in 2007 and is based in Santa Clara, California.


Deal Context for Buyer #
Overall 2 of 2
Sector: Internet Software and Services 2 of 2
Type: Add-on Acquisition 2 of 2
State: California 1 of 1
Country: United States 2 of 2
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-05 CloudRanger

Chicago, Illinois, United States

CloudRanger is a backup and disaster recovery (DR) solutions provider for Amazon Web Services (AWS). CloudRanger is based in Chicago, Illinois.

Buy -