Code42 to Focus Exclusively on Its Rapidly Growing Business in the Enterprise and Small Business Markets
August 22 2017 - 10:01AM
Business Wire
Code42 to transition out of the consumer
market, commits to honoring all CrashPlan® for Home
subscriptions and will provide options to help consumer customers
transition
Code42, the leader in cloud-based endpoint data protection and
recovery, announced today that it will focus exclusively on
businesses and organizations large and small and will discontinue
its offering for personal consumer backup. The small business,
education and enterprise markets have proven to be significant
growth areas for the company.
Code42 will honor all existing CrashPlan for Home subscriptions,
and will wind down support of CrashPlan for Home on October 22,
2018. Its consumer customers will be offered extended subscriptions
and special discounts throughout the transition, as well as
dedicated support, resources and choices to transition to a new
backup solution. To do this, Code42 selected Carbonite as its
exclusive referral partner for CrashPlan for Home customers,
offering a seamless transition path for those looking for personal
backup.
The news of the transition does not impact any existing
relationships or technology offerings with business customers, and
the company is not selling or transitioning any proprietary
technology, software or other intellectual property.
“The needs of our business and consumer
customers have diverged dramatically in the
past few years,” said Joe Payne, president and CEO of
Code42. “With the rise in threats facing organizations today, we
are uniquely positioned to deliver the data security and visibility
solutions those organizations require. This continues to fuel our
high growth and is driving our strategic decision to focus solely
on business and education markets. We worked hard to find the best
possible alternatives for CrashPlan for Home customers as we
transition out of the consumer market.”
CrashPlan for Home customers will be fully supported through the
transition and will be offered options:
- All existing CrashPlan for Home
subscriptions will be honored and receive a complimentary 60-day
extension at the end of their subscription term.
- Consumer customers will be able to take
advantage of exclusive offers through Code42’s partnership with
Carbonite Inc., a leading provider of automatic and continuous
consumer backup recognized for its complimentary award-winning
customer support.
- CrashPlan for Home customers that
identify as a small business may migrate to CrashPlan for Small
Business, which offers a secure and automatic cloud backup solution
with unlimited storage.
“We believe Carbonite offers a trusted, secure and affordable
choice that provides consumers the peace of mind they have come to
know from Code42,” said Steve Buege, SVP and general manager of
Code42’s consumer & small business division. “We’re committed
to honoring all current CrashPlan for Home subscriptions until
their expiration date, giving extra time to evaluate backup options
and offering several choices.”
“We’re pleased to partner with Code42 and welcome all CrashPlan
for Home customers,” said Mohamad Ali, president and CEO of
Carbonite. “We’re confident they will appreciate our exclusive
discount, easy path to transition and, most of all, our powerful
data protection solutions designed to meet their needs today and
into the future.”
Defining a path forwardFocusing exclusively on all sizes
of business will allow Code42 to invest 100 percent of its
resources to accelerate innovations for its business offerings.
This move is especially timely as the needs of consumers have
become remarkably different from the needs of business customers.
Small business, education and enterprise markets are actively
looking to invest in data protection, real-time recovery and
security solutions. This appetite for innovation is a key reason
the business market has emerged as a primary driver in Code42’s
significant growth.
Code42 has experienced 50 percent year-over-year recurring
business revenue growth for the past three years driven by high
customer satisfaction, enhanced offerings, enterprise market demand
and strong strategic partnerships.
Additionally, CrashPlan for Small Business has grown rapidly,
driven in part by more frequent malicious malware variants and
attacks in 2017, including the WannaCry and GoldenEye ransomware
incidents.
“The exponential increase in cyber attacks and data breaches
have driven businesses of all sizes to zero-in on protecting their
growth,” said Doug Cahill, a senior analyst covering cybersecurity
at Enterprise Strategy Group (ESG). “Being able to remediate and
recover quickly is essential as we’ve all seen that these events
can be fatal to any size organization that lacks the systems to
ensure business continuity. Code42’s decision to solely focus on
business needs comes at a time when both small and large
enterprises need to accelerate their investments in data protection
and recovery.”
To learn more about Code42 and its exclusive focus on business
and education markets, visit the Code42 blog.
Complete details on the CrashPlan for Home transition can be
found on the Consumer Information Page.
About Code42Code42, the leader in cloud-based endpoint
data security and recovery, protects more than 47,000 organizations
worldwide. Code42 enables IT and security teams to centrally manage
and protect critical data for some of the most recognized brands in
business and education. From monitoring endpoint data movement and
use, to meeting data privacy regulations, to simply and rapidly
recovering from data incidents no matter the cause, Code42 is
central to any organization’s data security strategy. Code42 is
headquartered in Minneapolis, Minnesota and backed by Accel
Partners, JMI Equity, NEA and Split Rock Partners. For more
information, visit code42.com
© 2017 Code42 Software, Inc. All rights reserved. Code42 and
CrashPlan are trademarks or registered trademarks of Code42
Software, Inc. in the United States and other countries.
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Padilla for Code42Tim Nelson, 612- 455-1789Cell:
612-751-0886Tim.Nelson@padillaco.com