Spanning Cloud Apps
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Spanning Cloud Apps - overview
Established
2010
Location
Austin, TX, US
Primary Industry
Software
About
Spanning Cloud Apps provides innovative software-as-a-service (SaaS) solutions, focusing on backup and recovery services for major cloud applications including Microsoft 365, Google Workspace, and Salesforce. Founded in 2010 and headquartered in Austin, US, Spanning Cloud Apps is a leading provider of cloud application backup solutions. The company was acquired by Insight Venture Partners from EMC Corporation in April 2017. Jeff Erramouspe serves as CEO, bringing extensive experience from previous ventures.
The company has successfully completed a total of 4 deals, with its most recent funding round being Series B, which raised USD 6. 00 mn, bringing the total amount raised to USD 6. 00 mn. Spanning Cloud Apps specializes in backup and recovery services for cloud applications, specifically targeting Microsoft 365, Google Workspace, and Salesforce.
Their flagship services include Spanning Backup for Microsoft 365, Spanning Backup for Google Workspace, and Spanning Backup for Salesforce. These solutions cater to organizations of all sizes and are utilized by over 24,000 businesses worldwide, providing robust protection against data loss due to various factors. The company operates in several markets, including North America, Europe, Australia, and South Africa. Spanning operates on a subscription-based revenue model, offering tiered pricing plans based on the scope of services.
Clients, including IT departments and managed service providers, engage through annual or multi-year subscriptions, ensuring reliable access to backup services. This model enables Spanning to provide individual and enterprise-class backup solutions effectively. Following its acquisition in April 2017, Spanning Cloud Apps aims to enhance its service offerings and expand into new markets. The recent funding will support these initiatives, focusing on the development of new products and services tailored to evolving customer needs.
The company plans to strengthen its presence in existing markets while exploring opportunities in emerging regions, although specific timelines for these expansions have not been disclosed.
Current Investors
Insight Partners, Foundry Group
Primary Industry
Software
Sub Industries
Customer Relationship Management, Storage Management Software
Website
www.spanning.com
Verticals
Cloud Computing, Cloud Computing
Total Amount Raised
Subscriber access only
Spanning Cloud Apps - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Spanning Cloud Apps | - |
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