The company attributes its growth to its continued focus on the success of MSPs
MSP360, formerly known as CloudBerry Lab, the leading provider of multi-cloud data backup and recovery solutions, has gained significant ground in the data backup and recovery solutions market in Q3 2019.
“Our numbers show we’re well-respected in the data backup and recovery solutions market,” said Brian Helwig, CEO of MSP360, who took over as the company’s CEO this year. “Our gains can be attributed to our continued focus on the success of MSPs and their customers.”
Revenue for Q3 2019 is up 60 percent over the same period last year, and the pipeline for Q4 is very strong. Interest in MSP360’s product portfolio, which includes powerful, easy-to-use backup management capabilities, among MSPs continues to grow. The company closed Q3 2019 with more than 60,000 product activations, a 40 percent increase from Q3 2018.
MSP360 Managed Backup Service (MBS) — a data backup solution that also provides centralized job management, monitoring, reporting, and licensing control for MSPs and IT departments — gained market share in the data backup platform market in Q3 2019.
The total number of MSPs that signed up for the service doubled year-over-year and active MSP customers grew 23 percent in Q3 2019.
MSP360’s customers are also backing up more data to the cloud. Year to date, data stored in the cloud using the company’s MBS platform has grown 128 percent, increasing from 200PB to 455PB.
MSP360 Remote Assistant, currently a free product that allows MSPs to quickly and securely connect and provide remote support, had new product activations expand 147 percent.
“Our customers rely on us to help them with protecting client data in an ever-changing IT threat landscape,” Helwig said. “We take that responsibility very seriously — and our quarterly results show the overwhelming confidence and trust our customers have in us to deliver the results we promise.”
Established in 2011 by a group of experienced IT professionals, MSP360 (formerly CloudBerry Lab) provides cloud-based backup and file management services to SMBs. MSP360’s offerings include powerful, easy-to-use backup management capabilities and military-grade encryption using customer-controlled keys. Customers can choose to store their backup data with all the major cloud storage providers, including Amazon S3, Microsoft Azure, Google Cloud, Wasabi, and others. MSP360 also partners with thousands of VARs and MSPs to provide them with turnkey, white-label data protection services.