OwnBackup announced the acquisition of RevCult, a California-based software company that provides Salesforce security and governance solutions often known as SaaS Security Posture Management (SSPM). SSPM helps organizations more easily secure data that is growing in volume, speed, and diversity by continuously checking for and eliminating configuration errors and improperly managed permissions, which are the top causes of cloud security failures.
While SaaS providers have invested heavily in strengthening their own security posture, data resilience and security remain real and are a problem for all companies that use cloud services. In addition to external security breaches, the vast majority of cloud security errors are, according to Gartner resulting data loss is actually the responsibility of the customer.
“While we’ve provided our customers with proactive backup, monitoring, comparison and recovery capabilities, many of the problems we help them recover can be prevented by adopting proactive SSPM,” said Sam Gutmann, CEO of OwnBackup . “The addition of RevCult will allow us to innovate faster in the cloud and protect customers from the top security issues that lead to data loss and corruption, such as:
The announcement is the latest step by OwnBackup to expand its data protection platform and enable customers to own and protect their data on any cloud platform. The acquisition of RevCult follows recent acquisitions of Nimmetry, a SaaS data management company, and Merlinx, a leading cybersecurity company based in Tel Aviv. And just this month, OwnBackup announced a Series E of $ 240 million at a valuation of $ 3.35 billion. These measures tell a compelling story about the growing need for SaaS data protection and OwnBackup’s position as the clear market leader in this category.
“We have worked with OwnBackup for several years to deliver SaaS data protection and we couldn’t be happier to officially be part of their team during this growth phase,” said Andreas Schenck, CEO and founder of RevCult. “I’m excited to take the product to the next level to bring even more value to customers. Not only do both companies share a passion for protecting corporate SaaS data, but the company’s culture and values also align well with OwnBackup. “
Nearly 4,000 customers trust OwnBackup across industries including AECOM, Aston Martin, Ciena, Delivery Hero, Guidewire Software, the Make-A-Wish Foundation, Medtronic, Navy Federal Credit Union, Singapore Economic Development Board, and the University of Miami.