Spanning Cloud Apps, an Austin-based backup and recovery provider for SaaS applications, this week announced its acquisition by EMC Corporation, based in Hopkinton, Massachusetts. The acquisition coincided with the launch of EMC's new Enterprise Hybrid Cloud Solution.
"Joining forces with EMC validates our business and products as among the best for cloud application backup and recovery," said Spanning's CEO, Jeff Erramouspe, in a statement. "This move provides the best of both worlds -- the freedom to continue as Spanning while, at the same time, gaining a huge advantage in the marketplace through EMC's sheer scale."
While the acquisition's terms were undisclosed, Spanning is expected to retain its brand name and continue operating from Austin.
Guy Churchward, EMC's core technologies division president, said, "EMC is committed to providing world-class data protection and availability solutions that address the entire range of customer cases and workload types. With the addition of Spanning into our portfolio we are reaffirming that commitment. Born-in-the-cloud applications are increasingly populating the landscape at enterprises and mid-market organizations and the data they generate needs to be protected. Spanning and EMC partnered productively long before this acquisition, so we're excited to fomally welcome Spanning and its employees into the EMC fold."
Founded in September 2010, Spanning previously raised $9 million in capital: $3M in series A funding from Foundry Capital in April 2011 and $6M in Series B funding in March 2013 from the same investor. Spanning currently has 51 employees, all of whom will remain with the company.
With thousands of clients and more than 1.8 users, its enterprise-class data protection solutions have been used by Google Apps, Salesforce.com, Redfin and Netflix.
Moving forward, the brand will be housed within EMC's core technologies division.