Code42 Named to Forbes 2017 Cloud 100 List

Code42 is proud to announce that it has been named to the Forbes 2017 Cloud 100 list, the definitive list of the top 100 private cloud companies in the world, published by Forbes in collaboration with Bessemer Venture Partners. Ranking at number 96 on the list, Code42 is thrilled to be included along with some of the most innovative and exciting privately held cloud-based technology companies in the world.

“It’s an honor being recognized as a top 100 private cloud company in the world,” said Joe Payne, president and CEO of Code42. “This validates our focus on delivering cloud-based data protection, security and visibility solutions. The only way to recover from ransomware attacks like WannaCry and GoldenEye is to securely and continuously back up end-user files in the cloud. By working closely with our customers, Code42 is building next-generation cloud security solutions that give organizations peace of mind in an increasingly complex threat landscape.”

As part of the rigorous selection process for the Forbes 2017 Cloud 100, Forbes’ data partner, Bessemer Venture Partners, received hundreds of submissions from the top cloud startups. With that data, the Forbes Cloud 100 judges panel, comprised primarily of CEOS of public cloud companies, was then responsible for selecting and ranking the top 100 companies from all over the world. The evaluation process involved four factors: estimated valuation (30%), operating metrics (20%), people & culture (15%) and market leadership (35%), which the judges panel then weighed to select, score, and rank the winners.

“Our inaugural Cloud 100 list showed the tech and venture capital community just how many standout private cloud companies there are to watch, and this year’s list is no exception,” said Alex Konrad, editor of the Cloud 100 list. “Forbes has a keen eye for businesses, and combining that with Bessemer Venture Partners and Salesforce Ventures’ deep knowledge of the cloud industry, any company’s inclusion on the Forbes 2017 Cloud 100 list is cause to celebrate.”

Code42 will be recognized at The Cloud 100 Celebration, an exclusive event hosted by Bessemer Venture Partners, Forbes, and Salesforce Ventures. The celebration is attended by the CEOs of the public cloud companies and the CEOs named to The Cloud 100 and The 20 Rising Stars lists.

The Forbes 2017 Cloud 100 and 20 Rising Stars lists are published online at forbes.com/cloud100 and will appear in the July 27, 2017 issue of Forbes magazine.

With Cybersecurity Top of Mind in 2017, How Will You Protect Your Data?

Code42 is pleased to present a guest post from Jason Buffington, principal analyst at ESG. 
 
 
According to ESG’s annual IT Spending Intentions research:
  • Two of the top five IT initiatives for 2017 are improving cybersecurity and improving data backup and recovery.
  • The top two business drivers affecting IT strategy are cybersecurity and reducing costs.
  • When organizations intend to reduce costs, their number one answer was increasing the use of cloud.
  • When asked how organizations intend to use cloud-based infrastructure, data backup and BC/DR topped the list (for yet another year).

When you lay out the data, a future that includes cloud-based data protection seems inevitable–until the naysayers point at all of the lists that show security issues and thereby veto cloud-based anything as being less secure than whatever IT is running within your own environment. But are clouds really less secure? Unfortunately, since there isn’t “a cloud” but many types of cloud-based services, the answer really is “it depends” on a great number of factors and underlying technologies.

So, where do you go from here?

  • Should you be hyper-concerned about security? YES.
  • Can putting your data in someone else’s facility potentially create additional exposure? YES!
  • But… knowing that the real innovators in cloud-services have been dealing with those concerns through rigorous security technologies built into their foundations, in order to address those exposures while on-premises vendors haven’t had the same impetus, is it possible to be more secure with a cloud solution? YES!!!

ESG recently produced a solution showcase for Code42 that includes data from its Data Protection Cloud Strategies report on the top objections to cloud-based DP services and the top recognized benefits of cloud-based data protection, along with some commentary on how the Code42 solution aligns with the market requirements around a secure, enterprise‑suitable data protection cloud-solution.

Click here to download the ESG paper.

Also, feel free to check out all of ESG’s data protection coverage.

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