Intronis Raises Funds from OpenView
Intronis Technologies secures $5M in venture capital funding from OpenView Venture Partners
ENGLEWOOD CLIFFS, N.J. – Intronis Technologies, a leading provider of online backup services, today announced it secured $5 million in venture funding from Boston-based OpenView Venture Partners. The investment marks the first external funding for Intronis and will be used to expand the company’s sales and marketing efforts and accelerate research and development.
“Every business and home user should have an online backup service,” said Sam Gutmann, President of Intronis. “Whether your computers store personal photos or your company’s customer records, data protection from the unexpected is essential. This funding demonstrates our dedication to providing the industry’s best online backup service. We are thrilled to have OpenView in our corner as we continue to expand our reseller partner program and further product development.”
Founded in 2003, Intronis has grown profitably and has more than doubled revenues each year. Today, 5,000 customers use Intronis’ eSureIT online backup service, which automates the process of backing up data offsite. Backups can be scheduled to begin automatically, sending data to two separate storage facilities located hundreds of miles apart. Each customer’s data is uniquely encrypted using a 256-bit encryption key. Customers can restore files as often as needed and at any time, day or night, with just a few clicks of the mouse.
“A lot of companies claim to put their customers’ needs first; Intronis has proven they do it,” said George Roberts, venture partner at OpenView. “Intronis’ combination of world-class customer support, a robust offering, and leadership in a high-growth market is a great fit for the OpenView portfolio. We are very pleased to add a company of Intronis’ caliber to our roster.”