Persistent Systems, the global leader in software product and technology services,
today announced it has entered into a definitive
agreement through its US subsidiary to acquire ‘rCloud', an innovative
cloud platform business from privately held Doyenz, Inc. Doyenz's rCloud, an innovative business continuity cloud
platform, provides backup and disaster recovery for physical and virtual
servers on the cloud for SMBs. Persistent Systems will continue to serve rCloud
customers under the Doyenz brand. The Company will develop and enhance the
rCloud service, maintaining employees and channel partnerships instrumental to
its business. Terms of the definitive agreement were not
acquisition furthers Persistent Systems' objectives in growing its
business, and strengthens the Company's cloud
computing and SMB offerings. Doyenz's team of seasoned cloud experts and its
service, will enable Persistent Systems to extend its cloud expertise and to
provide a complete end-to-end solution to existing and new customers, delivered
through the channel.
According to a recent Forrester Research
report titled, "An Infrastructure And Operations Pro's Guide To Cloud-Based
Disaster Recovery Services," 70% of SMBs interviewed said they considered DR
(disaster recovery) to be of high or critical importance in the decision to
adopt cloud services.
are committed to delivering the most advanced solutions in cloud computing and
this acquisition will further expand our IP led solutions in the cloud and SMB
space," said Nara Rajagopalan, Chief Product Officer, Persistent Systems, Inc.
"With hundreds of partners representing over 3500 customers, Doyenz's proven
rCloud disaster recovery solution is meeting a critical need in the global SMB
marketplace. We are delighted to welcome Ashutosh Tiwary, CEO of Doyenz and the
Doyenz team of cloud platform experts to Persistent."
vision was to make recovery of IT applications and data faster, simpler, and
more accessible to companies of all sizes," said Ashutosh Tiwary, CEO of Doyenz,
Inc. "Persistent's acquisition of Doyenz's market leading disaster recovery
cloud platform will allow us to grow and deliver even more enterprise-class,
affordable, cloud-based disaster recovery services to Managed Service Providers,
serving the SMB community. The team and I are excited to join Persistent
Systems and to work together to further develop innovative disaster recovery and
cloud services for our customers."
rCloud is a critical component to our business, providing innovative cloud-based
disaster recovery services to our partners" said Alex Rogers, CEO of CharTec.
"Persistent Systems brings strong financial backing and top notch software
professionals to rapidly develop innovative disaster recovery services for the