Rewind
has launched Backups for Microsoft 365, an automated backup and data recovery tool
that protects data created in Microsoft's suite of online productivity apps.
The addition of Backups for Microsoft 365, is another step forward in Rewind's
journey to backing up the entire cloud and becoming the leading data recovery
provider for SaaS solutions.
"We think
that most companies will be a SaaS company or built with these tools in the
next 10 years; businesses will increasingly rely on a range of SaaS
applications to run day-to-day operations," said Mike Potter, CEO and
co-founder of Rewind. "As these SaaS applications become the cornerstone of
business operations, the ability to protect and recover vital data in case of
an accident or cyberattack is essential."
Backups for
Microsoft 365 protects four critical applications within the popular SaaS tool:
- Exchange: The emails and calendars of
users
- SharePoint: The sites created by users
to share documents with colleagues, partners and customers
- OneDrive for Business: Online file
storage that can be accessed from anywhere
- Groups & Teams: All group chats and
online meetings
The majority
of SaaS tools, including Microsoft 365, are governed by
the Shared Responsibility Model of cloud computing. SaaS applications can
restore data in the event of platform-wide issues. However, they can't
automatically restore user-level data if it is deleted or compromised. This
limitation is specifically
mentioned in
Microsoft's Service Agreement. Permanent data loss in SaaS can be caused by
human error, cyber attacks, and third-party integrations. Rewind's own research
has shown that over 40 percent of SaaS users have permanently
lost data.
This
announcement comes after Rewind successfully raised a USD $65 million Series B
round of financing in September, led by New York-based global private equity
and venture capital firm Insight Partners. Rewind also recently completed its
SOC 2 Type 1 certification last month. Rewind currently provides backup and
restoration software for BigCommerce, GitHub, QuickBooks Online, Shopify,
Shopify Plus, and Trello, and plans to launch Backups for Jira in 2022.
Existing Rewind customers, who bundle Microsoft 365 with their current
services, will receive a discount on this new product.