“We look forward to supporting CrashPlan in pursuit of exciting growth opportunities as a newly independent organization. “CrashPlan is well-regarded for its simplicity, reliability and value to its customers,” said Richard Summers, Partner at Mill Point Capital. We are grateful for the contributions of the CrashPlan team and wish them continued success in this next chapter.” Joe Payne, CEO of Code42, commented, “I am very proud of the track record and market leadership that CrashPlan has achieved over the last fifteen years, and I am thrilled for CrashPlan to continue delivering on its value proposition for its customers. CrashPlan ensures reliability and ease-of-use through unlimited storage with no file or archive size limits, consistent user experience across devices and platforms, single instance architecture with proven scalability and state-of-the-art encryption. Launched in 2007, CrashPlan’s proprietary, purpose-built software provides continuous endpoint data protection and minimizes data governance issues and security risks across an organization. CrashPlan is a leading provider of cloud-based endpoint data backup and recovery software. (“Code42”) in a corporate carve-out transaction. Minneapolis, MN – Aug– An affiliate of Mill Point Capital LLC (“Mill Point Capital”), a middle-market private equity firm focused on control-oriented investments in the IT services, business services and industrials sectors in North America, has acquired CrashPlan Group (“CrashPlan”, or the “Company”) from Code42 Software, Inc.
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