Databarracks Forms Data Protection Powerhouse with COOLSPIRiT Acquisition
Deal News | Nov 12, 2024 | PR Newswire Cision Databarracks
Databarracks, a leader in technology and business resilience, has announced its acquisition of COOLSPIRiT, the largest Commvault Solution Provider Partner in the UK. This strategic acquisition brings together two major players in data protection, expanding Databarracks’ capabilities and establishing a comprehensive data protection and cyber resilience powerhouse. COOLSPIRiT, known for its innovative infrastructure and data protection solutions, aligns with Databarracks' expertise in business resilience and public cloud services. The acquisition is positioned to offer enhanced capabilities to clients, focusing on integrated approaches to IT operations, cyber risk, and business continuity. This partnership comes in the backdrop of evolving threats like ransomware, emphasizing a holistic approach to data protection and business continuity.
Sectors
- Technology
- Data Management
- Cloud Computing
Geography
- United Kingdom – Both Databarracks and COOLSPIRiT are UK-based companies, and the acquisition enhances their presence in the UK data protection market.
Industry
- Technology – The article discusses companies that are engaged in technology solutions aimed at data protection, continuity, and cyber resilience.
- Data Management – The acquisition involves two firms specializing in data protection and management services.
- Cloud Computing – Databarracks and COOLSPIRiT both leverage cloud computing in their data protection and IT resilience services.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Databarracks | Acquiring Company | Company | A technology and business resilience specialist providing managed backup and IT continuity services. |
| COOLSPIRiT | Target Company | Company | The largest Commvault Solution Provider Partner in the UK, offering data management and IT infrastructure solutions. |
| James Watts | Managing Director | Person | Managing Director of Databarracks, involved in the acquisition process. |
| Damon Robertson | CEO | Person | CEO of COOLSPIRiT, comments on the acquisition aligning with company values. |