Backup and disaster recovery firm StorageCraft has vowed to boost investment in its channel and double its revenue after receiving an $187m (£130m) investment.
TA Associates agreed to plough the cash into the firm earlier this month, but the deal is expected to close before the end of the month.
StorageCraft, which was set up in 2003 and is headquartered in the US, specialises in backup, disaster recovery and system migration.
It already has operations in EMEA, with a regional HQ in Cork, and claims its cash injection will help it add more staff across the region, as well as in the Asia-Pacific and Latin America regions.
Before the investment, StorageCraft was owned by its five co-founders, two of whom have now retired. The investor holds a majority stake in the company, along with the remaining three founders and its new chief executive Matt Medeiros, who ran SonicWall before it was acquired by Dell.
Curt James, StorageCraft co-founder, told CRN that the investment will go a long way in boosting the company's profile globally.
"We really want to accelerate the business," he said. "We're very channel focused so it is all about on-boarding and recruiting more partners and just working and listening to them more closely. We have a number of initiatives such as building a partner portal and having a partner conference. We are also looking at international expansion – it is high on the list of things we need to invest in."
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