With new Singapore office, Druva projected to triple regional revenue in the next 12 months
SUNNYVALE, California ‒ May 14, 2019 ‒ Druva, Inc., the leader in cloud data protection and management, today announced the opening of its new office in Singapore to support Asia-Pacific enterprises increasingly turning to the cloud to protect and manage their most critical asset - data. Focused on expanding its headcount and tripling revenue in the region, Druva will deliver enhanced support through focused, local expertise and a partner network of more than 600 existing customers in Asia-Pacific.
The Asia-Pacific region boasts one of the fastest growing technology markets in the world, with market research firm IDC forecasting* a 32.6 percent compound annual growth rate (CAGR) for cloud services revenue between 2016-2021, exceeding the worldwide average of 21.9 percent. As enterprises embrace cloud technology to meet the growing demands of data, Druva is helping IT teams streamline management, visibility and compliance of swelling data sets - all without the burden of unnecessary hardware, capacity planning, or software management.
“Emerging businesses in APAC, and around the globe, understand that an effective way to grow quickly and meet market demands is by deploying technology that can scale with your business,” said Jaspreet Singh, CEO and founder, Druva. “Our new Singapore office will support our goal to provide every business with a better and simpler way to manage their most valuable IP, enterprise data.”
China Aviation Oil Corporation is the largest physical jet fuel trader in Asia-Pacific and the key supplier of imported jet fuel to China's civil aviation industry. “We welcome Druva’s expansion in Asia-Pacific,” said Wayne Choe, IT Infrastructure Manager, China Aviation Oil Corporation. “Our IT team already relies on Druva to protect our data, restore files, and meet any regulatory needs and we are excited to have a local team that can also support us as our data demands continue to grow.”
Comprised of eight schools and colleges, Nanyang Technological University is the second largest university in Singapore with more than 33,000 students and 10,000 faculty. "The use of cloud-based technology like Druva’s comprehensive backup and recovery has been critical to protecting the data of our faculty, employees and students,” said Alan Loe, Deputy Director, e-Learning and IT services, Lee Kong Chian School of Medicine, Nanyang Technological University. “Druva offers rapid restores, scalability and cost-effectiveness that exceeds our expectations and we look forward to strengthening our relationship with Druva in Singapore.”
Druva has also secured SG:D Accreditation from the Singaporean government; a recognition of Druva exceeding stringent technology and industry standards. With this certificate, Druva will also be able to service the country’s government agencies and top organizations.
“We are very pleased to work with Druva as it scales in the APAC region through the opening of the new Singapore office,” said Edwin Low, Director of Accreditation@SG Digital. “Druva’s innovative de-duplication technology coupled with its cloud-native architecture makes the company a global leader in the market. As we’ve seen, the shift to cloud infrastructure enables organizations, across government and industry, to reap significant gains.”
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*IDC, Worldwide and Regional Public IT Cloud Services Forecast, 2018-2021, doc #US43625818 , March 2018