Carrick Capital Partners has led a $16.3 million Series B round of funding for Infrascale a cloud-based data protection provider. Carrick is a new and majority investor in the company.
The cloud backup and recovery market exceeded $2 billion in 2013, and is on pace to meet roughly the same level of spend this year according to IDC. With backing from Carrick, Infrascale will acquire Eversync Solutions which provides cloud backup and recovery services.
Marc McMorris, co-founder and managing director of Carrick Capital Partners tells Private Equity International that they see additional strategic expansion opportunities and the firm plans to be heavily involved in the growth process.
Joining existing angel investors Dan Gregerson and Randy Smerik, Marc McMorris, co-founder and managing director of Carrick Capital Partners, will be involved as an active member of Infrascale’s board, and Steve Unterberger, CTO of Carrick Capital Partners, will serve as a board observer.
“We think Infrascale offers a unique set of services that can be deployed on public, private, or hybrid environments which gives us a lot of options for expansion,” McMorris said.
Last month, Carrick also announced it took a majority stake in the Procura Group of Companies, a multinational organization specializing in healthcare software and solutions. The investments come from the firms debut fund. That fund closed in November 2012 on $180 million according to Private Equity International’s research and analytics division.