Egnyte

Egnyte is a software company that provides a cloud platform for enterprise file synchronization and sharing[1] as well as content and data governance for business customers. It offers storage, collaboration, and sharing capabilities using a cloud infrastructure, and users can access files from on-premises and cloud environments.

Egnyte, Inc.
TypePrivate
IndustryTechnology
Founded2007
HeadquartersMountain View, California
Key people
Vineet Jain (CEO)
Websitewww.egnyte.com

History

Headquartered in Mountain View, California, Egnyte was founded in 2007, and incorporated in 2008.[2][3]

Egnyte received $1 million seed venture capital in 2007, $6 million in July 2009,[3] $10 million in 2011, and $16 million in 2012. Egnyte announced a $29.5 million investment that included Seagate, CenturyLink, Northgate Capital, and prior investors Kleiner Perkins, Google Ventures and Polaris Partners.[4] The full list of investors include: Google Ventures, Kleiner Perkins Caufield & Byers, Floodgate Fund, Polaris Partners, Northgate, CenturyLink and Seagate.[5]

Egnyte's software can use storage hardware such as the Dell PowerEdge T140, the Lenovo M-Series Tiny, and the SuperMicro Mini Tower.[6] It can also use Hyper-V and VMware for on site servers. The company formed partnerships with cloud vendors such as Amazon, Microsoft, and Google Cloud.[7]

On 20 January 2015, the company announced what it called adaptive enterprise file services, and content intelligence and smart reporting and auditing services.[8] In March 2015, the company unveiled its Egnyte for Google Apps that allows customers to move files between Google Drive and their own data center. Google Apps administrators can set up the integration and then manage permissions.[9]

Egnyte also unveiled new mobile apps in May 2015 for file sharing on platforms including the Apple Watch.[10] By June 2016, Egnyte announced a move into data protection technology, as the file synchronization market was seen to mature.[11] In October 2016, the company announced it would recommend Microsoft Azure as a cloud provider, despite what was considered as the somewhat competing service OneDrive operated by Microsoft.[12][13]

By the end of 2019, the company reported having more than 16,000 customers worldwide, and had reached more than $100 million in annual recurring revenue.[14]

Technology

As of 2020, the Egnyte Content Services Platform emphasizes specific areas of enterprise content management:

  • Content governance
  • Compliance
  • Content intelligence
  • Remote working

See also

References
  1. Backaitis, Virginia (20 January 2015). "Can Egnyte Snuff Box's IPO Fire?". Cmswire.com. Retrieved 15 December 2016.
  2. Dylan Tweney (6 September 2013). "Egnyte founder Vineet Jain is driven to succeed - and share". Venture Beat. Retrieved 6 February 2017.
  3. "Form D: Notice of Exempt Offering of Securities". US SEC. 30 July 2009. Retrieved 6 February 2017.
  4. "Egnyte Takes On $29.5M in New Capital To Grow Its Enterprise Cloud File Storage Business". TechCrunch. 11 December 2013. Retrieved 15 December 2016.
  5. "Archived copy". Archived from the original on 21 May 2014. Retrieved 21 May 2014.CS1 maint: archived copy as title (link)
  6. Bhuiyan, Johana (23 May 2014). "Egnyte Barges into Crowded Corporate Cloud Business". Recode. Retrieved 15 December 2016.
  7. "Egnyte Adds File Auditing, Intelligent Distribution To Hybrid Storage Solution". TechCrunch. 20 January 2015. Retrieved 15 December 2016.
  8. Ben Kepes (20 January 2015). "Egnyte Brings Intelligence To File Sharing". Forbes.com. Retrieved 6 February 2017.
  9. "Helping Google Move Beyond The Public Cloud-Egnyte For Private Google Drive". Forbes.com. Retrieved 15 December 2016.
  10. Jonny Evans (19 May 2015). "CIO: Yet another reason to budget for an Apple Watch". Computerworld. Retrieved 10 February 2017.
  11. Chris Mellor (9 June 2016). "Google Ventures-backed sync-'n'-share firm changes direction. Got your attention? Tires of that syncing feeling, hatches new plan". The Register. Retrieved 10 February 2017.
  12. Barb Darrow (3 October 2016). "Why This Small Cloud Company Is Still Partnering With Rival Microsoft". Fortune Tech. Retrieved 10 February 2017.
  13. Angus Loten (3 October 2016). "Egnyte Strikes 'Strategic Alliance' With Microsoft in Cloud". Wall Street Journal CIO blog. Retrieved 10 February 2017.
  14. "The newest members of the $100M ARR club". TechCrunch. Retrieved 23 April 2020.
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