“We couldn’t be more excited to help CrashPlan, its customers, and the team grow as part of the Mill Point portfolio of companies. Moving with CrashPlan is the majority of the staff who were previously working to invent, build, deploy, support, innovate, and sell the product since its inception. The decision to operate CrashPlan as its own business allows the organization to execute on an aggressive strategy to focus on and expand its backup and recovery product suite and achieve CrashPlan’s goal of protecting the world’s data from destruction, theft, loss and ransom. “We see strong opportunities to build on our existing features and deliver value to our customers while helping everyone sleep a little better at night.”

“CrashPlan is a remarkable product, which has a unique ability to protect individuals and organizations simultaneously,” said Mason Swenson, Vice President of Product at CrashPlan. The deal was signed July 27, 2022, and the operational transition for CrashPlan and staff supporting the new organization will take place over the coming months. The move to operate CrashPlan independently began earlier this year in the face of mounting market demand for data backup and recovery driven by the permanent shift to hybrid/remote work and continued proliferation of ransomware. The official announcement was made today in Minneapolis, Minnesota. (Code42) and will join the portfolio of Mill Point Capital (Mill Point). MINNEAPOLIS-( BUSINESS WIRE)- CrashPlan, the industry-defining cloud backup and recovery solution, has separated from Code42 Software, Inc.

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