Internet technology provider Google agreed on Wednesday to purchase Actifio, a US-based data management software provider that counts industrial holding company The Heritage Group as an investor, for an undisclosed amount.
Founded in 2009, Actifio provides a software platform that allows enterprise customers to speed up the recovery of data both on site and through cloud-based platforms.
The platform can automatically back up and protect customer data across a range of enterprise database products. Google said the acquisition will help it provide data protection for customers of its cloud services platform, Google Cloud.
Crestline Investors led a $100m funding round or Actifio in August 2018 that also featured Heritage Group, 83North, North Bridge Venture Partners, Advanced Technology Ventures, Andreessen Horowitz and unnamed existing investors.
The company had secured a separate $100m in a 2014 round led by Tiger Global Management and backed by 83North, North Bridge Venture Partners, Technology Crossover Ventures, Advanced Technology Ventures and Andreessen Horowitz.
Technology Crossover Ventures led a $50m series D round for Actifio in 2013 that also featured North Bridge Venture Partners, Andreessen Horowitz, Advanced Technology Ventures and 83North.
Actifio pulled in $33.5m in a series C round led by Andreessen Horowitz that included North Bridge Venture Partners, Advanced Technology Ventures and Greylock Partners (from which 83North was later spun off).
In September 2010, the company raised $16m in a series B round led by Advanced Technology Ventures, while North Bridge Venture Partners and Greylock Partners also invested. The last two had co-led its $8m series A round two months earlier.