SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Files.com, the leading cloud-native SaaS platform for file integration and automation, today announced the acquisition of ExaVault, a leading cloud file transfer provider for SMBs and medium-sized companies. The acquisition will create the industry’s largest cloud-native file platform, with more than 6,500 active business-to-business (B2B) customers.
With its award-winning, enterprise-grade file transfer service, Files.com provides IT teams, developers, partners, and end users with all the tools needed to complete operations quickly and efficiently. Every month, companies like The New York Times, Michelin, PBS, and Mozilla turn to Files.com to automate large files on critical transfers, including system-to-system, system-to-human, and human-to-human . to the system. Over the past year, Files.com has grown exponentially as more companies move away from on-premises managed file transfer (MFT) technology vendors such as IBM, SolarWinds, HelpSystems and Progress.
“Legacy file transfer vendors like IBM, HelpSystems and Progress charge huge prices but haven’t innovated in decades,” said Kevin Bombino, founder and CEO of Files.com. “We plan to continue to entice their customer base with a more affordable, cloud-native solution that leverages industry-leading automation. I look forward to combining ExaVault’s obsessive focus on speed and performance with Files.com’s technical integration and automation capabilities while maintaining the customer-first approach that has propelled both companies to ‘now. We are thrilled to onboard their team and several thousand SME and midsize customers, which will greatly amplify our collective network effect and the reach of our ecosystem. »
Files.com will integrate with the ExaVault platform, so any of the combined platform’s more than 6,500 customers will be able to directly exchange files with each other in an automated and secure workflow on the platform. The combined Files.com and ExaVault business now stores nearly 2 million GB of customer data. Today, the company also announced a three-year revenue CAGR of 65%, highlighting the huge market potential for Files.com to grow. According to a recent report by Gartner, the total value of the file transfer market will grow by $100 million per year over the next 3 years, reaching $1.4 billion by 2024.
“We are thrilled to join an industry leader like Files.com, which has a proven track record of supporting its customers with powerful solutions and exceptional service. Files.com’s mission and approach reflect the way we think and operate,” said ExaVault CEO David Ordal. “Together, we will provide customers with more value-driven innovation through our greatest combination of world-class tools, expertise and experience.” David will continue to play a vital role in product development as Files.com’s new chief technology officer.
Significant demand is expected through 2022 and beyond, as businesses constantly face access, security, and speed issues with file transfers, sharing, and storage. Today, as the world’s largest file automation and integration platform, Files.com is uniquely positioned to deliver value from its growing network effect, serving businesses of all sizes rather than focusing exclusively on businesses like traditional providers. “ExaVault is the only other vendor we’ve come across that gets this,” Kevin said, “and that’s why we view this union as a win-win for all customers.”
Files.com, headquartered in Scottsdale, Arizona, is a cloud-native SaaS platform for file integration and automation that enables organizations to securely transfer or share files between users, teams, organizations (B2B) and customers (B2C).
Files.com is backed by California-based private equity firm Riverwood Capital. Files.com has been providing businesses with secure, cloud-native file transfers for over 10 years, serving over 6,500 customers in key industries such as healthcare, finance, manufacturing, media, technology, and more.
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