Fresh off a funding round that valued the company at over $2bn (€1.65bn), US cloud technology firm Druva is to expand its base in Letterkenny.
Druva, which was founded in India but is now headquartered in California, develops technology for cloud back-ups and security.
In 2018, it acquired Letterkenny-based start-up CloudRanger, which builds back-up and recovery tools for Amazon Web Services users.
David Gildea, who was chief executive of CloudRanger and is now vice-president of products at Druva, said the Donegal outpost has 26 staff and plans to add 20 more following the latest investment.
The Irish Independent is reporting this morning that the company plans to expand its product development functions with a focus on data protection products and solutions for improving the ways people use cloud services.
Druva’s Irish operation is based at CoLab, a start-up office and support hub on the campus of Letterkenny Institute of Technology (LYIT).
Since the acquisition, CloudRanger’s operations have been integrated into Druva’s suite of products.
“Druva’s strategic acquisition of CloudRanger significantly expanded the capabilities of the Druva Cloud Platform,” Gildea said.
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