Cloud back-up and security firm plans to add 20 staff
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.
It 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.
“With CloudRanger, Druva was able to provide a holistic end-to-end solution for traditional and modern cloud infrastructures that customers were increasingly seeking.”
Gildea said Druva sources talent locally from LYIT and the company has “formed a strong partnership with the institution” through work placements and collaborating on-course content to equip graduates with the latest skills to enter the tech sector.
However he said the company is keen to attract more people from around the country to Donegal.
“The Northwest has a large population of roughly 400,000 people in Donegal, Derry and surrounding areas.
"Its low cost of living and great work-life balance makes it an attractive place to work and well suited for investment,” he said.
In April, Druva raised $147m in a round of funding led by the organisation that manages Quebec’s pension fund with investment firms Neuberger Berman and Viking Global Investors also backing the round.
Sunday Indo Business