US cloud data firm Druva opens Singapore office in regional expansion

AMERICAN cloud data protection and management company Druva has opened a Singapore office to support Asia-Pacific enterprises, the company said in a media statement on Wednesday. 

Druva said that it will focus on expanding its headcount and tripling revenue in the region within the next 12 months. It will "deliver enhanced support through focused, local expertise and a partner network of more than 600 existing customers in Asia-Pacific", added the company.

The IT company counts mainboard-listed China Aviation Oil Corp and Nanyang Technological University as clients in Singapore.

According to Druva, the Asia-Pacific region has one of the fastest growing technology markets in the world, with market research firm IDC forecasting a 32.6 per cent compound annual growth rate for cloud services revenue between 2016-2021, exceeding the worldwide average of 21.9 per cent. 

"The use of cloud-based technology like Druva's comprehensive backup and recovery has been critical to protecting the data of our faculty, employees and students," said Alan Loe, deputy director, e-Learning and IT services, Lee Kong Chian School of Medicine, Nanyang Technological University.

"Druva offers rapid restores, scalability and cost-effectiveness that exceeds our expectations and we look forward to strengthening our relationship with Druva in Singapore."

Sequoia Capital-backed Druva has also secured SG:D Accreditation under the Accreditation@SG Digital programme launched by the Info-communications Media Development Authority and Cyber Security Agency of Singapore. The programme is part of government efforts to grow the local cybersecurity ecosystem and help companies expand overseas through tapping on the track record built in Singapore.

Druva said this certificate will allow it to service the country's government agencies and organisations.

"We are very pleased to work with Druva as it scales in the APAC region through the opening of the new Singapore office," said Edwin Low, director of Accreditation@SG Digital. "Druva's innovative de-duplication technology coupled with its cloud-native architecture makes the company a global leader in the market. As we've seen, the shift to cloud infrastructure enables organisations, across government and industry, to reap significant gains."