Ascendx Merges GRAX and CapStorm for Enterprise Data Control

ByRicardo
  • Ascendx completes acquisition, integrating GRAX with CapStorm, as two enterprise-focused knowledge administration platforms unite
  • With 54% of knowledge saved within the cloud categorised as delicate (a rise from 47% in 2024)*, there are growing governance complexities round knowledge storage, with the typical price of a knowledge breach at present reaching $4.88 million**
  • This acquisition helps companies to cut back this threat by giving companies full knowledge management and possession
  • Acquisition follows $110M Ascendx fundraise which was introduced in May

Ascendx, the worldwide operator of enterprise software program options within the Salesforce ecosystem, at the moment introduced it has accomplished its acquisition of GRAX, the US-based Salesforce knowledge administration chief.  Having raised $13M at its most up-to-date funding spherical***, GRAX will now combine with CapStorm, an Ascendx portfolio firm as a part of a broader knowledge administration platform technique.  GRAX and CapStorm will present enterprises real-time management of their Salesforce knowledge, enabling prompt backup, restoration and replication.

Businesses at the moment face mounting dangers from poor SaaS knowledge governance, with the typical price of a knowledge breach at present reaching $4.88 million. This newly shaped entity will allow companies to safeguard their Salesforce knowledge by strong backup, restoration, and lifecycle administration, lowering each compliance dangers and the potential monetary affect of breaches.  

The transfer expands the corporate’s international attain and unites two high-growth groups, collectively serving over 500 enterprise shoppers throughout 40 nations. Together, GRAX and CapStorm have achieved greater than 500% progress over the previous 5 years, setting the stage for continued growth as class leaders.

The newly built-in firm will allow enterprises to totally personal, management, and handle their Salesforce knowledge. It will deal with extremely regulated sectors, together with healthcare, monetary companies, and federal companies, serving to organizations meet strict compliance necessities by sustaining safe, off-platform knowledge replicas.

While headquartered within the U.S., the unified GRAX model is extending its footprint to the UK and Europe, the place knowledge sovereignty and compliance innovation are accelerating quickest, significantly underneath GDPR and AI governance frameworks.

The mixed firm will proceed underneath the management of Ted Pappas as CEO, with GRAX Founder Joe Gaska taking the Chief Product Officer position to drive innovation and AI-powered capabilities.

Ted Pappas, CEO of CapStorm, who will lead the mixed group, stated: “The thesis of this merger is straightforward: to supply Salesforce clients with an improved expertise for end-to-end Salesforce knowledge lifecycle administration. With GRAX and CapStorm working collectively, firms like Mölnlycke, Jazz Pharmaceuticals and different main multinationals are remodeling their Salesforce knowledge from a compliance burden right into a aggressive asset. Together, we cowl every part from backup, archive and analytics to safety & compliance utilizing superior AI capabilities. Together, CapStorm and GRAX give enterprises a trusted technique to obtain full knowledge independence.”

Joe Gaska, Founder of GRAX, added: “From the beginning, GRAX was constructed on the idea that clients ought to personal their knowledge, not hire entry to it. Our enterprise clients report as much as 70% sooner analytics supply and tens of 1000’s of {dollars} in storage price financial savings after unifying CRM knowledge in their very own cloud. This merger underneath Ascendx permits us to speed up these enhancements, giving Salesforce clients the management, safety, and freedom they’ve been demanding, whereas higher getting ready their knowledge for the way forward for compliance, analytics, and AI.”

Ufuk Civilo, CEO of Ascendx, stated: “Grax is the second acquisition underneath our knowledge cloud suite to provide enterprise organizations their knowledge freedom again. With this acquisition, we’re providing greatest in school knowledge administration and AI capabilities to our clients. CapStorm alone already delivers sub-five-minute knowledge restoration, unmatched within the class so I look ahead to see the worth CapStorm and GRAX ship collectively, turning knowledge safety into knowledge energy.”

Alantra acted as unique monetary advisor to GRAX on this transaction.

* https://cpl.thalesgroup.com/cloud-security-research

** https://www.ibm.com/reports/data-breach *** https://www.grax.com/blog/why-we-raised-a-12-8m-series-a-with-volition-capital/

Notes to Editors:

For extra info, please contact [email protected] 

Amy Grenham, Head of Marketing, Ascendx, [email protected] 

About CapStorm

CapStorm is a number one supplier of Salesforce knowledge administration options, specializing in backup & restore, knowledge pipelines, integrations, and compliance. Trusted by Global 2000 enterprises in extremely regulated industries worldwide, CapStorm permits organizations to take management of their Salesforce knowledge with unmatched independence, flexibility, and belief.

About GRAX

GRAX is a pioneer in Salesforce knowledge administration, empowering enterprises to guard, protect, and maximize the worth of their knowledge. With a relentless deal with buyer knowledge possession, GRAX helps organizations obtain compliance, enhance resilience, and unlock the complete potential of their Salesforce knowledge.

The publish Ascendx Merges GRAX and CapStorm for Enterprise Data Control first appeared on AI-Tech Park.

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