Paradyn invests €500,000 in new data back-up service

New Vault365 service securely backs up data and eliminates the risk of data loss for businesses.

After investing €500,000 in its new Vault365 all-in-one back-up service, Irish IT player Paradyn forecasts revenues of €750,000 in 2023 and will be creating five jobs over the next 18 months.

As the blight of ransomware continues – it’s now more than a year since the HSE was infamously targeted by hackers – the new platform is devised to be a ransomware and data protection solution for that that is stored both on-premise and in cloud applications.

“Proactively protecting data has never been more important in a world where security risks are higher than ever”

Paradyn claims the solution has been designed to enable the fastest data restore in the industry.

Back-up as a service

Initially available for Irish-based customers, Vault365 plans to roll out their backup services in the UK within the next six months.

As Office 365 will only retain data for up to 90 days, Vault365 securely backs up and eliminates the risk of data loss on Exchange Online, SharePoint Online, OneDrive for Business and Microsoft Teams.

The easily-managed solution, which includes a Backup-as-a-Service (BaaS) option, also protects physical servers, virtual servers, cloud and Software-as-a-Service (SaaS) applications such as Salesforce. Businesses can leverage powerful search tools, fast and flexible recovery, and export options to perform eDiscovery across their entire backup environment.

All data is securely hosted at Vault365’s Irish-based data centres.

“Proactively protecting data has never been more important in a world where security risks are higher than ever,” explained Cillian McCarthy, CEO of Paradyn.

“We are one of a few Irish companies offering this service, which we’re launching to meet customers’ increasing backup and security needs for their mission critical data, regardless of where it is.. There is a common misconception that backup is included with Microsoft, and a solution like this is crucial for businesses to avoid irreparable loss or theft of their Office 365 data.

“Our engineers are experts in their fields, and Vault365 enables business continuity which, in turn, offers peace of mind to customers. We are also excited to make the solution available to our UK customers within the next six months. With Vault365, data is always protected and accessible in today’s uncertain technology landscape.”

Main image at top: Cillian McCarthy, CEO of Paradyn, and Pat Downing, commercial director, Vault365

John Kennedy
Award-winning editor John Kennedy is one of Ireland's most experienced business and technology journalists.