Egnyte introduced as we speak that clients can now retailer G Suite recordsdata inside its storage, safety and governance platform. This builds on the assist the corporate beforehand had for Workplace 365 paperwork.
Egnyte CEO and co-founder Vineet Jain says that whereas many enterprise clients have seen the worth of a collaborative workplace suite like G Suite, they could have stayed away due to compliance considerations (whether or not that was warranted or not).
He stated that Google has been engaged on an API for a while that enables firms like Egnyte to decouple G Suite paperwork from Google Drive. Beforehand, for those who wished to make use of G Suite, you no selection however to retailer the paperwork in Google Drive.
Jain acknowledges that the precise integration is just about the identical as his opponents as a result of Google decided the options. The truth is, Box and Dropbox introduced comparable capabilities during the last yr, however he believes his firm has some differentiating options on its platform.
“I honestly would be hard pressed to tell you this is different than what Box or Dropbox is doing, but when you look at the overall context of what we’re doing…I think our advanced governance features are a game changer,” Jain informed TechCrunch.
What which means is that G Suite clients can open a doc and get the identical modifying expertise as they might get have been they inside Google Drive, whereas getting all of the compliance capabilities constructed into Egnyte by way of Egnyte Protect. What’s extra, they’ll retailer the recordsdata wherever they like, whether or not that’s in Egnyte itself, an on-premises file retailer or any cloud storage possibility that Egnyte helps, for that matter.
Lengthy earlier than it was commonplace, Egnyte tried to distinguish itself from a crowded market by being a hybrid play the place recordsdata can reside on-premises or within the cloud. It’s a typical means of taking a look at cloud technique now, nevertheless it wasn’t all the time the case.
Jain has all the time emphasised a disciplined strategy to rising the corporate, and it has grown to 15,000 clients and 600 workers over 11 years in enterprise. He received’t share actual income, however says the corporate is producing “multi-millions in revenue” every month.
He has been speaking about an IPO for some time, and that is still a objective for the corporate. In a current letter to workers that Egnyte shared with TechCrunch, Jain put it this fashion. “Our leadership team, including our board members, have always looked forward to an IPO as an interim milestone — and that has not changed. However, we now believe this company has the ability to not only be a unicorn but to be a multi-billion dollar company in the long-term. This is a mindset that we all need to have moving forward,” he wrote.
Egnyte was based in 2007 and has raised greater than $137 million, according to Crunchbase knowledge.