And so Code42’s mission grew – we became focused on securing the collaboration culture, not just the protection of data at rest. Over the course of the last two decades, the security of data has become much more complex. At the time, that meant backing up data effectively and efficiently, which led to the development of CrashPlan. Twenty years ago, Code42 set out to solve one of the biggest challenges facing IT teams for businesses large and small – to keep their data safe.
This news is just one more step on a path that has been charted for some time and I want to walk you through some of the key guideposts from that journey. This morning we announced the evolution of Code42 with a major organizational change – the spin out of our legacy back-up business CrashPlan, which will now be owned and operated by Mill Point Capital.
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