The Online Backup Company offers online backup and disaster recovery solutions and is the largest provider in Norway. It serves roughly 4,000 customers, employs 35 people, and reports a turnover close to NKr 50 million. The company plans to expand into Sweden, Germany and the rest of Europe. Market research cited in the article notes strong growth in cloud services, with Morgan Stanley predicting 30–50% annual growth over the next three years and IDC forecasting significant expansion in cloud storage. The company is positioning itself to capture share as the European cloud storage market grows.

Total raised

$8M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2012