Probax Company Profile

Background

Probax is a multi-award-winning data protection software provider specializing in solutions for Managed Service Providers (MSPs). As a Platinum Veeam Cloud & Service Provider (VCSP), Probax has garnered numerous VCSP Innovation and Partner of the Year awards from Veeam. The company's mission is to deliver cutting-edge data protection and cloud storage solutions through innovative automation technology, simplifying operations and reducing costs for MSPs.

Key Strategic Focus

Probax focuses on providing comprehensive and integrated backup management solutions tailored for MSPs. Their core objectives include:

Backup-as-a-Service (BaaS): Offering seamless management of Veeam-protected client environments with options for bundled or bring-your-own (BYO) Veeam licenses and Wasabi storage.

Microsoft 365 Protection: Delivering reliable and powerful backup solutions for Microsoft 365, reducing complexity and providing centralized control and automation.

Automation and Intelligence: Implementing advanced monitoring, automatic reporting, and award-winning ransomware detection to transition MSPs from reactive to proactive service strategies.

Financials and Funding

Specific financial details and funding history for Probax are not publicly disclosed. However, the company's strategic partnerships and industry recognition indicate a stable financial position and ongoing growth.

Pipeline Development

Probax continues to innovate and expand its product offerings. Recent developments include:

MSP Backup: A platform that simplifies Veeam’s enterprise capabilities, integrates with Wasabi hot cloud storage, and offers centralized multi-client visibility, management, and automation.

MSP Backup for Microsoft 365: A tailored solution for MSPs seeking reliable and powerful Microsoft 365 backup with centralized control and automation.

Technological Platform and Innovation

Probax distinguishes itself through proprietary technologies and innovative methodologies:

Hive: A data protection platform designed for MSPs managing multiple client environments and workloads using Veeam, StorageCraft, Microsoft 365, and Dropbox.

Scout: A tool that enhances data protection automation, intelligence, and management for users and resellers of Veeam Software.

Automation and Intelligence: Advanced monitoring, automatic reporting, and ransomware detection capabilities that transition MSPs from reactive to proactive service strategies.

Leadership Team

Tim Smith: Chief Executive Officer. Leads the company's strategic direction and growth initiatives.

Kevin Allan: Founder & Chief Technology Officer. Oversees technological innovation and development.

Sam Meegahage: Chief Operating Officer. Manages daily operations and ensures operational efficiency.

Randolph C. Read: Non-Executive Director. Provides strategic guidance and oversight.

Will Hamaker: Senior Vice President of Global Sales. Leads global sales strategies and initiatives.

Leadership Changes

In August 2023, Probax announced a strategic partnership with ThinkOn Inc., allowing Probax to focus on its proprietary technologies, Hive and Scout. As part of this partnership, ThinkOn assumed control of Probax’s global client portfolio and associated assets.

Competitor Profile

Market Insights and Dynamics

The data protection and cloud storage market is highly competitive, with numerous players offering a range of solutions. Key trends include the increasing adoption of cloud-based backup solutions, the growing importance of data security, and the need for automation in data management.

Competitor Analysis

StorageCraft: Provides backup and disaster recovery solutions. Founded in 2003, headquartered in Draper, Utah, with 250-500 employees and approximately $100M-$500M in revenue.

Datto: Offers data protection and business continuity solutions. Founded in 2007, headquartered in Norwalk, Connecticut, with 1,000-5,000 employees and approximately $500M-$1B in revenue.

Nasuni: Specializes in cloud file storage solutions. Founded in 2008, headquartered in Boston, Massachusetts, with 500-1,000 employees and approximately $500M-$1B in revenue.

Strategic Collaborations and Partnerships

Probax has established significant partnerships to enhance its market position and capabilities:

ThinkOn Inc.: In August 2023, Probax partnered with ThinkOn, allowing Probax to focus on its proprietary technologies while ThinkOn assumed control of Probax’s global client portfolio and associated assets.

Techs+Together: In September 2020, Probax partnered with Techs+Together, a community of over 550 MSPs, to offer intelligent and reliable data protection solutions.

TD SYNNEX: In April 2024, Probax announced a partnership with TD SYNNEX to make best-in-class data protection available to MSPs and their customers by leveraging Veeam Data Platform and Wasabi hot cloud storage.

Operational Insights

Probax's strategic focus on automation and intelligence in data protection positions it uniquely in the market. By offering tailored solutions for MSPs, Probax addresses specific challenges such as operational inefficiencies and ransomware threats. The company's partnerships with industry leaders like Veeam, ThinkOn, and TD SYNNEX further strengthen its market position and expand its capabilities.

Strategic Opportunities and Future Directions

Probax's emphasis on proprietary technologies like Hive and Scout, combined with strategic partnerships, positions the company for continued growth and innovation. Future directions may include: