TA Associates to invest $187M in StorageCraft Technology
January 14, 2016
TA Associates has signed an agreement to invest $187 million in StorageCraft Technology. The company provides backup and recovery software for servers, desktops and laptops, primarily to small- and medium-sized businesses. In connection with the investment, Matt Medeiros has joined StorageCraft as chairman and CEO. Mr. Medeiros was previously CEO of SonicWALL (which was acquired by Dell) and worked in senior executive-level roles at Apple Computer and NeXT Computer. Boston Meridian Partners provided advisory services to StorageCraft.