"We’re fully confident that this transaction will bring benefits to all of our customers, with both Incydr and CrashPlan receiving additional capital, focus and innovation as a result of this transaction."Ĭode42 will focus 100% of its attention on the cybersecurity market. Code42 will direct all of its focus and resources on the rapidly developing Insider Risk Management market," said Joe Payne, president and CEO of Code42. "With today’s news, the future for both Code42 and CrashPlan Group has never looked brighter. Code42 will use the proceeds of the transaction to accelerate the growth of the Code42 Incydr™ product and the Code42 Instructor™ microlearning solution, and further develop its team domestically and internationally. The new entity, to be known as CrashPlan Group (CPG), includes more than 100 employees, all CrashPlan solutions and CrashPlan customers. MINNEAPOLIS, August 03, 2022-( BUSINESS WIRE)- Code42 Software, Inc., the Insider Risk Management (IRM) leader, today announced that it has closed a transaction with Mill Point Capital to spin off its CrashPlan business. Data Backup Business Now Owned and Operated by Mill Point Capital
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