Code42

Code42
Private
Industry Software
Founded June 27, 2001 (2001-06-27)[1]
Founders Matthew Dornquast, former CEO,
Brian Bispala, VP Engineering
Mitch Coopet, Chief Technology Officer
Headquarters Minneapolis, Minnesota, U.S.
Key people
 Joe Payne, President and Chief Executive Officer[2][3]
Products CrashPlan for Home
CrashPlan PRO
CrashPlan PROe
Website www.code42.com

Code42 is an American software company that develops and markets the CrashPlan backup software and services suite. It was founded in 2001 as an IT consultancy. Code42 started a project to create a Facebook-like desktop application but ended up focusing on the online storage element, and released CrashPlan in 2007. The company raised $52.5 million in 2012.[4]

CrashPlan is offered to consumers in a freemium model. Backing up to Code42's servers requires a monthly subscription; an enterprise edition is offered as well. CrashPlan gets positive reviews for its pricing, feature-set and user interface, but large initial backups were reported as slow.[5]

History

Code42 was founded as an IT consulting company in 2001,[6][7] by Matthew Dornquast, Brian Bispala, and Mitch Coopet.[8] The company's name honors Douglas Adams, who authored Hitchhiker’s Guide to the Galaxy and had died that year. In the book, the number 42 is the "answer to the ultimate question of life, the universe and everything".[9]

Some of Code42's first projects included a redesign of Sun Country Airlines’ website in 2002,[6] a project for the retailer Target Corporation,[10] and the ticket booking engine for Midwest Airlines.[7] Income from the IT services business was used to fund product ideas for six years.[11] In 2006, the company planned to create a Facebook-like desktop application, but the project became too large and impractical. Code42 focused on the online storage element of the application,[10] creating CrashPlan in 2007.[6]

In June 2011, Code42 acquired a Minneapolis-based mobile development company, Recursive Awesome LLC, to support its software on mobile devices. Recursive’s employees were moved to its Minneapolis headquarters[12] and later a 10,000 square-foot expansion to its offices was built.[10] In 2012, Code42 raised $52.5 million in funding.[4][8][13] The funding was the first[11] distribution from a $100 million pool established in 2011 by Accel Partners to fund Big Data companies.[14]

In mid 2015 former Eloqua CEO Joe Payne succeeded co-founder Matthew Dornquast as CEO.[2][3] The company raised an additional $85 million in funding in October 2015.[15][16]

Business

As of April 2011, 80% of Code42 Software’s revenue comes from business customers. Most of the remainder comes from consumers[6][7] and a small portion from service provider partners.[9] Code42 has been profitable each year since it was founded.[4][9] It grew from $1.4 million in revenue in 2008 to $11.46 million in 2010 and $18.5 million in 2011.[17] As of 2012, the company had backed up 100 petabytes of data and processed 100 billion files a day.[8]

File backup and sharing services

CrashPlan for Home user interface

Code42 is best known for developing and marketing the CrashPlan data backup service.[18] CrashPlan backs up data to remote servers, other computers, or hard drives.[19] It is available on Mac, Windows and Linux.[5][20] The consumer version is sold on a freemium model, where daily local backups are free, but using Code42's cloud service requires a paid subscription called CrashPlan for Home.[21] There used to be a paid option for seed loading, in which a hard drive was sent to the user, so a faster local backup could be performed to the drive and it could be shipped back to Code42 for initial backup.[22][23] However this Seeded Backup service is no longer available as of around the beginning of 2016; neither is the corresponding Restore-to-Door service, which would allow a hard drive containing extensive restore data from backups to be shipped back to the user faster than an over-the-Internet download.[24] There are also CrashPlan and CrashPlan PRO and PROe mobile apps for accessing backed-up data from iOS, Android and Windows devices.[25]

Initial backups may take several hours via LAN or days over the internet, depending on the amount of data and bandwidth available, but afterwards, continuous and incremental backups are conducted without user intervention.[5][19][26] Data is encrypted,[27] password-protected and stored in a proprietary format. There is also an option for a more secure private key.[19][22] Corporate users that have CrashPlan PROe back up to private servers instead of Code42's data centers in four out of five cases.[11] The software has an option to create a private on-site backup server.[28]

Code42 used to develop and market a file sharing service called SharePlan,[29] which was released in October 2013.[30] According to the Star Tribune, it competed with DropBox, but SharePlan used a PIN to access files and track users.[30][31] In October 2014, a revision of the software added features for regulatory compliance like Sarbanes-Oxley and options for a private, public or hybrid cloud deployment.[32] It had a single login with Crashplan using a feature called the "Code42 EDGE Platform", which was improved in December 2014 with two-factor authentication features.[33] Shareplan was discontinued in August 2015.[34]

Reception

In a comparative review in The Wall Street Journal, the reviewer said CrashPlan was their favorite out of the four services evaluated. He said it lacked "fine print", whereas some of the other services charged additional fees for basic features or weren't really unlimited.[35] PC Magazine gave CrashPlan 4.5 out of 5 stars and awarded it Editor's Choice. The review praised it for its user interface, local backup options and security features, but said its mobile and explorer-based features were "limited."[36]

A product review on MacWorld gave CrashPlan a rating of 4.5 out of 5,[37] and Gartner gave the enterprise version, CrashPlan PROe, an "excellent" rating.[38] In benchmark tests by Computerworld, CrashPlan was the best performer in an incremental backup of 25 MB, but the worst performer in archiving an entire system drive, which took almost five days.[5] A Wall Street Journal columnist also noted lengthy initial backups, followed by better-performing incremental ones.[19] Techworld praised CrashPlan for its operating system support and configuration options.[19] Ars Technica said CrashPlan had better features and pricing options than competitors.[28]

See also

References

  1. ↑ "Code42.com WHOIS, DNS, & Domain Info - DomainTools". WHOIS. Retrieved 2016-10-02.
  2. 1 2 Ramstad, Evan (July 14, 2015). "Code42 taps software exec Payne as CEO". Star Tribune. Retrieved July 27, 2015.
  3. 1 2 World, Network (July 15, 2015). "Code42 snags ex-Eloqua CEO Joe Payne". Network World. Retrieved July 27, 2015.
  4. 1 2 3 McBride, Sarah; Gary Hill (January 18, 2012). "Carbonite rival Code 42 raises $52.5 million". Reuters. Retrieved October 1, 2012.
  5. 1 2 3 4 Nadel, Brian (February 8, 2012). "CrashPlan review". Computerworld. Retrieved October 19, 2012.
  6. 1 2 3 4 Coss, Kevin (April 15, 2011). "Code 42 breaks into the B-to-B market". BizJournals. Retrieved October 1, 2012.
  7. 1 2 3 Nelson, Todd (May 16, 2011). "Founder of data storage backup firm has a plan: Grow but stay put". Star Tribune. pp. 1D.
  8. 1 2 3 Takahashi, Dean (January 17, 2012). "Code 42 Software raises $52.5M to raise profile for online backup". VentureBeat. Retrieved September 30, 2012.
  9. 1 2 3 Kovar, Joseph (January 18, 2012). "CrashPlan Cloud Storage Vendor Code 42 Grabs $52.5 Million In VC Funding". CRN. Retrieved October 1, 2012.
  10. 1 2 3 Stratton, Jeremy (August 27, 2011). "The Lessons of Code42: Software innovator Matthew Dornquast's tech-biz wisdom". The Minneapolis Post. Retrieved October 1, 2012.
  11. 1 2 3 Higginbotham, Stacey (January 17, 2012). "Meet Code 42, Accel's first Big Data Fund Investment". GigaOm. Retrieved October 1, 2012.
  12. ↑ Stych, Ed (June 1, 2011). "Code 42 buys mobile app firm that works with Best Buy". Minneapolis Business Journal. Retrieved October 1, 2012.
  13. ↑ Grayson, Katharine (April 6, 2012). "VC investment climbs higher". Minneapolis Business Journal. Retrieved October 18, 2012.
  14. ↑ Grant, Rebecca (September 20, 2012). "Origami Logic in process of folding up $8M in funding". VentureBeat. Retrieved October 1, 2012.
  15. ↑ Ramstad, Evan (October 6, 2015). "Software maker Code42 raises $85 million from investors". Star Tribune. Retrieved October 13, 2015.
  16. ↑ Miller, Ron (October 6, 2015). "Code42 Snares Huge $85M Series B Investment". TechCrunch. Retrieved October 13, 2015.
  17. ↑ "Code 42 Software". Inc. Magazine. 2011. Retrieved October 18, 2012.
  18. ↑ Mahoney, Kevin (October 3, 2013). "Fast-Growing MN IT Co. Will Compete With Dropbox". Twin Cities Business. Retrieved February 25, 2015.
  19. 1 2 3 4 5 Boehret, Katie (February 14, 2012). "For Backup, You've Got a Friend, Family or Cloud". All Things D. Retrieved October 19, 2012.
  20. ↑ "Solaris Platform Retirement". support.code42.com. August 13, 2015. Retrieved August 15, 2015.
  21. ↑ Schneider, Ivan (June 19, 2010). "Online Storage Buyer's Guide". InformationWeek. Retrieved October 19, 2012.
  22. 1 2 Fleishman, Glenn (September 7, 2009). "Online backup services". Macworld. Retrieved October 19, 2012.
  23. ↑ Lawson, Corrina (March 31, 2012). "CrashPlan Saves Your Files in Multiple Places". WIRED. Retrieved October 19, 2012.
  24. ↑ "CrashPlan PRO FAQs". Code 42 support. Code42 Software Inc. 22 Apr 2016. Retrieved 12 November 2016. There is currently no Seeded Backup service available for CrashPlan PRO. Similarly, we are not offering the corresponding Restore-to-Door service at this time.
  25. ↑ Scheier, Robert (March 12, 2012). "Mobile apps: The IT pro's new power tools". InfoWorld. Retrieved February 26, 2015.
  26. ↑ Needleman, Rafe (January 24, 2007). "Back up your mom with Crashplan". CNET. Retrieved October 19, 2012.
  27. ↑ Needleman, Rafe (April 3, 2009). "How Safe Is Your Data In "The Cloud"?". CNET. Retrieved October 26, 2012.
  28. 1 2 Cunningham, Andrew (May 18, 2012). "Hands-on with CrashPlan: cloud backup for all". ArsTechnica. Retrieved October 19, 2012.
  29. ↑ Eddy, Nathan. "Code42 Introduces Private-Cloud File Sharing". eWeek. Retrieved February 25, 2015.
  30. 1 2 Mahoney, Kevin (October 3, 2013). "Fast-Growing MN IT Co. will compete with Dropbox". Twin Cities Business. Retrieved October 4, 2013.
  31. ↑ Ramstad, Evan (October 7, 2014). "Code42 expects sales growth with file-sharing product". Star Tribune. Retrieved February 25, 2015.
  32. ↑ McGreevy, Lisa (October 7, 2014). "Code42 announces new version of SharePlan with flexible cloud options". FierceContentManagement. Retrieved February 28, 2015.
  33. ↑ Eddy, Nathan (December 9, 2014). "Code42 Adds Security Features to Edge Platform". eWeek. Retrieved February 28, 2015.
  34. ↑ Grayson, Katharine (August 6, 2015). "Code42 to stop selling once-touted SharePlan file-sharing product". Minneapolis / St. Paul Business Journal. Retrieved August 7, 2015.
  35. ↑ Fowler, Geoffrey (March 3, 2015). "The Best Way to Back Up Your Computer". The Wall Street Journal. Retrieved March 4, 2015.
  36. ↑ Muchmore, Michael. "Crashplan". PC Magazine. Retrieved March 4, 2015.
  37. ↑ Yamshon, Leah (May 16, 2012). "CrashPlan+: Reliable cloud backup and online storage". Macworld. Retrieved October 19, 2012.
  38. ↑ Rinnen, Pushan; Russell, Dave; Dayley, Alan (October 9, 2012). "Critical Capabilities for Enterprise Endpoint Backup". Gartner. Retrieved October 25, 2012.

External links

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