Bellevue data recovery and backup startup Doyenz has sold its rCloud business to a subsidiary of Persistent Systems Ltd., a 22-year-old Indian software development company with U.S. operations in Silicon Valley. The acquisition was announced through a posting on the Bombay Stock Exchange, though terms of the deal were not disclosed.
It’s unclear what the deal means for Doyenz. But it does come three months after the startup cut a substantial chunk of its workforce. At the time, founder and CEO Ashutosh Tiwary said that they made the cuts in order to align business priorities.
“We still have a substantial though smaller team that will continue to provide services to our substantial customer base,” he noted at the time. We’ve reached out to Tiwary and we’ll update the post if we learn more.
Last December, Doyenz, which had raised $10 million, employed more than 60 people. As of last March when it announced a new office in Boston, the startup had more than 3,500 customers who used the service to back-up and recover data.
Previously on GeekWire: Startup Spotlight: Road trip leads to disaster recovery startup Doyenz