Vault365 says new UK partnership will generate €585,000 in revenue 

Cillian McCarthy, CEO of Vault365.

Data protection services firm Vault365 says a new UK partnership will generate €585,000 in revenues for the company over the coming year. 

Vault365 announced the new partnership with IT solutions provider Newcorp on Wednesday, which will increase overall revenues for Vault365 in the UK by 20% in the next 12 months. Vault365 has offices in Cork and Dublin.

Newcorp will provide Vault365 LocalLock, a secure data backup appliance which stores critical business data on-premise, to its customer base across the UK. LocalLock prevents backed up data from being altered, overwritten, or deleted by cyber criminals. Newcorp’s customers operate in tightly regulated environments including healthcare, education, and local authorities, and the partnership will serve to strengthen Vault365’s existing presence in these sectors.

Vault365 launched its LocalLock appliance earlier this year. The system can continue to safeguard data offline even during network outages. Vault365 invested €250,000 in the development and rollout of LocalLock.

“As part of our continued expansion in the UK, we are delighted to welcome Newcorp as a Vault365 partner in the market. Newcorp’s deep understanding of the UK landscape makes it the perfect partner to deliver our LocalLock solution to organisations with complex compliance needs. For many businesses, cloud isn’t the only answer, and storing data securely on-site provides increased protection against ransomware and enables more control over sensitive data," said  Vault365 chief executive Cillian McCarthy.

Andrew Low of Newcorp, said: “The ability to securely store data locally is becoming ever more important to businesses and this partnership enables us to provide increased reassurance to customers that their data is protected and easily retrievable. As well as an advanced technology solution, customers will benefit from local support and expert technical guidance when it comes to securing their sensitive digital assets. We’re looking forward to continuing to grow the partnership and expand our Vault365 capabilities.”