H.I.G. Growth Invests in SaaS Resilience Firm Rewind

H.I.G. Growth Partners has injected capital into Rewind Software Inc., a move signaling strong investor confidence in the burgeoning field of SaaS data resilience. The investment from the growth equity arm of global alternative investment firm H.I.G. Capital, which manages $75 billion, is set to accelerate Rewind's expansion and product development initiatives.

Based in Ottawa, Canada, Rewind has established itself as a critical player in safeguarding cloud-based business data. The company's platform offers robust backup, recovery, and business continuity solutions across 16 major SaaS applications, serving a customer base exceeding 25,000 organizations. This strategic backing arrives at a pivotal moment, with escalating AI adoption and the significant migration trend towards Atlassian's cloud offerings creating heightened demand for enterprise-grade data protection.

The increasing reliance on AI agents that can autonomously interact with and modify data within SaaS environments amplifies the imperative for comprehensive data backup and recovery strategies. Hans Sherman, Managing Director at H.I.G. Growth, highlighted this trend, stating, "As AI adoption accelerates, and autonomous agents are able to read, write, and act on data inside SaaS applications, the importance of backup and recovery grows exponentially." He further emphasized Rewind's role in addressing the data protection gaps left by native SaaS platforms, providing automated, compliant solutions essential for businesses navigating cloud migrations.

Rewind, founded in 2015, currently protects over 7 petabytes of business-critical data. Its comprehensive suite of resilience capabilities is designed for the AI era, incorporating schema-aware recovery and enterprise-grade governance. The company's commitment to security is underscored by its SOC 2 Type II and ISO/IEC 27001:2022 certifications, ensuring compliance with stringent regulatory requirements for its extensive client roster, which includes users of platforms like Jira, Confluence, GitHub, Shopify, QuickBooks Online, and monday.com.

Mike Potter, CEO of Rewind, expressed enthusiasm for the partnership, noting, "We’re thrilled to partner with H.I.G. Growth as we embark on this next stage of our journey and bring mission-critical solutions to enterprises around the globe." He specifically pointed to H.I.G. Growth's proven track record in scaling software companies, enhancing go-to-market strategies, and expanding channel partnerships as key alignment points with Rewind's strategic objectives.

This investment underscores a broader market trend where businesses are increasingly recognizing the vulnerability of their SaaS data. The complexity introduced by AI and the ongoing shift to cloud-native architectures necessitate sophisticated resilience solutions. H.I.G. Growth's focus on high-growth technology sectors, coupled with its substantial capital base, positions it as an ideal partner to help Rewind capitalize on this expanding market opportunity and solidify its position as a leader in SaaS resilience.