What is Ontrack?
Ontrack, founded in 1985 and headquartered in Eden Prairie, Minnesota, operates as a specialized data recovery and data destruction business under the umbrella of KLDiscovery. KLDiscovery itself is a global provider of comprehensive e-discovery, information governance, and data recovery solutions. Ontrack's core competency lies in its ability to retrieve lost, deleted, or corrupted data from a wide array of storage media, as well as providing secure data destruction services to meet compliance and security mandates. The company serves a diverse clientele, ranging from individuals to large enterprises, facing critical data loss scenarios or requiring certified data sanitization.
How much funding has Ontrack raised?
Ontrack has raised a total of $410M across 1 funding round:
Private Equity
$410M
Private Equity (2016): $410M with participation from The Carlyle Group
Key Investors in Ontrack
The Carlyle Group
The Carlyle Group is a global investment firm with a significant track record in private equity, known for backing established companies across various sectors to drive strategic growth and operational improvements.
What's next for Ontrack?
The substantial enterprise-level funding and recent strategic investment signal a period of accelerated growth and potential expansion for Ontrack. This capital infusion is likely to be directed towards enhancing its technological capabilities, expanding its service offerings in data recovery and destruction, and potentially broadening its global footprint. As a key player in the data lifecycle management sector, Ontrack is well-positioned to capitalize on the increasing volumes of data generated and the growing regulatory emphasis on data security and privacy. Future developments may include advancements in AI-driven data recovery techniques and more sophisticated data destruction methods to address evolving digital threats and compliance landscapes.
See full Ontrack company page
