Code42

This is a good article. Click here for more information.
From Wikipedia, the free encyclopedia
Code42
TypePrivate
IndustrySoftware
FoundedJune 27, 2001; 21 years ago (2001-06-27)[1]
Founders
  • Matthew Dornquast
  • Brian Bispala
  • Mitch Coopet
HeadquartersMinneapolis, Minnesota, U.S.
Key people
Products
Websitewww.code42.com

Code42 is an American cybersecurity software company based in Minneapolis specializing in insider risk management.[7][8][9][10] It is the maker of the cloud-native data protection products Incydr and CrashPlan.[11] Code42’s Incydr is a SaaS data-loss protection product.[8][11] Incydr is designed to help enterprise security teams detect insider risks to data that could lead to data leak and data loss and insider threat breaches, and respond to them appropriately.[8][11] Code42’s CrashPlan for Small Business is cloud data backup and recovery software.[11]

History[edit]

Code42 was founded as an IT consulting company in 2001,[12][13] by Matthew Dornquast, Brian Bispala, and Mitch Coopet.[14] 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".[15]

Some of Code42's first projects included a redesign of Sun Country Airlines’ website in 2002,[12] a project for the retailer Target Corporation,[16] and the ticket booking engine for Midwest Airlines.[13] Income from the IT services business was used to fund product ideas for six years.[17]

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,[16] creating CrashPlan in 2007.[12]

In June 2011, Code42 acquired a Minneapolis-based mobile development company, Recursive Awesome LLC, to support its software on mobile devices.[18][16]

In 2012, Code42 raised $52.5 million in funding.[19][14][20] The funding was the first[17] distribution from a $100 million pool established in 2011 by Accel Partners to fund Big Data companies.[21]

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.[22][23]

On August 22, 2017, Code42 announced they were shutting down CrashPlan for Home, effective in October 2018. They were not accepting new subscriptions but would maintain existing subscriptions until the end of their existing subscription period, at which point the backups would be purged. The Home plans had been replaced by CrashPlan for Small Business, which are business-focused, although still possible to use for private purposes.[24] Backups to friends/family are not supported in the new product, the company explained: "As we shift our business strategy to focus exclusively on enterprise and small business segments, you have two great options to continue getting the best backup solution.".[25]

In September 2020, Code42 launched its Incydr data risk detection and response product, a SaaS data protection tool for enterprises.[26] Incydr allows security teams to effectively mitigate file exposure and exfiltration risks without disrupting legitimate work and collaboration.[26] Incydr guards intellectual property, source code and trade secrets.[26] Incydr is Code42’s flagship product.[27]

Also in September 2020, Code42 leaders Joe Payne, Jadee Hanson, and Mark Wojtasiak, co-authored and published the book Inside Jobs: Why Insider Risk is the Biggest Cyber Threat You Can’t Ignore.[28] The book explores the problem of insider risk, what drives it, why they believe traditional methods of protecting company data are inadequate and what security leaders can do to keep their data secure.[28]

Business[edit]

As of April 2011, 80% of Code42 Software’s revenue comes from business customers. Most of the remainder comes from consumers[12][13] and a small portion from service provider partners.[15] It was reported in 2012 that Code42 had been profitable each year since it was founded.[19][15] It grew from $1.4 million in revenue in 2008 to $11.46 million in 2010 and $18.5 million in 2011.[29] In 2020, Code42's SaaS business was $100 million annually.[27] As of 2012, the company had backed up 100 petabytes of data and processed 100 billion files a day.[14]

Products and services[edit]

Code42 is the maker of the Incydr data loss detection and response product.[11] It allows security teams to mitigate file exposure and exfiltration risks without disrupting collaboration.[11] Incydr comes in two plans: Basic and Advanced.[11]

Incydr displays information about what data is relevant, including how, when and where that data is moving, and who is moving it.[11] It monitors the creation, deletion, modification and movement of all files, whether the activity is within a company’s security protocols or not.[11] Even though Incydr monitors all file activity, it distinguishes between acceptable team collaboration and file sharing and events that represent risks to businesses.[11]

Code42 also is the maker of cloud backup and recovery software CrashPlan for Small Business.[11][30] CrashPlan backs up data to remote servers or hard drives.[31] It is available on Mac, Windows and Linux.[32][33] As of 2018, backup to other computers is no longer supported.[25][34]

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.[32][31][35]

Around 2012, 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.[36][37] However this Seeded Backup service was no longer offered in 2016; neither was 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.[38]

With CrashPlan, Data is encrypted,[39] password-protected and stored in a proprietary format. There is also an option for a more secure private key.[31][36] Corporate users in 2012 that had CrashPlan PROe back up to private servers instead of Code42's data centers in four out of five cases.[17] In 2012, the software had an option to create a private on-site backup server.[40]

In 2013, Code42 developed, released and marketed a file sharing service called SharePlan.[41][42] According to the Star Tribune, it competed with DropBox, but SharePlan used a PIN to access files and track users.[42][43]

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.[44] 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.[45] Shareplan was discontinued in August 2015.[46]

In a comparative review published in 2015 in The Wall Street Journal, Geoffrey Fowler observed CrashPlan was his favorite out of the four services evaluated. He observed it lacked "fine print", whereas some of the other services charged additional fees for basic features or weren't really unlimited.[47] PC Magazine in 2017 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."[48]

A 2012 product review on MacWorld gave CrashPlan a rating of 4.5 out of 5,[49] and Gartner, in 2012, gave the enterprise version, CrashPlan PROe, an "excellent" rating.[50] All Things Digital praised CrashPlan for its operating system support and configuration options.[31] Also in 2012, Ars Technica said CrashPlan had better features and pricing options than its competitors.[40]

See also[edit]

References[edit]

  1. ^ "Code42.com WHOIS, DNS, & Domain Info – DomainTools". WHOIS. Archived from the original on 2021-10-30. Retrieved 2016-10-02.
  2. ^ a b Ramstad, Evan (July 14, 2015). "Code42 taps software exec Payne as CEO". Star Tribune. Archived from the original on August 1, 2020. Retrieved July 27, 2015.
  3. ^ a b World, Network (July 15, 2015). "Code42 snags ex-Eloqua CEO Joe Payne". Network World. Archived from the original on June 12, 2018. Retrieved July 27, 2015.
  4. ^ Muskett, Lauren (18 February 2022). "CFOs On the Move: Week Ending February 18". cfo.com.
  5. ^ "6 charts to understand the coronavirus impact on IT". Archived from the original on 2020-12-26. Retrieved 2020-07-13.
  6. ^ "How to Securely Scale Insider Threat Management Without Putting Data at Risk: CTO View". Archived from the original on 2020-07-29. Retrieved 2020-07-13.
  7. ^ Dreyfuss, Joel (December 17, 2019). "The hacker behind your company's data breach may be sitting right in the next cubicle". CNBC. Archived from the original on January 9, 2021. Retrieved January 7, 2021.
  8. ^ a b c Anthony, Neal St. (May 9, 2020). "Some Minnesota tech companies are still hiring, for now". Star Tribune. Archived from the original on November 29, 2020. Retrieved January 7, 2021.
  9. ^ Care, Jonathan; Predovich, Brent; Furtado, Paul (December 30, 2020). "“Gartner Market Guide for Insider Risk Management Solutions". Gartner, December 30, 2020. pg. 8.
  10. ^ "Insider risk: Employees are your biggest cyberthreat (and they may not even know it)". VentureBeat. 2022-08-02. Retrieved 2022-08-09.
  11. ^ a b c d e f g h i j k Faulds, John (October 16, 2020). "Incydr by Code42 data loss prevention". TechRadar. Archived from the original on January 27, 2021. Retrieved January 7, 2021.
  12. ^ a b c d Coss, Kevin (April 15, 2011). "Code 42 breaks into the B-to-B market". BizJournals. Archived from the original on March 31, 2017. Retrieved October 1, 2012.
  13. ^ a b c Nelson, Todd (May 16, 2011). "Founder of data storage backup firm has a plan: Grow but stay put". Star Tribune. pp. 1D.
  14. ^ a b c Takahashi, Dean (January 17, 2012). "Code 42 Software raises $52.5M to raise profile for online backup". VentureBeat. Archived from the original on September 27, 2012. Retrieved September 30, 2012.
  15. ^ a b c Kovar, Joseph (January 18, 2012). "CrashPlan Cloud Storage Vendor Code 42 Grabs $52.5 Million In VC Funding". CRN. Archived from the original on August 1, 2020. Retrieved October 1, 2012.
  16. ^ a b c Stratton, Jeremy (August 27, 2011). "The Lessons of Code42: Software innovator Matthew Dornquast's tech-biz wisdom". The Minneapolis Post. Archived from the original on August 18, 2020. Retrieved October 1, 2012.
  17. ^ a b c Higginbotham, Stacey (January 17, 2012). "Meet Code 42, Accel's first Big Data Fund Investment". GigaOm. Archived from the original on August 2, 2020. Retrieved October 1, 2012.
  18. ^ Stych, Ed (June 1, 2011). "Code 42 buys mobile app firm that works with Best Buy". Minneapolis Business Journal. Archived from the original on October 28, 2013. Retrieved October 1, 2012.
  19. ^ a b McBride, Sarah; Gary Hill (January 18, 2012). "Carbonite rival Code 42 raises $52.5 million". Reuters. Archived from the original on October 4, 2013. Retrieved October 1, 2012.
  20. ^ Grayson, Katharine (April 6, 2012). "VC investment climbs higher". Minneapolis Business Journal. Archived from the original on November 6, 2013. Retrieved October 18, 2012.
  21. ^ Grant, Rebecca (September 20, 2012). "Origami Logic in process of folding up $8M in funding". VentureBeat. Archived from the original on September 25, 2012. Retrieved October 1, 2012.
  22. ^ Ramstad, Evan (October 6, 2015). "Software maker Code42 raises $85 million from investors". Star Tribune. Archived from the original on November 27, 2020. Retrieved October 13, 2015.
  23. ^ Miller, Ron (October 6, 2015). "Code42 Snares Huge $85M Series B Investment". TechCrunch. Archived from the original on November 8, 2020. Retrieved October 13, 2015.
  24. ^ Clover, Juli. "Popular Backup Solution CrashPlan Discontinuing Personal Subscriptions". Archived from the original on 2020-11-29. Retrieved 2018-06-08.
  25. ^ a b "Important Changes to CrashPlan for Home Service". crashplan.com. Codefortytwo Software. Archived from the original on 2017-08-23. Retrieved 2017-08-22.
  26. ^ a b c Barker, Ian (September 16, 2020). "New tool helps protect enterprises from insider threats". BetaNews. Archived from the original on December 2, 2020. Retrieved January 7, 2021.
  27. ^ a b Tsidulko, Joseph (November 11, 2020). "Code42 Goes All-In On Channel With Industry Veteran As New Channel Chief". CRN. Archived from the original on December 5, 2020. Retrieved January 7, 2021.
  28. ^ a b Payne, Joe; Hanson, Jadee; Wojtasiak, Mark; Kurtz, George (2020). Inside Jobs. Simon and Schuster. p. 5. ISBN 9781510764491. Archived from the original on 2021-10-30. Retrieved 2021-01-07.
  29. ^ "Code 42 Software". Inc. Magazine. 2011. Archived from the original on November 2, 2012. Retrieved October 18, 2012.
  30. ^ Mahoney, Kevin (October 3, 2013). "Fast-Growing MN IT Co. Will Compete With Dropbox". Twin Cities Business. Archived from the original on January 17, 2015. Retrieved February 25, 2015.
  31. ^ a b c d Boehret, Katie (February 14, 2012). "For Backup, You've Got a Friend, Family or Cloud". All Things D. Archived from the original on April 20, 2015. Retrieved October 19, 2012.
  32. ^ a b Nadel, Brian (February 8, 2012). "CrashPlan review". Computerworld. Archived from the original on February 15, 2012. Retrieved October 19, 2012.
  33. ^ "Solaris Platform Retirement". support.code42.com. August 13, 2015. Archived from the original on July 20, 2015. Retrieved August 15, 2015.
  34. ^ Scheier, Robert (March 12, 2012). "Mobile apps: The IT pro's new power tools". InfoWorld. Archived from the original on January 6, 2014. Retrieved February 26, 2015.
  35. ^ Needleman, Rafe (January 24, 2007). "Back up your mom with Crashplan". CNET. Archived from the original on October 24, 2012. Retrieved October 19, 2012.
  36. ^ a b Fleishman, Glenn (September 7, 2009). "Online backup services". Macworld. Archived from the original on November 16, 2014. Retrieved October 19, 2012.
  37. ^ Lawson, Corrina (March 31, 2012). "CrashPlan Saves Your Files in Multiple Places". WIRED. Archived from the original on October 14, 2012. Retrieved October 19, 2012.
  38. ^ "CrashPlan PRO FAQs". Code 42 support. Code42 Software Inc. 22 Apr 2016. Archived from the original on 22 November 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.
  39. ^ Needleman, Rafe (April 3, 2009). "How Safe Is Your Data In "The Cloud"?". CNET. Archived from the original on December 20, 2011. Retrieved October 26, 2012.
  40. ^ a b Cunningham, Andrew (May 18, 2012). "Hands-on with CrashPlan: cloud backup for all". ArsTechnica. Archived from the original on October 24, 2012. Retrieved October 19, 2012.
  41. ^ Eddy, Nathan. "Code42 Introduces Private-Cloud File Sharing". eWeek. Retrieved February 25, 2015.
  42. ^ a b Mahoney, Kevin (October 3, 2013). "Fast-Growing MN IT Co. will compete with Dropbox". Twin Cities Business. Archived from the original on October 4, 2013. Retrieved October 4, 2013.
  43. ^ Ramstad, Evan (October 7, 2014). "Code42 expects sales growth with file-sharing product". Star Tribune. Archived from the original on February 13, 2015. Retrieved February 25, 2015.
  44. ^ McGreevy, Lisa (October 7, 2014). "Code42 announces new version of SharePlan with flexible cloud options". FierceContentManagement. Archived from the original on April 2, 2015. Retrieved February 28, 2015.
  45. ^ Eddy, Nathan (December 9, 2014). "Code42 Adds Security Features to Edge Platform". eWeek. Retrieved February 28, 2015.
  46. ^ Grayson, Katharine (August 6, 2015). "Code42 to stop selling once-touted SharePlan file-sharing product". Minneapolis / St. Paul Business Journal. Archived from the original on August 8, 2015. Retrieved August 7, 2015.
  47. ^ Fowler, Geoffrey (March 3, 2015). "The Best Way to Back Up Your Computer". The Wall Street Journal. Archived from the original on March 6, 2015. Retrieved March 4, 2015.
  48. ^ Muchmore, Michael. "Crashplan". PC Magazine. Archived from the original on October 30, 2021. Retrieved March 4, 2015.
  49. ^ Yamshon, Leah (May 16, 2012). "CrashPlan+: Reliable cloud backup and online storage". Macworld. Archived from the original on October 15, 2012. Retrieved October 19, 2012.
  50. ^ Rinnen, Pushan; Russell, Dave; Dayley, Alan (October 9, 2012). "Critical Capabilities for Enterprise Endpoint Backup". Gartner. Archived from the original on October 5, 2013. Retrieved October 25, 2012.

External links[edit]