Copenhagen, Denmark–(BUSINESS WIRE)–Keep itthe market leader in cloud backup and recovery, and the world’s only standalone, independent cloud dedicated to Software-as-a Service (SaaS) data protection, with a blockchain-verified solution, released today today the results of a Total economic impactMT (TEI) study conducted by Forrester Consulting, a division of Forrester Research. Commissioned by Keepit, the study assesses the potential economic impact for companies that use the company’s data protection services. The study found that through benefits such as reduced audit and litigation costs and reduced negative outcomes from potential ransomware attacks, Keepit delivers substantial financial and strategic value to its customers.
Based on interviews with five Keepit customers in various industries, Forrester generated a composite organization from which it produced a financial model that depicted the potential risk-adjusted cost savings over three years from using Keepit. TEI has determined that Keepit offers a 78% return on investment (ROI) and a six-month payback period, for savings that can be quantified. Additionally, Keepit customers have experienced reductions in the following:
Audit and legal fees
SaaS license costs
Archiving and labor costs
IT administrator relocation and efficiency in restoring operations and loss of productivity.
A Keepit customer had this to say: “My best guess [of the beneficial impact we expect Keepit to have in the event of a ransomware attack] is between 20 and 40% cost reduction and a lot of time. In real money, this could be between €55,000 and €550,000.
Another revealed: “Keepit doesn’t prevent ransomware attacks, but it does ensure you’re back up and running quickly.”
“The TEI study that Forrester conducted for Keepit lists the potential cost savings and value that our technology and people have created for partners and customers,” said CEO Frederik Schouboe. “And the benefits go beyond what was analyzed in the study. Although Forrester did not include a ransomware attack as a quantifiable cost in its findings, the TEI calculated the theoretical cost of a ransomware attack at $3.5 million in earnings before interest, taxes, depreciation, and amortization. Combined with the rest of the results, highlighting the potential cost supports the study’s conclusion that Keepit’s standalone data protection and recovery tool is a worthwhile investment from a financial, operational, and business perspective. , security and recovery.
Additional unquantified benefits that customers experienced included:
Improved regulatory and industry compliance
Increased organizational flexibility and agility
Avoid additional on-premises backup costs, including regular maintenance and upkeep of servers and software
Reducing the impact of SaaS outages
Transparent and predictable pricing; Keepit charges are based on an all-inclusive monthly fee per user.
To learn more about the economic and operational benefits that customers and partners can expect to derive from using the Keepit platform, download the full version Forrester TEI study here.
Keepit is a software-as-a-service company that provides dedicated data protection for businesses whose data is stored in the cloud. Keepit is the world’s only neutral and independent cloud dedicated to SaaS data protection. Headquartered in Copenhagen with offices and data centers around the world, Keepit is trusted by thousands of businesses around the world to protect and manage their cloud data. For more information, visit www.keepit.com or follow Keep it | LinkedIn.