IPO Lock-up Termination. At the opening of regular trading on Wednesday, September 11, 2024, the lock-up and market stand-off agreements executed by Rubrik’s directors, officers, and holders of substantially all of Rubrik’s common stock and securities exercisable for or convertible into Rubrik’s common stock will terminate in accordance with their terms.
Rubrik was recognized as a Leader in Gartner's 2024 Magic Quadrant for Enterprise Backup and Recovery Software Solutions for the fifth consecutive year. Rubrik was positioned furthest in Completeness of Vision, highlighting its innovative approach to data protection. CEO Bipul Sinha expressed that this recognition reflects Rubrik’s commitment to its 6,100+ customers, emphasizing the importance of cyber resilience and protection against cyberattacks. The company has built a reputation as a trusted partner in securing data and maintaining operational continuity for enterprises globally. The Gartner report noted that the enterprise backup and recovery landscape is evolving rapidly, with advancements in ransomware detection, generative AI integration, and multicloud protection. Gartner predicts that by 2028, 90% of these solutions will include cyberthreat detection technology, and 75% will integrate generative AI to improve operations.
Rubrik announced a partnership with Mandiant, part of Google Cloud, to strengthen data security and expedite threat detection and recovery processes. This collaboration integrates Mandiant's leading threat intelligence into Rubrik’s backup solutions, enabling organizations to detect threats within their backups and recover more quickly from cyberattacks, including ransomware.
Source: Rubrik.com, 8-12 August 2024
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