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New Foundry survey highlights need for immutable and segregated data storage
With 37% still relying solely on their SaaS application's native backup and growing concerns over data sovereignty, updating SaaS recovery plans is a priority COPENHAGEN, Denmark, August 20, 2025--(BUSINESS WIRE)--Keepit, the only vendor-independent cloud dedicated to SaaS data protection, today announced the results of its survey "Overlooked and under-protected: How the SaaS data gap threatens resilience". The survey of senior IT decision-makers revealed that 37% of respondents rely solely on native backup capabilities, leaving organizations at risk of data loss and disruptions. Immutable, physically segregated data storage is seen as paramount alongside growing concerns over data and digital sovereignty. In the survey, sponsored by Keepit and conducted by Foundry for CIO MarketPulse in April and May 2025, more than 300 senior IT decision-makers in the US, Europe and Asia-Pacific1 responded to questions related to the state of their businesses' SaaS data protection. The responses highlighted the need for immutable, independent backup to secure business continuity and revealed possible gaps in protection. Key findings: 37% of respondents rely solely on their SaaS applications native backup capabilities, leaving organizations at risk of data loss. 11% of respondents say it would take a month or more to recover data after a loss incident — or that they may not be able to fully recover at all. 61% of respondents highlight physically segregated storage as a key requirement for modern SaaS backup. 49% of respondents have experienced a major data loss event in the past year. "It's surprising — and concerning — that in 2025, 37% still rely solely on their SaaS application's native backup," says Niels van Ingen, Senior Vice President of Business Development and Strategy at Keepit. "First, most SaaS applications don't have native backup. SaaS vendors follow a 'shared responsibility' model: they're responsible for the systems and controls, while customers are responsible for their own data, accounts, and identities. Second, even when native backup is available, it's tied to the SaaS application itself — so if you lose access to the vendor or your account, you lose access to your data. That's why SaaS vendors themselves recommend using a third-party backup." Evolving requirements put pressure on how and where you store your data SaaS resilience now requires infrastructure that's purpose-built to withstand the current, increasingly complex threat environment. Growing concerns over data sovereignty and digital sovereignty is driving organizations to take a closer look at vendor architecture, dependence on global hyperscalers, the supply chain and use of sub-processors, and compliance requirements. Consequently, according to survey respondents, the top requirements for modern backup include: Physically segregated storage (62%) – Data stored separately from the SaaS provider's environment to ensure true independence in case of platform or region-level failure. Immutable, encrypted storage (59%) – End-to-end encryption and immutability that prevents tampering or unauthorized deletion, with deletion controls built in at the architecture level, not simply reliant on user roles. Granular access and deletion controls – To meet requirements from GDPR and new regulations such as the Digital Operations Resilience Act (DORA), organizations must be able to apply retention, access, and deletion policies with precision. "As the survey data makes clear, relying on native backup is no longer enough. Organizations need to ensure their data is protected independently, immutably, and in alignment with evolving sovereignty requirements. In today's environment, control over your data location and architecture isn't just an IT preference — it's a business imperative," says Niels van Ingen. Download the report here About Foundry, an IDG Inc. company: Foundry helps companies bring their visions to reality through a combination of media, marketing technologies and proprietary data on a global scale. Our intent data and martech platforms are powered by data from an owned and operated ecosystem of global editorial brands, awards, and events, all engineered and integrated to drive marketing campaigns for technology companies. Foundry is dedicated to generating and innovating with data, driving demand for technology marketers with 38 offices in markets around the globe. Foundry is a wholly owned subsidiary of International Data Group, Inc. (IDG), the world's leading tech media, data, research and marketing services company. To learn more about Foundry, visit About CIO CIO attracts the highest concentration of enterprise CIOs and business technology executives with unparalleled peer insight and expertise on business strategy, innovation, and leadership. CIO readers gain key insights on career development for themselves and their employees, including certifications, hiring practices, and skills development, along with a strong foundation in digital transformation of their businesses. Visit About Keepit Keepit provides a next-level SaaS data protection platform purpose-built for the cloud. Securing data in a vendor-independent cloud safeguards essential business applications, boosts cyber resilience, and future-proofs data protection. Unique, separate, and immutable data storage with no sub-processors ensures compliance with local regulations and mitigates the impact of ransomware while guaranteeing continuous data access, business continuity, and fast and effective disaster recovery. Headquartered in Copenhagen with offices and data centers worldwide, more than 18,000 companies trust Keepit for its ease of use and effortless backup and recovery of cloud data. For more information visit or follow Keepit on Linkedin. ________________________ 1 About the research Foundry and Keepit conducted an online survey, "Overlooked and under-protected: How the SaaS data gap threatens resilience" sponsored by Keepit, among 301 senior IT decision-makers. Respondents work for companies with 1,000 or more employees located in the U.S., Europe and Asia-Pacific. The research was conducted between April 20 and May 13, 2025. View source version on Contacts RedIron PR for KeepitKari Ritaccokari@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 minutes ago
- Yahoo
FlexGen completes Powin assets acquisition, enhancing storage support
Energy storage technology provider FlexGen Power Systems has closed the acquisition of assets and intellectual property (IP) from Powin. The move positions FlexGen as a major supporter of more than 25 gigawatt hours (GWh) of battery energy storage systems (BESS) across more than 200 sites in ten countries with its software and services. In early August 2025, the company received approval from the US Bankruptcy Court for the District of New Jersey for the acquisition. The acquisition enhances FlexGen's international standing within grid-scale storage solutions. It comes at a crucial time when energy infrastructures globally face increased demand for reliable performance. FlexGen CEO Kelcy Pegler stated: 'Batteries are critical to meeting the world's growing demand for affordable, reliable electricity. This is more than an acquisition – it's a reflection of FlexGen's commitment to immediate continuity and the future of grid-scale storage. 'FlexGen's proven operational excellence, hardware-agnostic software and commitment to innovation uniquely position us to maximise the value of these Powin assets today, while enhancing the reliability and performance of energy grids worldwide for years to come.' FlexGen has also strengthened its workforce by integrating former Powin team members. This ensures that customers experience seamless service continuity and retain critical technical knowledge for the supported systems. Existing clients of Powin will continue to receive consistent support without interruption, and have the opportunity to improve system uptime and longevity by transitioning to FlexGen's proprietary HybridOS platform alongside their comprehensive lifecycle services. Powin CEO Brian Kane stated: "Powin is proud of the technology and projects we've delivered. The goal was to ensure that those systems and customers are supported by an industry leader that provides the support and services enabling reliable, long-term operation. 'Based on their experience and reputation, and having collaborated with their team in recent days, we have full confidence that FlexGen is that leader.' In April 2025, Trina Storage partnered FlexGen to implement a 371 megawatt hour energy storage system in the US state of Texas. The project, developed by SMT Energy, showcases Trina Storage's cutting-edge Elementa 2 solution. "FlexGen completes Powin assets acquisition, enhancing storage support" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 minutes ago
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FAF reappoints Frederick Cannon to FASB
The Financial Accounting Foundation (FAF) Board of Trustees has confirmed the reappointment of Frederick Cannon to the Financial Accounting Standards Board (FASB). Cannon's initial five-year term began on 1 July 2021, and his new term will start on 1 July 2026, lasting until 30 June 2031. FAF chair Edward Bernard said: 'On behalf of the FAF Board of Trustees, I am pleased that Fred will continue to serve the FASB for a second term. 'An accomplished economist and financial analyst, Fred is well-versed in areas such as equity strategy, investor relations, and corporate communications,' 'His focus and meticulous approach have made him an important contributor to the Board.' Cannon has held the position of executive vice-president and global director of research at Keefe, Bruyette & Woods, a Stifel Company, where he oversaw global equity research and served on the board of directors for the KBW broker/dealer. FASB chair Richard Jones said: 'Over the past five years, Fred has brought to our discussions keen insights drawn from his experience as a former investment professional. 'His ability to understand and incorporate diverse views as part of our standard-setting process exemplify his commitment to our mission and I am very pleased he has accepted a second term on the Board.' Established in 1973, FASB is an independent organisation, which is responsible for setting financial accounting and reporting standards for public and private companies, as well as not-for-profit entities. Additionally, the FAF Board of Trustees has appointed Dalia Blass as the new chair of the Board and Erin Hill as the executive director of the foundation. Blass will begin her three-year term as chair on 1 January 2026, with the option for a second three-year term starting on 1 January 2029. She will replace Edward Bernard, the current chair, whose term concludes on 31 December 2025. "FAF reappoints Frederick Cannon to FASB" was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
