A new partnership for cloud-based risk management, disaster recovery and business continuity has been announced between Lam Cloud and Risk Master, Inc. The companies are working together to enhance Lam Cloud’s portfolio of managed workplace services using Risk Masters’ unique expertise and offerings.
Lam’s Flexible Workplace, Disaster Recovery and Business Continuity offerings are geared toward small and mid-size businesses (SMBs). The companies will join their shared experience to work directly with Lam customers on designing a custom recovery architecture that best meets their specific needs.
The service providers will determine which technologies need to be implemented as well as the timing for implementation and will also develop custom processes and provide training to companies so they are prepared to combat unplanned business interruptions. Lam will also offer customers a thorough analysis of their business continuity needs by providing assessments, requirement audits, business impact analyses and planning and training services in tandem with Risk Masters.
"Partnering with Risk Masters reinforces Lam Cloud's commitment to address the important needs not yet addressed by today's IT and WR/DR establishments," said Lawrence Lam, founder and president of Lam Cloud. "In collaborating with providers, we seek out those who have exceptional business experience and understand the need to deliver strategic, efficient and cost-effective disaster recovery and business continuity solutions. Risk Masters complements and bolsters Lam Cloud's Disaster Recovery, Business Continuity and Disaster Recovery portfolio of offerings."
Cloud-based disaster recovery and business continuity systems are rapidly gaining market traction and adoption as SMBs in particular recognize the benefits of a “pay-as-you-go” model of service delivery. Smaller companies are also realizing the tremendous financial impact that downtime can have on their business and are turning to cloud providers and MSPs to provide solutions. Research and Markets forecasts the global market for recovery-as-a-service (RaaS) as well as cloud-based business continuity will reach $5.77 billion by 2018, creating major opportunities for business continuity and risk management specialists.
"Poor financial performance, decreased productivity, brand/reputation damage and loss of customer loyalty can result from a business disruption and depending on the degree, could destroy a company,” added Steven Ross, executive principal at Risk Masters, Inc. “Therefore, we understand the importance of planning for prevention."
Edited by
Cassandra Tucker
