Thousand Oaks-based Casdex didn’t take long to jump off the blocks.
The company launched its first product in February. It provides an online document archiving service that gives small and mid-sized firms the same kind of backups that large enterprises use to protect against lawsuits and audits.
And after just a few months, Casdex inked a deal with Baja Fresh, the Thousand Oaks-based Mexican quick-food chain with more than 300 locations. Under the deal, announced in early November, Casdex will digitize and archive financial and human resources records for all the chain’s locations.
David Barley, Casdex’s chief technology officer and co-founder, said the company is just setting the table for bigger deals. Though he’s not releasing revenue figures, Barley said Casdex has about 50 customers and “three other large customers, very similar to Baja Fresh, that we’ll be announcing soon.”
Barley comes from a background in the financial services industry, where data backup and storage is a multibillion-dollar business. When he worked with clients such as Ford Motor Co., Merrill Lynch and Ameritrade, it was common to design a hardware-software archiving system that cost millions.
So when Barley decided he’d start his own business, “The thought process was pretty straightforward: If you’re working for a Fortune 500, you can afford a $5 million archive solution. But just because I’m not a Ford Motor Co. or a Morgan Stanley doesn’t mean I don’t have the same requirements. What tools are available to me?”