Responsible Investing Case Studies

Redstor: Responsible Investing In Action

Sector: B2B Software

Head office: UK

Acquisition date: January 2022

Headcount (Dec 2024): 140+

Redstor is a leading SaaS provider and backup and recovery software to MSPs and SMEs to help discover, manage and protect data across a broad range of environments.

Note: CyberSentriq is formed through the acquisition of TitanHQ and its merger with Redstor, a Bregal Milestone portfolio company since 2021.

Redstor’s proprietary, AI-powered, malware detection technology neutralizes threats before they become attacks. Scanning all existing backup data, it isolates, quarantines, and flags any suspicious files for review, and thanks to community insights, the solution gets better every day.

Sustainability Positioning & Opportunity

Redstor was identified as a high-potential company operating at the intersection of data protection, digital resilience, and low-carbon technology infrastructure. Its cloud-native backup and recovery platform addresses critical global needs: cybersecurity, climate-conscious IT, and secure digital transformation.

"One of the key strengths of our partnership with Bregal Milestone has been their strong commitment to ESG as a value creation lever. As we continue to diversify our workforce, there’s a growing desire to be part of an organization that not only delivers performance but also creates meaningful social impact. That alignment has been a strong connection point and a clear differentiator in our relationship with them as an investor."

James Griffin

CEO - Redstor

Enabling Cleaner Cloud Infrastructure Redstor’s 100% renewable-powered infrastructure enables clients to reduce emissions while scaling efficiently, positioning the company as a sustainable SaaS provider.

Enhancing Protection Against Cyber Risks Redstor protects critical data from ransomware and operational disruption, ensuring business continuity and building digital trust.

Improving IT Efficiency with Lower Impact Redstor supports smart data management, cloud migration, and reduced hardware dependency, enabling clients to modernize while minimizing environmental impact.

Key Developments & Highlights in 2024

Climate change

Redstor set a Science Based Target in 2022, to reduce its Scope 1 and 2 emissions in line with the 1.5°C pathway. The company remains on track to meet its target by 2030. Redstor has meaningfully reduced its direct emissions by procuring renewable electricity for its offices, including Renewable Energy Certificates (I-RECs) to offset electricity consumption from non-renewable sources in their Cape Town office. Additionally, Redstor has migrated its U.S. data centres to renewable alternatives.

To address value chain emissions, Redstor actively monitors material Scope 3 categories and is developing targeted reduction strategies. As part of this, in 2024, the company refined its travel policy to guide travellers to select low carbon options e.g. rail over air, and provided awareness training for employees on sustainability.

0.0

CARBON INTENSITY (TCO2E/€M)

2023: 0.4

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SCOPE 1 & 2 EMISSIONS (TCO2E)

2023: 7.9

Employee engagement and diversity

Since 2021, Redstor has conducted annual employee engagement surveys and continuously looks to translate feedback into action by implementing initiatives to improve employee satisfaction. As part of its talent development strategy, the company has launched a career mapping framework and training programme to support professional growth and career progression. Redstor has also created a Women’s Impact Network to promote women empowerment in the tech industry, offering mentorship opportunities to foster growth, learning and collaboration across all levels within the company. In addition, the “Redstories” programme was launched to enable employees to share their experiences with respect to diversity and inclusion.

EMPLOYEE NET PROMOTER SCORE

84%

EMPLOYEE ENGAGEMENT SURVEY PARTICIPATION

2023: 81%

28%

FEMALE DIVERSITY ACROSS THE WORKFORCE

UNADJUSTED GENDER PAY GAP

2023: 3%

Social impact

Committed to building engagement with local communities, Redstor implemented a “Community Action Rewards Everyone” programme in 2022, which gives all employees two dedicated days annually to volunteer. In 2024, Redstor’s employees volunteered a total of 150 days across several charities in the UK, South Africa and the US. Through the use of Bregal Helps Initiative, Redstor also launched the “Redstor Academy”, a digital skills programme based in South Africa that empowers young people from underprivileged communities by equipping them with technology-focused skills. To date, the programme has directly impacted 200 learners, 40 teachers and over 1,365 individuals indirectly.

Cybersecurity

In 2024, Bregal Milestone partnered with specialist advisory firm, Crosslake, to conduct a cybersecurity assessment for Redstor. The collaboration involved a comprehensive assessment designed to enhance resilience against evolving threats such as ransomware attacks, data breaches and email compromises. Redstor was evaluated as having a “mature” cybersecurity programme, and a roadmap was developed offering valuable insights and actionable recommendations which have since been implemented within the business

High