VMware continued its buying spree today with a deal to acquire Datrium to boost its cloud-based disaster recovery.

The companies did not disclose terms of the deal. But the Sunnyvale, California-based startup has raised $112 million in funding since 2012. This includes a $60 million Series D round two years ago.

Datrium is already a VMware partner and offers disaster recovery-as-a-service (DRaaS) with VMware Cloud on Amazon Web Services (AWS). This service provides incremental backups that are encrypted, deduplicated, and stored in AWS S3.

After the acquisition closes, VMware will integrate Datrium’s technology into its VMware Cloud portfolio and boost its Site Recovery disaster recovery service, said John Gilmartin, SVP and GM of VMware’s Cloud Platform business unit, in a blog post. “This is a significant move forward to help customers build hybrid clouds by combining the consistent infrastructure and operations of VMware Cloud with Datrium DRaaS to reduce the cost and complexity of business continuity,” he wrote.

DRaaS, is the fastest growing segment for data protection use cases with a $4.5 billion market growing at a 15% compound annual growth rate, Gilmartin said, citing an IDC report. “DRaaS is ideally suited to the hybrid cloud model where cloud economics and flexibility match the infrequent but unpredictable characteristics of disaster scenarios,” he added.

The deal marks VMware’s third acquisition in as many months. In May, it announced plans to buy Kubernetes security startup Octarine. And last month it bought Lastline in a move that will add network detection and response to its security portfolio.

VMware CEO Pat Gelsinger gave a talk at the Bank of America 2020 Global Technology Conference last month during which he said the COVID-19-related economic upheaval would undoubtedly lead to a lot of smaller tech companies being scooped up by larger buyers — like VMware.

“We’ve been through cycles before, and some companies, they’re not going to make it,” he said. “Some of them are going to be great bargain-basement buys for us to do acquisitions.”

This is not to say that Datrium was a bargain-basement buy. In February, the company announced “record business growth” driven its Datrium DRaaS with VMware Cloud on AWS service. It reported an increase of 450% in its disaster recovery customers in the second half of 2019 over the first half of the year.

And while the pandemic hadn’t yet upended the market in February, if anything it magnified the need for cloud-based disaster recovery as the year has progressed.

However, it’s a safe bet that VMware’s shopping spree won’t stop anytime soon and that it’s still looking for some pandemic-induced steals.