OTTAWA, March 7, 2019 — Leonovus Inc., (“Leonovus or the Company”) (TSXV: LTV) (OTC: LVNSF) is shipping the latest release of its secure storage solution. With such innovative advancements as Smart Restore, Direct Download, Persisted Client Meta-data and a unified, Comprehensive Dashboard, this release clearly establishes the product’s role as a preeminent multi-cloud data controller.
These newest features of the multi-cloud data controller accelerate the enterprise’s journey to the cloud; improving efficiencies, reducing costs and eliminating complexities encountered in navigating the increasingly complex cloud landscape. Re-asserting the enterprise’s control over its data while maintaining the flexibility and longevity absolutely required by governance and regulation, Leonovus eliminates cloud-vendor lock-in and enhances cross-cloud migration.
This release of our multi-cloud data controller is also a foundational component of Leonovus’ strategy to ‘Uberize’ global cloud services for the enterprise and paves the way for the realization of the Galaxa Marketplace.
Smart Restore allows customers to prioritize the storage providers from which fragments will be retrieved when restoring data. This preferential reconstitution allows the enterprise to tune their policies according to their own priorities for example cost reduction or enhanced performance.
Direct Download eases integration transparency, eliminating the need for clients to be AWS S3 lifecycle management aware. It also accelerates content restoration to near-line speeds.
Persisted Client Meta-data offers a cloud-neutral mechanism across multiple clouds to associate and persist client generated meta-data with the content it describes. With this capability Leonovus enables the secure application of complex, multi-dimensional data classification. This results in support for broader and stronger integrations with data management, data classification and data analytics apps, by providing secure storage of content with corresponding analytics tags.
The new Comprehensive Dashboard simplifies operations for IT administrators in a multi-cloud environment. This single pane of glass interface clarifies and eases the management of on-premises, hybrid, and multi-cloud storage, offering orchestration and cross-cloud policy management. It extends security and governance controls across the entire infrastructure while increasing flexibility and reducing complexity – constraining loss and liability due to human factors when managing data over the long term. Such cross-cloud controls offer multi-faceted data protection including elevated data durability, availability, confidentiality and integrity via configurable erasure coding and distribution, customer-controlled encryption key management and WORM (write once read many) locking, among others. Identity and access management are also addressed independent of the multi-cloud footprint, through the enhanced dashboard.
“Going all-in with a single service provider could be an easy choice at the beginning but a huge risk in the long term”, says thought leading industry analyst Enrico Signoretti, “Leonovus has a compelling solution that associates a multi-cloud data controller with a strong set of security features.”
In today’s dynamic and ever-evolving cloud landscape, it is becoming increasingly difficult to predict, assess and control costs associated not only with the storage of data but accessing it as well. “Whereas, initially, cloud storage appears to be very compelling from the perspective of lower cost and increased agility, many organizations neglect the impacts of cloud complexities and the costs of data egress fees associated with accessing the data,” said Michael Gaffney, Chairman and CEO. “Our multi-cloud data controller with Smart Restore allows customers to keep costs in check by prioritizing retrieval of data from storage providers with lower or no data egress fees, while still benefitting from the lower storage cost and stronger availability, security and durability offered by a multi-cloud storage approach. With Smart Restore, we believe the Leonovus solution is even more uniquely positioned to enable customers to navigate the complexities of cloud storage costs.”
Leonovus is a cloud solutions software provider that offers the leading blockchain hardened hyper-secure software-defined object storage solution. Designed with the IT manager in mind, Leonovus’ patented algorithms encrypt, shred and spread data across a network of on-premises, hybrid or multi-cloud storage nodes – allowing for the most secure yet internally accessible form of object-based data storage across the entire solution. The advanced geo-distributed architecture minimizes latency, optimizes geo-availability, reduces remote backup costs and meets data sovereignty requirements. With its software and hardware agnostic design, Leonovus provides petabyte scalability and allows the enterprise to utilize its existing idle storage resources, extend the useable lifespan of depreciated resources and improve the enterprise’s overall ROI. To learn more, please visit www.leonovus.com and www.galaxa.com.
This press release may contain forward-looking statements and information, which may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with Leonovus’ growth, the state of the financial markets, regulatory risks and other factors. There can be no assurance or guarantees that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, Leonovus disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers should not place undue reliance on any statements of forward-looking information that speak only as of the date of this release. Further information on Leonovus’ public filings, including its most recent audited consolidated financial statements, are available at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Leonovus investor inquiries: