Leonovus Announces New Production Customer as Resource Companies Continue Strategic Shift to Cloud Storage
OTTAWA, April 24, 2019 – Leonovus Inc., (“Leonovus”) (TSXV: LTV) (OTC: LVNSF) today announces the successful conversion of a proof of concept, originally publicized December 20, 2018, to a full product deployment customer.
The tremendous growth of unstructured data is driving the adoption of public cloud storage and is creating new challenges like securing data in the cloud, ensuring data integrity, maintaining control over encryption keys, silent subpoenas of data, data resilience and forensic audit support.
Leonovus with its next-generation multi-cloud data controller solution addresses this customer’s growing storage needs by leveraging cost-effective cloud storage rather than continuing to invest in expensive storage hardware for their data centres. Leonovus software has allowed them to introduce tiering of back-up and archive data to multi-cloud storage while maintaining security and ensuring data sovereignty. Using this hybrid cloud solution also enables them to extend their shared file storage capacity.
“By using Leonovus, the customer anticipates being able to liberate 50% of their current on-premises storage capacity for new applications and services,” said Michael Gaffney, CEO of Leonovus.
Leonovus is a multi-cloud data controller software solution that increases data security, aids in compliance, and delivers flexibility to adapt to an evolving storage and cloud landscape. The key benefits that Leonovus provides include:
- Data-centric security controls, independent of the underlying infrastructure that enable data mobility,
- Data encryption using enterprise-controlled keys,
- Assists with GDPR compliance for data stored in any cloud,
- Detailed audits of all data access across the distributed storage architecture,
- Real data sovereignty using our unique encryption, shredding and spreading approach,
- “Cloud RAID” that provides enhanced data resilience and recoverability via erasure coding,
- Reduced storage footprint through deduplication and erasure coding.
To learn more about Leonovus unique offer, visit us at www.leonovus.com.
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.
For More Information, please contact:
Leonovus Investor Relations
Christopher Benk, CPA, CA, CBV
VP Finance & Chief Financial Officer