OTTAWA, April 24, 2019 /CNW/ - 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.
About Leonovus
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.
SOURCE Leonovus Inc.
