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Acquisition Takes CX to over 3.5 Million Registered Users
PALO ALTO, Calif., July 21, 2011 –/PRNewswire/– CX Inc. today announced the acquisition of FileDen, an innovator in online file storage and universal file extension linking/sharing solutions, from myCloud Holdings, a Vancouver based value-added investor. FileDen technologies allow all file extensions to be uploaded and shared while providing direct linking. With the addition of FileDen solutions, CX’s comprehensive platform will further enhance the ability of all FileDen customers to save their data online and access it anywhere in the world, from any computer or their iPod, iPad, Droid or Blackberry. CX currently offers customers 10 gigabytes of storage space and creates a safe, secure and easy way to backup, sync, share, and access files from any location.
CX now has more than 3.5 million users throughout the world.
“Looking at a feature to feature comparison of FileDen and CX offerings, consumers will note that the feature set is essentially similar but the FileDen user experience and data security will be significantly enhanced by transitioning to CX,” said Brad Robertson CEO of CX. “Together, CX and FileDen will deliver easy to use and effective solutions from image hosting to secure online backups without having those annoying downloads. FileDen even has an MP3 Convertor for music enthusiasts that want to store their music in the cloud while remaining independent of e-retailer tied storage solutions.”
CX and FileDen will facilitate a seamless transition for current FileDen users.
“When CX approached us, we knew from their investment in creating a leading edge cloud platform that they are serious about establishing a significant market share in the cloud computing space,” said Mike Lindenau, CEO of myCloud Holdings. “The investment backing available to CX will allow us to develop and deploy secure cloud based technologies into a vast array of new markets; we see CX as a trailblazer for affordable high quality consumer and small business solutions and this acquisition will merge our efforts proving potential for exponential growth in the combined user base,” he added.
With this acquisition, FileDen becomes a wholly owned subsidiary of CX Inc. No employees will be displaced by the acquisition.
SOURCE: CX Inc.
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