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TORONTO, ON – May 5, 2015 — /BackupReview.info/ — Data Deposit Box Inc. (the “Company”) (CSE: DDB, Frankfurt: 2DD), a global provider of cloud backup and recovery technology is pleased to announce it has entered into a definitive OEM agreement with Austin, Texas based software developer Caringo Inc.
The new agreement and solution will see Caringo’s highly scalable Swarm object storage technology bundled and integrated with the Data Deposit Box cloud backup and recovery solutions.
Caringo software is the foundation for web-scale storage solutions for the US Department of Defense, British Telecom, the Brazilian Federal Court System, City of Austin, Telefonica, Ask.com, Johns Hopkins University and hundreds more worldwide.
“Partnering with Caringo to bring an enterprise level endpoint offering to market will demonstrate the breath and scalability of the Data Deposit Box service. Our MSP solution is now infinitely scalable with Caringo as our primary storage solution,” said Tim Jewell, CEO & Founder, Data Deposit Box Inc.
“Our combined offering provides a comprehensive cloud backup and recovery solution that meets regulatory demands for devices and corporate data. Our customers can now use the complete business protection solution within their own organization or use our combined offering to develop new revenue streams. We look forward to a successful relationship with DDB,” said Mark Goros, CEO of Caringo.
As a cohesive capture and recovery system, the newly-branded Caringo service ensures that data protection, compliance and integrity are maintained to satisfy stringent regulatory mandates, such as SEC17a4 and the Sarbanes-Oxley Act, that govern the retention of business records and communications. The solution supports 448bit data encryption (on device, in transit and at rest) and focuses on administrative simplicity of the environment allowing for multiple petabytes to be managed by a single IT resource alleviating management headaches and ensuring data compliance on a global scale.
About Caringo Swarm
About Data Deposit Box
Data Deposit Box technologies and solutions are currently used daily by over 200,000 customers, 1,000 resellers, 25 MSPs and private label partners for online backup and recovery, archiving, disaster readiness, secure file sharing and remote access.
The Company’s 2014 audited financial statements were recently filed showing revenue of $ $5,009,764 CAD and adjusted EBITDA of $886,112. These financials can be found on the Data Deposit Box’s SEDAR profile labeled as “Financial statements of RTO acquirer” on www.sedar.com
Shares Outstanding: 28,546,306
Source: Data Deposit Box
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