TORONTO, ON – May 5, 2015 — / — 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,, 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.

Product Information
The latest releases of the Data Deposit Box cloud products and software are now completely integrated with Caringo Swarm storage software to create the industry’s most cost effective and complete private cloud backup and recovery solution for MSPs and private enterprises. The combined software package provides customers with a comprehensive endpoint backup and recovery solution, guarding from data leakage and protection concerns. Administrators can capture and recover data that was left unprotected on BYOD devices, corporate laptops, tablets and any device that would permit the capturing, editing and sharing of corporate data.

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
Caringo was founded in 2005 to change the economics of storage by developing software designed from the ground up to solve the issues associated with relentless data growth. Today Caringo software is the foundation for web-scale storage solutions at some of the world’s largest and most secure organizations. For more information, visit or email

About Caringo Swarm
Caringo’s flagship product, Swarm, decouples data from applications and hardware, providing a platform for continued data access and analysis that continuously evolves while guaranteeing data integrity. Swarm installs on any standard (x86) hardware transforming it into a highly reliable pool of resources that adapts to any workload or use case. With a focus on ease of management, scalability, efficiency and compliance, Swarm is ideal for ensuring data is protected and accessible for decades to come.

About Data Deposit Box
Data Deposit Box, a pioneer of cloud backup and recovery technology, has set a new industry standard by providing the SMB market with the same level of security and protection that is available to large enterprises. Data Deposit Box patented backup technology, known for its Exabyte scalability, advanced data reduction capabilities and ease-of-use, has won prestigious industry awards and has been featured in many key industry publications.

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

Shares Outstanding: 28,546,306

Forward-looking Information
This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

Investor Inquiries
W. Clark Kent
Corporate Development
Telephone: 647-519-2646

Source: Data Deposit Box