Cleversafe Delivers a Strong Finish to 2010, Carries Success Momentum Into 2011

CHICAGO, Feb. 7, 2011 /PRNewswire/ -- Cleversafe Inc., the smarter equation for secure cloud storage, announced that 2010 was one of the most successful years in the company's history, and sets the organization up for a monumental 2011. Major milestones in 2010 included additional funding that exceeded the industry average in Q3, new additions to the management team and Technology Advisory Board, key partnerships, and industry accolades from the media and top analyst firms including Gartner and Wikibon.

(Logo: http://photos.prnewswire.com/prnh/20110104/NE23788LOGO )

"2010 was a remarkable year for us, and really sets us up for greater success in 2011," said Chris Gladwin, Cleversafe CEO. "We spent the past year helping organizations understand the benefits achievable with dispersed storage technology, and this year we'll look to scale our growth, both with ongoing development for object storage platforms, while also expanding into key markets such as government and public safety."

Notable highlights for Cleversafe in 2010 include:

• $31.4 million in Series C Funding – Led by new and original investors including Motorola Solutions Venture Capital, New Enterprise Associates (NEA), OCA Ventures, Alsop Louie Partners, and clients of Anderson & Strudwick, Inc., Cleversafe's funding far exceeded technology sector averages for Q3.
• Additions to Management Team and TAB –Francis Landolf, former chief of the cryptanalysis and exploitation services at the National Security Agency, joined the Cleversafe Technology Advisory Board, further extending the company's federal market expertise. Landolf serves as an advisor on a number of high level defense and intelligence related programs. Additionally, Cleversafe named Chad Thibodeau Director of Product Management, leveraging his previous experience with Compellent and Dell to streamline product management, focus on alliance partnerships and meet demand for Resilient Storage.
• Key Partnership with In-Q-Tel – Cleversafe announced a strategic investment and development agreement with In-Q-Tel (IQT), the independent strategic investment firm that identifies innovative technology solutions to support the missions of the U.S. Intelligence Community. This strategic partnership will enable Cleversafe's Cloud Storage platform to be used in supporting the missions of the U.S. Intelligence Community.
• CEO Named 2010 Storage Superstar – Chris Gladwin was honored by CRN magazine for pioneering storage technology that delivers highest security and scalability for massive digital archives and cloud-based systems.
• Recognized by Leading Industry Watchers – Wikibon awarded Cleversafe with the CTO award for Best Storage Technology Innovations of 2010 for the introduction and advancement of dispersed storage technology. Additionally, Cleversafe was classified as an emerging vendor within the emerging cloud-oriented object-based storage in Gartner's "Emerging Technology Analysis: Object-Based Storage Targets Cloud Storage Infrastructure" and was named a sample vendor in Gartner's Hype Cycle for Storage Technologies, 2010.  

Resources:

Cleversafe Management Team: http://www.cleversafe.com/company/management-team

Cleversafe Blog: http://dev.cleversafe.org/weblog/

Get Involved:

Follow Cleversafe on Twitter:

http://twitter.com/cleversafe

About Cleversafe

As technology evolves, there's always a better way to store, secure, and distribute your information. Imagine hiring the smartest masterminds on the planet to be sure you always have the right answer to the changing equations of choice. For organizations that value a partner who is always a step ahead, Cleversafe delivers proven technology to handle today's challenges and tomorrow's opportunities, always providing you with the right answer.

Cleversafe.

The Smarter Equation.

To learn more about Cleversafe and its solutions, please visit www.cleversafe.com, call 312-423-6640 or email us at [email protected].

SOURCE Cleversafe