CX Announces Acquisition of FileDen

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.

For more information about CX, please visit: www.cx.com or follow them on twitter @cxthecloud or at www.facebook.com/cxthecloud.

About CX

CX is a cloud storage and data file management system that provides users with a secure, stable, scalable platform to backup, synchronize, share, and manage their documents, photos and music, videos across all of their devices - which includes desktops, laptops, netbooks, and mobile devices (iPad/iPhone/iPod Touch, Android, and BlackBerry). The company, with offices in Phoenix/Scottsdale, Palo Alto, Calif. and Buenos Aires, Argentina is backed by Hanna Capital and Tomorrow Ventures. The company left Alpha in early January 2011 and within weeks was adding 15,000 new users a week to most recently over 25,000 users per week prior to the acquisition.

About FileDen

FileDen was established in April 2006 with the idea of producing a website that at that time did not exist - a free file host that allowed most any file extension to be uploaded and shared while allowing direct linking. FileDen's servers are now located in the Gnax data center, Atlanta. They run on a network of more than 20 servers - expanding monthly in order to offer the best service we possibly can. FileDen's users are supported by a growing operations team committed to managing the FileDen network, providing technical support and developing additional features and services.

SOURCE CX Inc.