February 27, 2013
SEATTLE, Wash., Feb. 27 — Symform, a revolutionary, distributed cloud backup service, today announced record growth of its Global Cloud Storage Network in 2012, expanding its worldwide customer-base to 160 countries (up from 46 countries in 2011), and increasing the number of files stored by more than 220 percent. This network growth is the result of a momentous year for the company, which included introduction of a new 'Bytes or Bucks' pricing model, expansion of its executive team, numerous product enhancements and industry accolades, and attracting $11 million in Series B financing from Longworth Venture Partners, OVP, and WestRiver Management.
On the heels of these 2012 milestones, Symform has extended its success into the early part of 2013. In January, the company announced a strategic investment from Second Century Ventures, the investment arm of the National Association of Realtors, as well as the appointment of Mark Ashida, a long-standing Symform supporter and former OVP venture capitalist, as the company's new CEO.
"As an original seed investor in Symform, I've seen the company execute on and exceed its growth projections year after year. We've just begun to tap into the tremendous opportunity for bringing cost-effective and secure cloud services to the Prosumer and SMB markets using our distributed approach," said Ashida. "These milestones, including financing and expansion of the executive team, have positioned the company to accelerate our growth into 2013 and beyond."
Company highlights from 2012 include:
The Symform Cloud Storage Network is a better way to store and backup all of your data. As the world's first distributed and crowdsourced free online storage, Symform enables users to pay with bytes instead of bucks. Every business on the network contributes excess local drive space to the grid in exchange for secure, fast and reliable cloud data backup. Before data leaves the source device, it is encrypted and shredded, redundancy added, and then geo-distributed across the global network. With its proprietary and patented technology, Symform is building the world's largest virtual datacenter using existing Internet infrastructure.
10/30/2013 | Cray, DDN, Mellanox, NetApp, ScaleMP, Supermicro, Xyratex | Creating data is easy… the challenge is getting it to the right place to make use of it. This paper discusses fresh solutions that can directly increase I/O efficiency, and the applications of these solutions to current, and new technology infrastructures.
10/01/2013 | IBM | A new trend is developing in the HPC space that is also affecting enterprise computing productivity with the arrival of “ultra-dense” hyper-scale servers.
Ken Claffey, SVP and General Manager at Xyratex, presents ClusterStor at the Vendor Showdown at ISC13 in Leipzig, Germany.
Join HPCwire Editor Nicole Hemsoth and Dr. David Bader from Georgia Tech as they take center stage on opening night at Atlanta's first Big Data Kick Off Week, filmed in front of a live audience. Nicole and David look at the evolution of HPC, today's big data challenges, discuss real world solutions, and reveal their predictions. Exactly what does the future holds for HPC?