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Cleversafe Selected by IQT for Strategic Deployments Supporting U.S. Intelligence Community

Deal Extends Cleversafe's Expertise within the Federal Government Market

CHICAGO, Oct. 25 /PRNewswire/ -- Cleversafe, Inc., the leader in resilient storage solutions ideally suited for storage clouds, today 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.

"The Cleversafe solution firmly addressed the data reliability, replication, and security challenges that exist in many mainstream storage approaches, and virtually eliminates many threats of lost data with its dispersal approach," said William Strecker, Executive Vice President of Architecture & Engineering and CTO at IQT. "IQT's strategic investment in Cleversafe reflects the opportunities we see for this innovative approach as a viable answer for distributed storage architectures. We are confident it will give our customers in the U.S. Intelligence Community a robust distributed storage solution that provides the levels of unmatched reliability they require."

The Cleversafe platform is ideal for storing mission critical data by addressing the core principles of data confidentiality, integrity, and availability within its information dispersal architecture. This approach solves the security problems associated with Cloud Storage since Cleversafe secures the confidentiality of data by transforming it to be inherently secure.

"IQT's selection of our technology truly speaks to the rock-solid features within the Cleversafe storage platform, and extends our presence and expertise in the federal market," said Chris Gladwin, president and CEO of Cleversafe. "The Cleversafe solution enables users to store and access sensitive data and files in a private cloud, knowing that data is secure and inaccessible to unauthorized users or systems if compromises should occur."

Cleversafe's Dispersed Storage technology, which has been in the commercial market for more than two years, seamlessly transforms data into secure slices, and then disperses these slices to multiple storage nodes typically across three or four data centers. Each individual slice is unrecognizable as data and therefore inherently secure, whereas a defined threshold of slices can be used to bit-perfectly recreate the original data. This storage efficient approach has thin provisioning built in and eliminates the need for traditional replication, thereby reducing storage requirements by 50 to 70 percent when compared to traditional RAID with replication and yet has even higher availability than four replicated copies.

About Cleversafe

Cleversafe is the leader in resilient storage solutions, ideally suited for storage clouds and massive digital archives. For organizations who value assurance in confidentiality, data integrity, and limitless availability, Cleversafe provides information resiliency built directly into the storage system DNA. To learn more about Cleversafe and its solutions, please visit www.cleversafe.com, call 312-423-6640 or email us at sales@cleversafe.com.

About IQT

IQT is the not-for-profit, strategic investment firm that works to identify, adapt, and deliver innovative technology solutions to support the missions of the U.S. Intelligence Community. Launched by the CIA in 1999 as a private organization, IQT's mission is to identify and partner with companies developing cutting-edge technologies that serve the national security interests of the United States. Working from an evolving strategic blueprint defining the Intelligence Community's critical technology needs, IQT engages with entrepreneurs, growth companies, researchers, and investors to deliver technologies that provide superior capabilities for the CIA and the larger Intelligence Community. To learn more, visit www.iqt.org.

SOURCE Cleversafe, Inc.

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