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LeoNovus Inc
Symbol LTV
Shares Issued 241,125,014
Close 2017-12-08 C$ 0.495
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LeoNovus to sell products in U.S. through ApexIT

2017-12-11 10:54 ET - News Release

Mr. Michael Gaffney reports


LeoNovus Inc. has signed a strategic partnership agreement with ApexIT of St. Louis, Mo. ApexIT will sell and support LeoNovus's blockchain-enhanced enterprise software-defined storage products and services product line across the United States.

Together, LeoNovus and ApexIT will give enterprises access to an on-premise, hybrid or multicloud software-defined storage solution that puts control back in the hands of the IT (information technology) department and allows for enhanced data security and compliance monitoring for regulatory requirements while reducing storage and operating costs. Regulatory compliance examples include HIPAA (Health Insurance Portability and Accountability Act), PCI (payment card industry), SOX (Sarbanes-Oxley Act), GDPR (General Data Protection Regulation) and C-198.

"LeoNovus and ApexIT share a common goal -- empower enterprise IT to move and manage data either on premises or in the cloud without risking security or compliance. With ApexIT's decades of IT solutions and services experience, we can positively impact even more enterprise customers with the unique and compelling blockchain enhanced software-defined storage technology found in LeoNovus 3.0," said Michael Gaffney, chairman and and chief executive officer of LeoNovus.

LeoNovus 3.0 is a data protection and optimization platform that decouples and pulls the managed data into the Web-integrated services environment (WISE) -- a secure plane overlaid on existing hybrid (on premises/cloud) and multicloud infrastructure. All data are encrypted in flight and at rest. Metadata, tagging and data classification enhanced with blockchain provide immutable, auditable records of where data come from, who has interacted with them and where they are saved. Distributed storage ensures no single file is ever stored whole on a single server; instead, it is shredded into discrete, encrypted objects and distributed across multiple storage devices, on premises and in the cloud. With the LeoNovus dashboard, organizations have visibility into and control over their data wherever they are stored.

"Large enterprises with petabytes of data to back up, store and archive face a Catch-22: keep data on premises to ensure compliance -- incurring massive capex and opex costs -- or move it to the cloud and risk losing control. With the Internet of Things about to add even more data to the mix, the challenge is only going to intensify. By adding LeoNovus to our offer, we will be able to eliminate this dilemma by leveraging their unique combination of patented algorithms, distributed storage and blockchain-enhanced data security," said Geoff Baltz, president of ApexIT. "We can now work with our customers to execute a compelling data storage strategy across an entire tapestry of on-premises, cloud and multicloud architecture to optimize their costs and with faultless compliance and fail-safe security."

About LeoNovus Inc.

LeoNovus is a cloud solution software provider that offers the leading software-defined object storage solution (SDOSS) and governance, risk management and compliance (GRC) solution for the modern enterprise.

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