SAN FRANCISCO and OTTAWA, March 1,
2018 /CNW/ - iCONECT CA Inc. of London, ON, the makers of the iCONECT-XERA
document and video review platform already used to manage highly
confidential information in some of the world's highest profile
legal cases and LEONOVUS (TSXV: LTV) an Ottawa, CANADA based software defined storage
and encryption technology company have executed an LOI committing
the firms to create a combined product offering. This offering
assists corporations to meet regulatory requirements and increase
security of sensitive documents and those used for legal cases as a
component of their document management and eDiscovery workflow.
The Leonovus technology digitally scrambles and shreds
electronic files, thus presenting an illegible pile of digital
nuggets to anyone who gains unauthorized access to the files
directly. For review of the stored files, iCONECT has worked with
Leonovus technical staff to integrate a method of reconstituting
the digital nuggets and presenting documents, videos and audio to
files to eDiscovery users as if the file was always sitting in its
native format. Features such as searching, sorting, organizing,
relationship analysis, graphing and producing files are seamless to
end users.
Corporations worldwide can use Leonovus' patented military-grade
encryption methodology, in combination with their iCONECT-XERA
document and video review platform. Leonovus uses FIPS 140-2 level
encryption (Federal Information Processing Standard), regarded as
the benchmark for US and CDN military information encryption logs
and the secure data nugget meta-data is Blockchain hardened.
The resulting enterprise data storage leads to improved governance,
ROI, ultra-security and reduced errors. The digital nuggets can
also be distributed across multiple data storage services or
devices, leading to an opportunity for significant savings when
redistributing to lower cost storage.
"When we first saw the Leonovus technology, we were blown away
with the potential to create a paradigm shift in eDiscovery file
storage and security," said Ian
Campbell, CEO of iCONECT.
"Although this extra layer of security comes at a cost, it's
additional insurance against unauthorized access and manipulation
of data. 'It's not a question of IF we'll get hacked, it's simply a
matter of when,' added a Senior Product Manager for a leading
eDiscovery firm. The ability to create this level of security
without disrupting our users' workflow is key," said
Campbell.
The integration with Leonovus technology will be available in Q2
as an add-on-module for iCONECT-XERA systems, both of which can be
deployed behind a firm's own firewall or in a secure cloud.
"The integration with iCONECT is a very exciting step as it was
named as one of the 50 Most Valuable Brands of the year
2017 by Silicon Review. Their deep product knowledge, and
market penetration, regarding the protection and management of
legal documents and their associated workflows gives Leonovus a
unique market insight for our product development team. Moreover,
the real goal is to expand the sales of both companies with an
unparalleled blockchain hardened data security and compliance
solution for iCONECT customers," said Michael Gaffney, Chairman and
CEO.
About Leonovus
Leonovus is a software solutions provider that offers the
leading blockchain hardened software-defined object storage
solution (SDOSS) and governance, risk management and compliance
('GRC') solution for the modern enterprise. Designed with the IT
manager in mind, Leonovus' patented algorithms virtualize,
transform, slice and disperse data across a network of on-premises,
hybrid or multi-cloud storage nodes – allowing for the most secure
yet internally accessible form of object-based data storage that
provides governance, risk-management, and compliance across the
entire solution. The advanced geo-distributed architecture
minimizes latency, optimizes geo-availability, reduces remote
backup costs and meets data sovereignty requirements. With its
software and hardware agnostic design, Leonovus provides
Petabyte scalability and allows the enterprise to utilize its
existing idle storage resources, extend the useable lifespan of
depreciated resources and improve the enterprise's overall
ROI. To learn more, please visit www.leonovus.com.
This press release may contain forward-looking statements and
information, which may involve risks and uncertainties. The
results or events predicted in these statements may differ
materially from actual results or events. Factors that might cause
a difference include, but are not limited to, competitive
developments, risks associated with Leonovus' growth, the state of
the financial markets, regulatory risks and other
factors. There can be no assurance or guarantees that any
statements of forward-looking information contained in this release
will prove to be accurate. Actual results and future events
could differ materially from those anticipated in such
statements. These and all subsequent written and oral
statements containing forward-looking information are based on the
estimates and opinions of management on the dates they are made and
expressly qualified in their entirety by this notice. Unless
otherwise required by applicable securities laws, Leonovus
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. Readers should not place undue
reliance on any statements of forward-looking information that
speak only as of the date of this release. Further information
on Leonovus' public filings, including its most recent audited
consolidated financial statements, are available
at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE LeoNovus Inc.