Data Deposit Box Inc. (the “Company”) (CSE: DDB, OTCQB: DDBXF, Frankfurt: 2DD), a global provider of cloud backup and recovery technology, is pleased to announce a significant increase in partner and reseller registrations when compared to 2014.
In September 2015 the Company announced the launch of the NAS (Network Attached Storage) “Smart Storage” product line, whereby it offered the first product called the DDB200 which was made available on October 30th 2015. Since the September announcement the Company is proud to announce that partner and reseller registrations have tripled for the months of September, October and November 2015 as compared to the same periods in 2014, representing a 300% increase in partner registrations. The Company has registered 370 partners since the announcement of the Smart Storage products in September.
“We are incredibly excited with the interest and enthusiasm that we have received since introducing the new Smart Storage products. The increase in partner registrations is directly linked to our Smart Storage and overall business strategy to become the industry’s true end-to-end cloud backup and recovery provider for the SMB and SME globally” said Tim Jewell, the Company’s CEO.
“The most important part of our strategy is to build a strong and dedicated partner network; one where the partners are supported by Data Deposit Box and in return we provide the best option to generate recurring revenue for our partners. All of this is built on a strong product and service offering to the SMB that allows for flexibility and choice and is priced to match the SMB budget” added Troy Cheeseman, the Company’s President and COO. “We are hearing directly from our new and existing partners that our strategy to become the end-to-end cloud backup and recovery solution for IT partners and the SMB (globally) is exactly what the client and partner community is looking for. That message has fueled our aggressive strategy to provide a line of products and services that will be unmatched by anyone in our industry.”
The Company’s “Smart Storage” local storage device is a 4 bay storage system that is designed to provide a local and cloud based business continuity solution at a SMB price. The hardware is designed with redundant “NAS quality” hard drives that will provide maximum storage capacity and system uptime. Cloud storage will be coupled with the solution to provide a low cost offsite recovery point. This will create a one-time revenue gain from the device while creating a reoccurring monthly revenue stream from the bundled cloud storage. The model details are provided:
- Models: DDB200, 400 and 600
- Continuous Data Protection Technology
- Select any amount of cloud storage
- 4TB – 8TB (raw) local capacity
- Remote Configuration and Administration
- Agentless Backup of Exchange, VMWARE, MSSQL, Hyper-V, SharePoint, QuickBooks and End point devices
- Partner Channel Only
About Data Deposit Box
Data Deposit Box, a pioneer of cloud backup and recovery technology, has set a new industry
standard by providing the SMB market with the same level of security and protection that is
available to large enterprises. Data Deposit Box patented backup technology, known for its
Exabyte scalability, advanced data reduction capabilities and ease-of-use, has won prestigious
industry awards and has been featured in many key industry publications.
Data Deposit Box technologies and solutions are currently used daily by over 200,000
customers, 1,000 resellers, 25 MSPs and private label partners for online backup and recovery,
archiving, disaster readiness, secure file sharing and remote access.
Investor Inquiries
W. Clark Kent
Corporate Development
Telephone: 647-519-2646
Email: ckent@currentmca.com
This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.