Unrevealed Canadian Bank Signs Contract With Leonovus

Leonovus, Inc. signed a proof of concept (PoC) contract with a major Canadian bank to install its software in a production deployment.

Over the last ten months, Leonovus has demonstrated the benefits and the performance of its secure object-based storage solution in the bank’s lab with non-production data. This contract marks the transition from a ten-month long laboratory test and verification process to an in-production deployment of the Leonovus software defined storage solution into a major financial institution. The company will aggregate the institution’s on-premises storage resources with multiple subscribed public clouds to provide the data resiliency, security and architecture necessary for the bank to benefit from the lower costs and the increased flexibility from this hybrid, multi-cloud, storage strategy.

“Migrating the storage of large enterprises from on-premises to the public-cloud, or hybrid-cloud, while providing a hyper-secure single storage gateway to these storage endpoints, is a key strategic objective of the company’s technology. Enterprise customers, like the bank, can now easily use any public cloud solution without sacrificing corporate data governance, or controls, and benefit from significant cost savings while preventing cloud service provider or storage vendor lock-in. I would like to give kudos to the entire Leonovus team for the speed at which this project closed. To close an enterprise customer of this size from PoC to production in ten months is extraordinary work,” said Michael Gaffney, chairman and CEO.