LTV LeoNovus Inc

Reduce data storage costs by up to 70% without any change to end user behavior through automated classification and tiering of cold data to cloud or on-premises commodity storage.

Upon its creation, unstructured data always starts as hot, but it cools very rapidly and the probability of it being accessed drops dramatically. According to industry studies, 75 to 90 percent of unstructured data is cold. Many organizations manage and store cold data as if it were hot data on primary file servers, optimized for performance and scale, which is always the most expensive storage configuration. Cold data does not belong on primary storage systems. CIOs can dramatically reduce data storage costs with Smart Filer.

Smart Filer is installed and configured in minutes. It analyzes file shares, generating an inventory report that categorizes files based on last access date and type. The storage administrator then configures Smart Filer policy to migrate cold files to less expensive secondary file or object storage, on-premises or in cloud. The company now frees up its expensive primary storage resources for hot data. Cold files appear to still reside on the primary file server, even though they have been offloaded. Users access the cold files exactly as they did before, through the primary file server.

Uniquely, Smart Filer is primary storage vendor-agnostic and supports a broad selection of cloud and secondary storage infrastructure. Smart Filer ensures that users continue to have access to migrated files with no change to user or application behavior required.

“We are excited to offer a free 30-day trial of Smart Filer to allow companies to characterize their data and begin optimizing storage infrastructure by managing cold data,” said Michael Gaffney, CEO. As a complement to the Smart Filer trial, Leonovus is also offering custom TCO analyses for companies that desire detailed assessments of the savings associated with managing cold data with Smart Filer.

About Leonovus

Leonovus is a software provider that offers cold data management solutions. Leonovus allows you to understand your data, optimize storage infrastructure and embrace cloud storage securely and cost-effectively, while giving you the flexibility to deal with the ever-evolving cloud storage landscape.

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.

For More Information, please contact:George PretliChief Financial Officergpretli@leonovus.com

LeoNovus (TSXV:LTV)
Historical Stock Chart
From Jan 2025 to Feb 2025

LeoNovus (TSXV:LTV)
Historical Stock Chart
From Feb 2024 to Feb 2025