StrongBox Data Solutions, a Montréal-based cognitive data management and archive solutions provider, has raised about $34.4 million (US$27 million) in funding. The round was led by Fonds de solidarité FTQ, which accounted for a US$20 million investment, and joined by other investors, including Partner One Capital, the company’s controlling shareholder. StrongBox provides businesses, governments and other organizations with solutions for automating data and storage management. Led by CEO David Cerf, it will use the funds raised to accelerate the global marketing of its StrongLink technology. Partner One is a Canadian enterprise software investor.
StrongBox Data Solutions Completes US$27 Million Investment Round for StrongLink® Worldwide Expansion
MONTREAL, Nov. 7, 2017 /CNW Telbec/ – StrongBox Data Solutions, the leading provider of Cognitive Data Management and Archive solutions, announced today that its parent company has completed a US$27 million investment round which includes US$20 million from the Fonds de solidarité FTQ, a C$13 billion development capital investment fund, and additional funding from its controlling shareholder, Partner One Capital. This significant investment is a demonstration of the incredible potential of StrongLink and reflects the overwhelming response the solution has received in the market. The investment will be used to accelerate worldwide expansion of StrongLink.
StrongLink leverages the power of metadata and machine learning to deliver the first solution to automate storage and data management across multi-vendor storage environments. StrongLink simplifies the complexity of data protection and management, seamlessly connecting any storage and cloud including typically incompatible storage.
“StrongLink introduces machine learning, artificial intelligence and powerful analytics to provide a global, vendor-neutral solution for large data environments,” says David Cerf, CEO of StrongBox Data Solutions. “The investment by the Fonds de solidarité FTQ validates the global response from our customers who have discovered that StrongLink can reduce storage costs and operational complexity. Driven by metadata, StrongLink provides a cross-platform global namespace for complete control of data and storage resources.”
StrongLink automates many of the difficult problems related to data protection, migrations, curation, governance and provenance. StrongLink was built from the ground up, providing customers with an open platform that never locks them into a particular vendor’s storage solution. It is a data-centric approach that uses the artificial intelligence derived from metadata to optimize storage resources and scale to accommodate the world’s most demanding data environments.
“With its strong management team and its proven track record, StrongBox Data Solutions has developed a unique technology that answers market needs, said Alain Denis, Senior Vice-President, Innovation and Agri-food, at the Fonds de solidarité FTQ. “This investment fits perfectly with our desire to support innovative companies that will build tomorrow’s economy.”
“The fact that an institutional investor such as the Fonds de solidarité FTQ has placed its confidence in StrongBox Data Solutions and StrongLink is a tremendous vote of confidence for us and a true demonstration of the success we are having in the marketplace. The support of such a major investment firm gives us the ability to increase worldwide deployments, which have already proven very successful at major customer sites across the globe,” added Cerf.
About the Fonds de solidarité FTQ – The Fonds de solidarité FTQ is a development capital investment fund that channels the savings of Quebecers into investments. As at May 31, 2017, the organization had C$13.1 billion in net assets, and through its current portfolio of investments has helped create and protect 186,440 jobs. The Fonds is a partner in more than 2,700 companies and has 645,664 shareholder-savers.
About StrongBox/StrongLink – StrongBox Data Solutions, Inc. (SBDS) is a worldwide leader in Cognitive Data Management and Archive platforms, providing powerful solutions to many of the world’s largest corporations, governments and organizations. SBDS makes data and storage management simple, with a suite of solutions that leverage the power of metadata combined with machine learning to help reduce storage costs, bridge otherwise incompatible data and storage environments, and prove global control of any data, on any storage, anywhere. Step into the next generation of data and storage management by visiting us at www.StrongBoxData.com.
About Partner One Capital – Partner One Capital is a self-funded private investment firm which owns some of the fastest growing enterprise software companies in the world. In business for over 20 years, Partner One Capital focuses on the acquisition of mission-critical software solutions for major corporations and governments. Over 600 of the world’s largest organizations rely on its software for their most critical operations and to safeguard their most valuable data.
For further information: StrongBox Data Solutions Press Contact: Floyd Christofferson, (512) 673-0402, [email protected]
Photo courtesy of StrongBox Data Solutions