SYMFORM’S NEW DISRUPTIVE PRICING EMPOWERS USERS TO STOP PAYING DOLLARS FOR OFFSITE DATA BACKUP AND PAY WITH BYTES INSTEAD
Users Receive Unlimited Cloud Data Backup by Contributing Local Drive Space to the Symform Network;
Research Validates over 85% of Businesses Will Exchange Bytes for Free Cloud Storage
Seattle, Wash. – September 10, 2012 – Symform, a revolutionary, distributed cloud backup service,took its disruptive model to a new level with pricing unveiled today. Under the new packaging, users can receive unlimited cloud backup for free as long as they contribute local drive space to the network. Symform’s “Bytes or Bucks” pricing is an industry first, enabling customers to pay with Bytes by simply contributing local unused storage space to the Symform Cloud Storage Network. Alternatively, customers can pay with Bucks at $0.15 per gigabyte per month.
“There are over one thousand vendors in the burgeoning online backup market, and it’s getting difficult for end-users and vendors to differentiate the offerings,” said Dave Simpson, senior analyst at 451 Research. “Symform stands out from the crowd with a datacenter-less approach to cloud-based backup and recovery. This is an intriguing value proposition that could bring costs even lower while providing higher performance and security via a cloud network where data is distributed globally. And, Symform’s growth figures prove that end users and channel resellers are receptive to the concept.”
Symform is able to offer this disruptive pricing because it has no centralized infrastructure. Traditional online data backup solutions rely on expensive, power and bandwidth-hungry, centralized datacenters to store customers’ data. With the Symform distributed network, users contribute local drive space to the network, creating a crowdsourced cloud that leverages existing excess capacity on local storage drives as well as parallel internet connections and shared bandwidth.
Symform ensures security by dividing all online data backups into tiny pieces and using 256-AES military-grade encryption before files ever leave the source device, which shreds the data that sits on contribution devices into secured, inoperable, nonsensical bits. The actual data is only restored to its original state back at the source.
“Our message to the market is do not pay dollars for offsite data backup, because there is a better way to protect your data,” said Matthew J. Schiltz, CEO of Symform. “Every day we are validating our message that Symform’s crowdsourced approach is the future of secure offsite data backup and storage. This message is resonating, as we are experiencing explosive growth with members of the global network in 150 countries.”
Prior to launching “Bytes or Bucks,” Symform conducted a survey of over 150 SMBs and IT service providers, revealing that over 85 percent would be willing to contribute local storage in exchange for cloud backup. When customers pay for storage with Bytes rather than Bucks, they power the ongoing growth of the Symform Global Storage Network and gain access to the fastest, most affordable, secure and reliable cloud backup solution on the market. Symform also previewed the new pricing model to more than 200 current partners prior to the formal launch. One hundred percent of these partnersswitched to the new Bytes model and quickly added contribution pledges by the hundreds of terabytes to the Symform network.
“There are no negatives when it comes to the new pricing. We can now back up unlimited data volumes without breaking the bank,” said Todd Whitley, CEO at BrightWire Networks. “With Symform, we’re saving over $6,000 a year while utilizing the most secure, reliable and disaster-proof cloud storage solution on the market today.”
Common issues voiced by the market include the high cost of cloud storage and low usage of the cloud for data backup. Symform’s research found that two-thirds of business users rank the cost of cloud or backup systems as a significant problem. With no other affordable options for storing large amounts of data in the cloud, many SMBs and prosumers have been forced to ‘life boat’ their data, or pick and choose only small subsets of files for backup to the cloud. Ninety-two percent of survey respondents who currently store data in the cloud said they would put more data in the cloud if it was more affordable, with over 50 percent stating they would store more than 1 terabyte of additional data if they could afford it.
To learn more about the Symform distributed Cloud Storage Network and this new offer, visit www.symform.com/free-
The Symform Cloud Storage Network is a better way to store and backup all of your data. As the world’s first distributed and crowdsourced data backup solution, Symform enables users to pay with bytes instead of bucks. Every business on the network contributes excess local drive space to the grid in exchange for secure, fast and reliable cloud data backup. Before data leaves the source device, it is encrypted and shredded, redundancy added, and then geo-distributed across the global network. With its proprietary and patented technology, Symform is building the world’s largest virtual datacenter using existing Internet infrastructure. Go to www.symform.com or email in
Symform, Symform Global Cloud Storage Network, the Resilient Storage Architecture, and RAID-96 are trademarks of Symform, Inc. References to other companies and their products acknowledge the trademarks owned by their respective companies and are for reference purposes only.