Leonovus Inc. (TSX-Venture:LTV) saw its shares move skyward Thursday, on word that Sherritt International, (TSX: S) has selected Leonovus to strengthen its data security capabilities and support its evolving storage infrastructure. The pilot starts in January 2019.
Sherritt IT Vice President John Kiousis said, "The Leonovus software solution gives us the flexibility to segment data across multiple cloud storage providers, enabling us to take advantage of cost savings while protecting our data, Moving to the cloud extends our IT infrastructure capabilities and supports our goal of achieving operational excellence."
The Ottawa-based Leonovus prides itself on being “the next generation of hyper-secure software defined storage solution.”Leonovus claims to offer its customers ability to balance business growth with a flexible hybrid, multi-cloud storage infrastructure. Greater data security with Leonovus patented 'encrypt, shred, spread' capability, and Greater flexibility and simplicity to meet future data growth requirements through a single pane of glass.
LTV shares claimed a penny, or 6.9%, to 15.5 cents Thursday, on volume of 372,000, while Sherritt shares were unchanged at 39 cents.
