DataLocker expands into Europe with $1.2million in funding
The investment will be made in two traunches, $600,000 now and $600,000 in January and will be invested in the development of second generation of the Data Locker, a portable encrypted hard drive that can be unlocked only through an integrated keypad.
Melber who started eSmartloan before selling it to Capital one in 2004, said "All three of us have experience in starting and building companies as well as in security. We plan to help DataLocker develop a new design that will be more appealing to consumers and businesses who may not have considered the need for highly secure data storage."
Jay Kim, president and founder of Data Locker comments, "With this funding we will be able to develop the Data Locker and enhance its technology to make it amongst the first Universal Serial Bus connections that is six or seven times faster than currently available"
Andy Cordial MD of Origin Storage comments "This investment and expertise will help DataLocker to further expand into the EMEA marketplace with a new version of the product as well as a European Headquarters. The expertise will be great in ensuring that we are providing our customers and potential customers with the type of secure portable storage they need"
About Origin Storage Ltd
Founded in 2001 and based in Hampshire, UK, Origin Storage Ltd. is fast becoming one of Europe's leading IT storage manufacturers. Its wideranging product portfolio includes branded hard disk drive solutions, RAID solutions and OEM parts.
Origin Storage is a main supplier for all Tier one manufacturers, providing matched storage upgrades and has held a Pan European Agreement with Dell(TM) for the past five years. The business has grown year on year and now supplies to main distribution and reseller partners across EMEA.
In January 2006 Origin Storage acquired the brand and assets of Amacom and began to manufacture the Amacom range of portable storage solutions including the Flip2disk, IOdisk and Portable Optical solutions. It is also a distributor for some of the most respected storage enclosure manufacturers and offers a full range of rack, desktop and RAID products and accessories.
The company's emphasis on superior customer service, UKbased assembly and stockholding that delivers competitive pricing and unbeatable turnaround times makes Origin Storage the ideal partner for all storage management needs.