Welcome!

News Feed Item

LeoNovus Announces ITCI Invictus Technologies as Its Partner for the Managed IT Services Market

Partnership Doubles LeoNovus' Current Capacity for Its Virtual Distributed Data Center

SUNNYVALE, CALIFORNIA -- (Marketwired) -- 05/14/14 -- LeoNovus® Inc. ("LeoNovus") (TSX VENTURE:LTV), a leading Internet and cloud provider with its geo-dispersed distributed cloud services, announces today an exclusive agreement for Canada with ITCI Invictus Technologies for the managed IT services market. This partnership enables LeoNovus to double its current capacity for its virtual distributed data center, strengthening LeoNovus' ability to offer high-speed and efficient cloud-based services. ITCI will be able to leverage LeoNovus' patented cloud-based technologies for its further expansion into Canada's IT market for outsourced managed services and products while lowering cost and generating revenue from this high growth cloud market.

As part of this agreement, LeoNovus licenses its proprietary client software onto ITCI computing devices that can then authenticate the LeoNovus geo-dispersed distributed network, thus expanding the virtual distributed data center. This adds high-value, on-demand, scalable compute-and-storage resources that increase reliability and redundancy with higher security for greater disaster recovery.

According to Research and Markets (www.researchandmarkets.com), a research firm, the managed services market is growing from $142 billion in 2013 to $256 billion by 2018, at a CAGR of over 12%. This market has witnessed accelerated growth in recent years due to advancements in cloud computing, big data and mobility services. Such outsourced services enable organizations to bring in the competencies they lack on an as-need basis; or to replace functions or processes that undergo huge recurring costs. Outsourced managed services reduce the recurring in-house IT costs by 30-40% and bring about 50-60% increase in efficiency.

"By utilizing LeoNovus' geo-dispersed data storage, ITCI is now able to offer hundreds of its clients the most secure and advanced computing solutions," said Hoss Astaraki, President of ITCI. "I believe we can transform the way data is managed and accessed, while enhancing security beyond any solution currently available in the industry. This will create Canada's largest, most environmentally friendly, and cost-effective virtual data center."

Mr. Astaraki further explained, "In 2005, it was ITCI who pioneered the first private cloud-computing infrastructure in Canada. As a result, we were able to eliminate on-site server requirements for our clients, which in turn saved them millions of dollars in technology expenditures. Once again, with the creation of Canada's first geo-dispersed distributed virtual data center, ITCI is positioned to offer cutting-edge technology to thousands of users, with plans to expand service offerings to millions of users across Canada in the coming months."

"Cloud computing is a boon to businesses who are responding to the resource and fiscal fluctuations of their markets," said Gordon Campbell, CEO of LeoNovus. "The workforce for many companies is becoming more mobile and global, and it expands and contracts to meet real-time demands. Secure high-capacity cloud services enable immediate interaction and transactions, and with the LeoNovus proprietary networking technology, companies can achieve highly efficient computing and significant cost savings at the same time."

This partnership marks LeoNovus' entry into a new vertical market that expands its geo-dispersed distributed endpoints beyond current markets such as the hospitality, which allows for greater reach across a broader area network.

About LeoNovus Inc. (www.LeoNovus.com)

LeoNovus® is a publically traded company on the Toronto exchange with offices in Sunnyvale, CA. and Ottawa, Ontario. The Company has launched an innovative high performance browser-based SMART MEDIA PLATFORM with a remotely managed cloud system that provides HDTVs and other connected devices with unprecedented access to features, content, and functionality over the web without the cost, overhead and support of a PC. This approach delivers an extremely flexible just-in-time service model to multiple markets including residential, hospitality and health care. In parallel, LeoNovus utilizes its proprietary Dark Core(TM) technology with a unique ability to "light up" idle dark processors in hardware systems for purposes of building Intelligent Networks. This allows the Company to offer geo-dispersed cloud services for new revenue streams while reducing costs and increasing performance via distributed networks.

About ITCI Invictus Technologies (www.itci.ca)

ITCI Invictus Technologies Inc. is an established, innovative technology service company serving hundreds of professional companies across Canada. Invictus Technologies provides IT infrastructure support, managed services, technical support, hosted environment including email and file servers, remote backup, VoIP services, ISP, disaster recovery and much more to thousands of users. Customers are able to access an array of services through one reliable provider - ITCI Invictus Technologies Inc.

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.

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. Forward-looking statements included or incorporated by reference in this press release include statements with respect to proposed terms of, and the intended use of proceeds of, the Offering. 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 disclaim 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 their most recent audited consolidated financial statements, are available at www.sedar.com.

Contacts:
LeoNovus Inc.
Gordon Campbell
Chief Executive Officer
(408) 541-9400
(408) 548-9410 (FAX)
[email protected]
www.LeoNovus.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"This week we're really focusing on scalability, asset preservation and how do you back up to the cloud and in the cloud with object storage, which is really a new way of attacking dealing with your file, your blocked data, where you put it and how you access it," stated Jeff Greenwald, Senior Director of Market Development at HGST, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Rodrigo Coutinho is part of OutSystems' founders' team and currently the Head of Product Design. He provides a cross-functional role where he supports Product Management in defining the positioning and direction of the Agile Platform, while at the same time promoting model-based development and new techniques to deliver applications in the cloud.
In a world where the internet rules all, where 94% of business buyers conduct online research, and where e-commerce sales are poised to fall between $427 billion and $443 billion by the end of this year, we think it's safe to say that your website is a vital part of your business strategy. Whether you're a B2B company, a local business, or an e-commerce site, digital presence is key to maintain in your drive towards success. Digital Performance will take priority in 2018 for the following reason...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
In his session at Cloud Expo, Alan Winters, U.S. Head of Business Development at MobiDev, presented a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to maximize project result...
"Software-defined storage is a big problem in this industry because so many people have different definitions as they see fit to use it," stated Peter McCallum, VP of Datacenter Solutions at FalconStor Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"Our strategy is to focus on the hyperscale providers - AWS, Azure, and Google. Over the last year we saw that a lot of developers need to learn how to do their job in the cloud and we see this DevOps movement that we are catering to with our content," stated Alessandro Fasan, Head of Global Sales at Cloud Academy, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abilit...
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...