Torozo, a hyper-secure, cloud-based file storage, sharing and transfer space will be launched next month by Leonovus Inc.with individuals, teams and organizations able to pre-register and save 50% on their first year subscription.
Critical dataare protected with FIPS 140-2 compliant cryptography and company’s patented encrypt, shred, and spread technology that encrypts and shreds files and distributes them across a range of cloud storage providers with a simple user interface.
According to Market Research Future, the global file-sharing market is currently more than $4 billion. With a CAGR of 26 %, it will be more than $8 billion by 2025. The secure file sharing segment of this market will grow to $3 billion by 2025, according to Arizton Advisory and Intelligence. Torozo caters to this explosive growth in demand for hyper-secure file storage, file sharing and file transfer.
Because of Covid and other market forces, the demand for secure file-transfer solutions has increased. Organizations in IT, healthcare, legal, software development, government and education sectors have expanded online business operations with employees working from home. The growth of remote working has increased the demand for secure file-transfer solutions, preventing data leakages and information breaches. New technologies such as AI, big data, and IoT will drive the adoption of secure file-transfer solutions, like Torozo, as more and more data is pushed to the edge.
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The NFT market is also a target market. Torozo can store and protect the actual, off-chain, digital asset connected to the NFT and the owner’s crypto-identity. There is an opportunity for Torozo also to back up cryptocurrency hard and soft wallets. Over 20% of all Bitcoin has been lost due to lost keys and passwords, and even a hard wallet can become defective or be lost. Torozo provides a secure backup.
“Torozo evolved out of our Vault, Smart Filer and XVault technology, with influence from the secure data-sharing requirements of the federal government where we continue to pursue major contracts,” said Michael Gaffney, chair and CEO. “Our vision is to be recognized as the world’s most secure file storage, sharing and transfer solution,”
About Torozo and hyper-secure storage, sharing and transfer
Th product will launch next month with full end to end encryption followed in a few weeks with firm’s encrypt, shred, and spread technology, which refers to our unique, proprietary, and ultra-secure, file distribution. Unlike many file-sharing services, Its encryption is certified FIPS140-2 compliant by NIST.
Torozo will become more secure with addition of asymmetric cryptography later in 2Q22.