SMEStorage Announces a New Capital Injection and Appoints a New Board Advisor

SMEStorage is a privately owned company that achieved profitability in Q4 2010. SMEStorage focuses on cloud data access and management across operating systems and mobile devices for individuals and business users.

Unlike other data access providers SMEStorage enables an open platform in which any of over 15 storage providers can be accessed simultaneously with aggregated data being presented in a virtual cloud file system. SMEStorage enables businesses to move their fileserver to the cloud using combinations of their preferred file providers, just as Amazon S3 and Google Docs for instance.

The company has as well announced that Dan Stone has become a shareholder and been appointed to be an advisor to the board. Mr Stone has been a innovation professional for more than 25 years. His experience includes software product development and management, technical consulting, and senior IT management roles at Lehman Brothers, Barclays Capital and Standard Bank. He has lived and worked in New York, Tokyo, London, and Prague where he is currently CIO at a leading central European investment bank.

Mr. Stone holds a bachelor's degree in Computing Science from Columbia University, and an MBA from Fordham University.

Osborne finished with saying, "We are in an exciting space with an exciting research that covers not only cloud, however also mobile working, two of the biggest growth areas as predicted by analysts for the straightway 5 years. We continue to attract investor enquiries, who recognise our huge potential, and which we welcome as we review our longer term market possibility. We are keen to manage sustainable growth, whilst as well seeking to attract and work with individuals and investors who can help us achieve the best market position and optimise shareholder value."