Itway Spa announced Friday that it has signed a partnership with CLoudian Inc., a leading enterprise-class object storage software company.
As Itway explains, this partnership aims to further expand Itway’s cyber security and cyber resilience offerings.
Itway Group expects revenues of EUR5 million in the next two years by operating in the service provider, public administration, healthcare, energy, education, banking and insurance sectors.
“This partnership will allow Itway to contribute to the expansion of object storage solutions in Italy, realizing significant installations in a market that, according to a recent IDC study, is expected to see an annual data growth rate of 23 percent, reaching about 175,000 trillion gigabytes by 2025,” said Itway President G. Andrea Farina.
Companies are now required to equip themselves with a modern, future-oriented digital infrastructure such as Software-Defined Storage. This is especially true for those companies that handle large volumes of digital information on a daily basis. These could be government documents, healthcare content, retail sales content or security records. They will greatly appreciate the reliability, security and versatility of the Cloudian solution.”
Itway’s stock is up 7.9 percent at EUR1.80 per share.
– Alliance News