Leonovus Announces Partnership with Italian Distributor - Systematika Distribution

OTTAWA, Jan. 31, 2019 /CNW/ - Leonovus Inc., ("Leonovus or the Company") (TSXV: LTV) (OTC: LVNSF) and Systematika Distribution, a division of Comparex Italia Srl. ("Systematika"), have signed a distribution agreement to support the Company's global expansion strategy. Customer engagements begin with a joint roadshow in Rome and Milan the first week of March 2019.

For over thirty years Systematika, based in Italy, has focused on "high technological value" software distribution to its customers while also providing training services, pre-sales support, laboratories, marketing initiatives, incentives and consultancy to support their partners. Systematika Distribution is part of the COMPAREX Group, a European leader in the IT sales and services market. The COMPAREX group employs over 2,350 people in approximately 80 locations in 34 countries in America, Europe, Asia and Africa.

"Our end-users have rapidly growing petabyte-scale unstructured data, originating from a variety of sources. They are very concerned about data protection and security, with critical audit and compliance requirements like GDPR needing to be addressed.   With Leonovus they will have the flexibility to store their data in a hybrid or multi-cloud architecture, with a cryptographically-verifiable audit trail of all access to the data stored resulting in reduced storage costs while enabling near 100% data durability," said Franco Puricelli, Director - Sales Manager & Business Development Systematika Distribution

"European cloud and colocation markets are booming. According to Vertiv ,57% of enterprise companies plan to increase their use of cloud and off-site data storage. Adding Systematika to our distribution network continues our rapid expansion of regional and more focused CSPs in Europe in support of our global expansion. Last week we completed our training with the Systematika team," said Michael Gaffney, CEO and Chairman, Leonovus.

To learn more about Leonovus' unique solutions, check out 'How Leonovus Works' at www.leonovus.com

About Systematika

Systematika Distribution is one of the most important operating companies in the distribution of solutions for the Professional Information Technology market. Building on the experience gained since 1983 as the Italian representative of the US group Lifeboat Distribution, in 2001 it became one of the leading divisions of COMPAREX, a German multinational based in Leipzig, present in the main European markets. 

To learn more, please visit  www.systematika.it

About Leonovus

Leonovus is a cloud solutions software provider that offers the leading blockchain hardened hyper-secure software-defined object storage solution.  Designed with the IT manager in mind, Leonovus' patented algorithms encrypt, shred and spread data across a network of on-premises, hybrid or multi-cloud storage nodes – allowing for the most secure yet internally accessible form of object-based data storage across the entire solution. The advanced geo-distributed architecture minimizes latency, optimizes geo-availability, reduces remote backup costs and meets data sovereignty requirements. With its software and hardware agnostic design, Leonovus provides petabyte scalability and allows the enterprise to utilize its existing idle storage resources, extend the useable lifespan of depreciated resources and improve the enterprise's overall ROI. To learn more, please visit www.leonovus.com.

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. 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 disclaims 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 its most recent audited consolidated financial statements, are available at www.sedar.com.

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.

SOURCE Leonovus Inc.