Video Archives
iForem, Inc.
Product Name
iForem / iNuity
Market Segment
Enabling Technology
Funding
Seed round: Gabriel Venture Partners, $2 million.
Competitors
Enterprise-facing: EMC, Google and IBM. Consumer-facing: AllMyData, Box.net, eSnips, Freepository, GoDaddy, iStorage, Mofile, Mozy, Omnidrive, Openomy, Streamload, Strongspace and Xdrive.
Product Description
iForem is a proven authority in digital archiving for enterprises/businesses. Our iForem service is the only subscription-free offering where you can store, protect and share intellectual property. As a result, users can store their data securely—eliminating reoccurring costs. By leveraging the company’s iNuity service, users create a lifetime digital vault controlling authorization and availability of data in a trust account.
Market Opportunity
The Yankee Group estimated that the content-storage systems market size in revenues reached $160 million in 2002; they also report a $1.3 billion market growth rate (raw and percentage) in 2006, a 5-Year CAGR of 32%—one of the fastest growing storage system segments. 2003 budgets are dedicated to near line storage, with 76% of corporations spending on redundant backup schemes.
Demo Says
Digital storage for life sounded like a pretty tall order to us. It didn’t help that the explanation surrounding iForem and iNuity involved a large amount of technical jargon and sophisticated storage concepts. Once we wrapped our heads around it though, the ‘click’ came rather quickly. Think of it as an online safety deposit box for your most important documents. iForem is initially targeting enterprises such as law firms and banks to help customers easily access important documents such as living wills. The topper? iForem created a trust around the company to ensure that your storage will always be protected and always accessible. Just the kind of real-world, infinitely usable solution we like to see here at DEMO.
Conference
2007 DEMOfall
Show Contact
Address
350 Marine Pkwy., Suite 200
Redwood Shores,
CA
94065
650-352-4750
FAX: 650-352-4750
Company URL
Corporate Officers
Stephen Pieraldi, CEO & Founder Trent Jason de Luna, COO & Executive Founder
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