SACRAMENTO, Calif., Oct. 10, 2017 (GLOBE NEWSWIRE) -- IDdriven, Inc. (OTC:IDDR), an innovative provider of premises and cloud-based Identity and Access Management ("IAM") today announced that they have executed a Letter of Intent (LOI) with ioSafe Inc., to acquire 100% of the outstanding shares of ioSafe Inc.
ioSafe is a leader in disaster proof data storage. Founded in 2005 with the simple goal of keeping data secure, ioSafe supplies enterprises and SME’s with a complete line of fireproof and waterproof data storage solutions.
ioSafe has an installed base of over 100,000 units, with a customer base focused on security, disaster protection and compliance.
Robb Moore, CEO of ioSafe Inc. said: “Our customers all have a mindset focused around physical security and privacy. The software of IDdriven is a great complimentary solution for cyber-security and electronic access.”
ioSafe is active in the US, Europe and Asia through a wide spread distribution network.
Arend Verweij, CEO of IDdriven, Inc. stated, “As we stated in the past, if the right opportunities arise, we will use that if it is aligned with our goal to grow revenues and access to customers. ioSafe represents such an opportunity.”
ioSafe designs and builds award-winning fire- and waterproof data storage, backup and hybrid cloud solutions for businesses of all sizes. Like an aircraft black box for critical data, ioSafe improves recovery point and time objectives while reducing costs and simplifying infrastructure.
ioSafe products are designed and built in California. To learn more, visit www.iosafe.com.
With its next-generation IDaaS program of the same name, IDdriven, Inc. is at the forefront of the new breed of Identity Management and Access Governance solutions. The company is currently researching and developing a solution for enterprises aimed at helping enterprises utilizing the benefits of consortium based blockchain and their frameworks. Taking the complexity and upfront costs out of implementation, IDdriven automates access security for vulnerable company assets by seamlessly integrating with the solutions from Microsoft, and other cloud providers like Amazon. Founded in 2013, IDdriven is headquartered in Sacramento, California. To learn more, visit: www.IDdriven.com.
Forward-Looking Statement Disclosure
This news release contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond IDdriven’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) commercialization of our software programs, (ii) development and protection of our intellectual property, (iii) industry competition, (iv) we may need to raise capital to meet business requirements. More detailed information about IDdriven and the risk factors that may affect the realization of forward-looking statements is contained in our filings with the Securities and Exchange Commission which are available on our website and at www.sec.gov. IDdriven assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.