Product Updates

Egnyte Announces Enterprise Application for New Apple iPad 2.0

Egnyte solves the "Enterprise iPad Dilemma" by offering enterprises secure access to corporate files anywhere, anytime

Mountain View, CA, March 1, 2011 - Egnyte, a leading provider of cloud file server solutions, announced today it will launch an enterprise application this week for the new iPad 2.0. The Egnyte Enterprise for iPad app is the only solution of its kind with enterprise class data security, 24/7 access to files and complete file server user management capabilities, including complete control on file access rights, file access audit information and version tracking.

"Enterprise adoption of the iPad is exploding. Companies are looking to make all critical information and application assets available via the iPad anywhere, anytime," said Matt Murphy, Partner at Kleiner Perkins Caufield & Byers and manager of its iFund. "Egnyte's storage solution has hit the market at exactly the right time to address critical needs around security, management, and simple data access."

Egnyte recently announced that it has closed a $10 million round of venture capital Series B financing led by Kleiner Perkins Caufield and Byers with additional support from previous investors Floodgate and Polaris. Egnyte's unique hybrid cloud technology combines the accessibility and flexibility of cloud storage with increased performance offered by local storage. By automatically detecting and synchronizing changes to files on either local devices or in the cloud, Egnyte ensures that users have reliable and fast access to the files they need wherever they are.

"iPads aren't just cool, they're a great tool to increase productivity across the enterprise, particularly with such a large percentage of workers taking on the position of mobile warriors," said Vineet Jain, CEO of Egnyte. "What's been deterring so many businesses from developing iPad strategies in the workplace are the security and connectivity issues. The Egnyte Enterprise for iPad app is the only solution designed for all user classes - administrators, employees and business partners."

SOLVED: iPad In the Enterprise - Security Dilemma

Security is integral to all Egnyte solutions. For iPad 2.0 to be enterprise-ready, you need secure, centrally managed access to your corporate files. All data exchanged between the iPad application and the Cloud File Server is encrypted using 256-bit AES encryption over SSL. Network Intrusion Detection Systems are in place to protect and safeguard corporate information. Egnyte servers are hosted at Type II, SAS 70 compliant co-location facilities that feature 24-hour manned security, biometric access control, video surveillance and physical locks. Egnyte ensures that all data is secure by having redundant independent storage units using RAID.

All access to data within Egnyte is governed by access rights. Every person accessing Egnyte is authenticated for their username and password and also the domain (custom web address) that they are logging in to. The administrator of the enterprise account can define a folder structure on the company's Cloud File Server with varying read/write/delete access permissions.

SOLVED: iPad In the Enterprise - 24/7 Access Dilemma

The Egnyte iPad app allows access to corporate files with or without internet connectivity. The ability to access files with Egnyte's hybrid cloud technology ensures that productivity and efficiency are not compromised. Case in point: Isabelle Englund-Geiger of Benz Communications uses the Egnyte iPad application when working from home. In the main office, Englund-Geiger uses a laptop connected to a large screen monitor. Prior to Egnyte, she had to unplug her work laptop each day and carry it back and forth. Now she is able to leave her work laptop in the office and use her iPad to access files when she is working remotely.

"Egnyte represents technology at its best," said Englund-Geiger, Chief Operating Officer and Creative Director of the firm that helps Fortune 500 companies communicate employee benefits. "Before Egnyte there was a point where we wondered how we were ever going to pull it off having everyone distributed without spending a fortune or hire an IT person. Today, Egnyte allows us to function efficiently and without worry due to the ease of access to all our corporate data whether in the office or on the go."

About the iFund

KPCB's iFund™ is a $200M investment initiative in partnership with Apple that is funding market-changing ideas and products that build upon the iPhone, iPod Touch and iPad. The iFund is agnostic to size and stage of investment and invests in companies building applications, services and components. Focus areas include location based services, social networking, mCommerce (including advertising and payments), communication, health care, education, enterprise, and entertainment. The iFund backs innovators pursuing transformative, high-impact ideas with an eye towards building independent durable companies atop the iPhone OS platform. The iFund is currently comprised of 17 companies including Booyah, Callaway, Flipboard, GOGII, Path, Pinger, Shazam, Shopkick, and Zynga.

About Egnyte

Egnyte addresses the critical infrastructure needs of enterprises, small businesses and professionals - file storage, backup, sharing and collaboration - in one secure, centrally-managed and easy-to-use solution. The company's hybrid cloud technology combines the accessibility and flexibility of cloud storage with the robust performance and speed of local storage, and automatically synchronizes changes made to local and cloud files. Egnyte Cloud File Server ensures that users have reliable and fast access to the files they need - anytime and anywhere. Egnyte is based in Mountain View, California, was founded in 2006 and is privately financed. For more information, please visit www.egnyte.com or call 1-877-7EGNYTE.