Funding enables TitanFile to advance its innovative technology and
expand into new markets
WATERLOO, ON, and HALIFAX, NS, Oct. 11, 2012 /CNW/ - TitanFile, an award
winning online document transfer company, announced today that it has
received $1.1M in financing to roll out their new professional file
sharing and collaboration product in the market. Participants in the
financing round are Innovacorp - Nova Scotia's early-stage venture
capital organization, members of the First Angel Network, and others.
The company's new product is the result of research on organizing
communication around people and context. Customers can easily group
their contacts into real-time communication channels and then simply
drag and drop files into those channels from various file sources.
"We have seen magnificent traction within our pilot deployments," said co-founder and CEO Milan Vrekic. "We are very excited about releasing the product to the general public."
TitanFile was selected by the two largest Atlantic Canada law firms,
McInnes Cooper and Stewart McKelvey as a secure communication solution
with their clients.
"Professionals can now communicate with clients and colleagues without
worrying about privacy and security, while avoiding the complexity of
traditional enterprise solutions." said cofounder and CTO Tony Abou-Assaleh, a former Google engineer.
TitanFile works on multiple devices, including personal computers and
tablets. Unlike similar products, TitanFile customers do not need to
install special plugins, configure computers, or add custom hardware.
Security happens in the background.
TitanFile is focused on creating better ways for people to communicate
and collaborate online without having to worry about security and
privacy. TitanFile was recently named in Branham300 as one of the Top
25 Canadian Up and Coming ICT companies, won the 2nd place in the
National Alpha Innovation competition and was named a finalist for this
year's Manning Innovation Award. Last year, TitanFile won a Canada-U.S.
Innovation Award as well as a Cloudy Award in the category of People's
Choice: Best Cloud Newcomer, presented at SXSW.
SOURCE: TitanFile Inc.
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