EVault Increases Customers

EMERYVILLE, Calif. -- EVault, Inc., a Seagate Technology (NYSE:STX) company and leader in online backup and recovery, today announced that rising demand for its backup and recovery Software as a Service (SaaS), licensed software and managed services offerings helped the company grow its credit union customer base by more than 50 percent over the past twelve months. Hundreds of credit unions in North America, including Tower Federal Credit Union, Travis Credit Union, Langley Federal Credit Union, NASA Federal Credit Union and City County Credit Union, rely on EVault to keep their core system data secure, encrypted, compliant and easy to manage.

"Credit unions face increasing competitive pressures as they try to expand their business reach and offer members more banking services," according to Robert Hunt, senior research director at Tower Group, a leading research and advisory services firm focused exclusively on the global financial services industry. "The need to improve operational efficiencies, especially in IT, is paramount for growth. It is essential to ensure data is protected so IT's efforts can focus on building the business and servicing their members."

EVault Inc.