Cloud Storage Startup Raises Funds

SEATTLE -- Symform, Inc. ( www.symform.com), a pioneer in decentralized cloud computing systems, today announced the completion of a $1.5 million Series A financing. OVP Venture Partners is the sole investor and OVP Managing Directors Mark Ashida and Lucinda Stewart will join Symform's Board of Directors. Symform was founded in 2007 by veteran Microsoft engineers Bassam Tabarra and Praerit Garg. Its first product is the Symform Cooperative Storage Cloud(TM) - an affordable, enterprise-class data storage service designed for SMBs. Symform enables its network of Managed Service Providers to effectively utilize the existing capacity at their customer sites to extend on-site backup solutions with secure, reliable, and automated disaster recovery.

"Symform is solving a critical problem for SMBs," said Steve Banks, Microsoft MVP and President of Banks Northwest Consulting. "Not only can all my customers replace their archaic and unreliable tape rotation systems with an easy, automated online solution, they can do it without breaking the bank. Symform will dramatically drive down IT costs for my customers while providing them with a robust and secure data protection solution."

Symform Inc.