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LeoNovus (TSXV:LTV) announces new Torozo customers

Technology
TSXV:LTV
15 July 2022 09:00 (EDT)

Source: Torozo.com

LeoNovus (LTV) has acquired three new customers for its new secure file sharing and transfer product, Torozo.

The new customers include a venture capital (VC) company in Boston, a large commercial contractor in Florida and a European global law firm.

All three customers stated that security and ease of use were deciding factors for choosing Torozo. They also like Torozo’s easy way of providing their customers with secure file upload and download privileges and the no-cost guest user feature.

The Florida contractor has hundreds of sub-contractors with a continual back and forth flow of highly confidential credit information. They wanted simplicity with security. The free guest user also meant no cost to the hundreds of sub-contractors. An outsourced services group is the IT manager for the Florida contractor, which means they may have other customers that could use Torozo.

Torozo was designed and built around the requirements of the Department of Justice, so the global law firm is a natural Torozo customer. The legal vertical is a primary target market segment. 

Michael Gaffney, CEO of LeoNovus, commented on the news.

“In addition to the private sector Torozo customers, and because of our standing offer with the government, two new government departments reached out for information over the past month. Both have secure file transfer requirements. These are long-run opportunities but again reinforce the need for secure data transfer solutions in the public sector.”
LeoNovus is a secure data management and movement software company. The LeoNovus suite of data tools offers an organization what it needs for a complete end-to-end data-centric security solution.

Torozo is a data-centric security architecture focused on securing and protecting files. Only authenticated and authorized users and services have access to the files.

LeoNovus Inc. (LTV) opened trading at C$0.115.

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