SMEStorage receives capital investment to let businesses move their fileserver to the cloud

SMEStorage, which focuses on cloud data access and management, has received a capital investment from private investors – undisclosed but described as a “six figure sum” that will be used to grow the business. It also says that it achieved profitability in Q4 2010.

Targeting multiple operating systems and mobile devices, SMEStorage enables an open platform in which any of over 15 storage providers, such as Amazon S3 and Google Docs, can be accessed simultaneously with aggregated data being presented in a virtual cloud file system. In this way, individuals and businesses can move their fileserver to the cloud.

To date, 120,000 consumers and over 350 small businesses are using the platform, which includes several large US companies and one Fortune 50 company using SMEStorage’s on site Cloud Gateway aggregation appliance.

The London-based company has also announced that Dan Stone has become a shareholder and been appointed to be an advisor to the board. Stone has held senior IT management roles at Lehman Brothers, Barclays Capital and Standard Bank, having lived and worked in New York, Tokyo, London, and Prague where he is currently CIO at a “leading central European investment bank”.

While SMEStorage runs its marketing and main development offices in the UK, they also have a development team in the Ukraine.