Henry J. Feinberg Joins Cleversafe Board of Directors

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CHICAGO, March 05, 2013Cleversafe Inc., the solution for limitless data storage, today announced the addition of Henry J. Feinberg to its Board of Directors, expanding its bench of industry veterans well versed with growth companies serving global markets. Mr. Feinberg brings more than 25 years of Fortune 500 operating and transaction experience alongside his role as Executive Chairman at Maxim Revenue Management Solutions (MaximRMS), the largest independent Revenue Management company serving multiple verticals.

“We are extremely pleased to welcome Henry to Cleversafe’s Board of Directors,” said Chris Gladwin, CEO and Founder of Cleversafe.  “Henry brings a wealth of experience leading companies through various stages of growth including raising capital, market expansion, acquisition and IPO. While we have a long-term outlook for the company, Henry’s expertise will help to guide us toward our future goals.”

Previously, Mr. Feinberg was a Partner with Technology Crossover Ventures, the world’s largest technology oriented Venture Capital firm with over $10 Billion under management. TCV led investments in Expedia, Netflix, Zillow, thinkorswim, and Mattersight among others.

Prior to TCV, Mr. Feinberg was Chairman and CEO of Rand McNally, the largest global provider of geographic information in print and electronic media. Under Feinberg’s leadership Rand McNally transformed from a traditional print publisher to a branded, fully digital, distribution driven multimedia information company.

Mr. Feinberg has held Senior Management positions with Galileo International, United Airlines, and Lear Siegler Corporation as well as a long tenured Board member at Verisk, the largest IPO in the United States in 2009.

Companies are now drowning in data. The cost of computer gear, coupled with the rate of drive failure to store hundreds of petabytes of data is simply inefficient. Over the past few years, the need for innovative technologies that can solve issues related to the storage, security, availability and reliability of massive amounts of data has steadily increased. Since the company’s founding in 2004, Cleversafe has made tremendous strides in technology innovation year over year to deliver on the capabilities of dispersed object-storage technology to solve this hyper-scale storage growth.

Cleversafe’s dsNet system protects both data and metadata equally and is inherently more reliable than traditional storage systems. By applying the company’s unique Information Dispersal technology to slice and disperse data, single points of failure and centralized synchronization points are eliminated. As data is distributed evenly across all Slicestor nodes metadata can scale linearly and infinitely as new nodes are added, thus reducing any scalability bottlenecks and increasing performance and reliability. Cleversafe’s unique approach delivers the powerful combination of analytics and storage in a geographically distributed single system allowing organizations to efficiently scale their Big Data environments to hundreds of petabytes and even exabytes today.

Cleversafe increased its IP portfolio in support of Dispersed Storage technology and presently holds 40 granted and issued patents by the United States Patent and Trademark Office (USPTO).

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About Cleversafe Inc.

Cleversafe has created a breakthrough technology that solves petabyte and beyond big data storage problems. This solution drives up to 90 percent of the storage cost out of the business while enabling secure and reliable global access and collaboration. The world's largest data repositories rely on Cleversafe. To learn more about Cleversafe and its solutions, please visit www.cleversafe.com, call 312-423-6640 or email us at sales@cleversafe.com.

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