Brazilian cloud services provider Mandic will offer a file hosting product that is being marketed as a more secure alternative to tools such as Dropbox and other popular cloud-based storage services.
The True Box service is a file syncing tool that is cloud-hosted and aimed at the corporate market and will be available from the second week of March. Packages start with 10 users and 50GB of shared storage space at R$ 22,90 ($9,60) per user - but Mandic is emphasizing security as the main highlight of the service.
"Customers have asked for a local file sharing solution with security as the most important feature, so we launched Mandic True Box as a response," says Mandic's chief executive Maurício Cascão.
"True Box offers a higher level of security, performance and client management that other solutions don't. We are aware that nowadays, a large number of corporate users are sharing and storing files on solutions designed for end users which are more vulnerable and don't comply to many regulations that a corporate solution can offer," he adds.
True Box has an additional security layer and offers a dedicated virtual machine to each customer, according to Mandic. The company points out that this set-up eliminates the risk of contamination from different customers in the event of security issues. Administrators can also view which users are sharing files and with whom.
The file hosting tool also incorporates mobile device management (MDM) features compatible with Windows, Android and Blackberry-based smartphones that enable users to delete data from lost or stolen devices.
According to Mandic's Cascão, the expectation is that True Box will represent 10 percent of the company's revenue within a year from launch.
Mandic is an internet pioneer that started out as Brazil's first ISP then morphed into a cloud services provider. The company was acquired in 2012 by private equity firm Riverwood Capital.
The company has since received investments from other backers such as Intel Capital, a stakeholder since December - the cash is now being invested in strenghtening Mandic's position as a one-stop-shop for corporate cloud services in Latin America.