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BOSTON, MA -- (Marketwired) -- 09/10/13 -- SageCloud, Inc., a leader in ultra-reliable storage systems at disruptive price points for inactive data, today announced that Jeff Flowers, CEO of SageCloud and former CTO and Founder of Carbonite, will join the Oktay Technology Big Data Lecture, to be held in New York at The Cutting Room on September 19th, to present on the emerging need for cost-engineered storage solutions across a range of use cases where the growing accumulation of inactive data demands a new, more cost-effective approach. Flowers' presentation is part of a powerful agenda, including presentations from representatives of Cray Computing and Continuuity, assembled by Oktay Technology, a leading Wall Street technology advisory firm.

Fueled by rapid growth in archival and backup storage and the increasing importance of Big Data analytics, the market for digital data storage is forecast to grow 60 percent annually in the coming decade. However, industry analysts estimate that as much as 80 percent of that data growth qualifies as Cold Data -- inactive data that is written once and infrequently accessed. SageCloud's technical team is developing an approach that will work effectively across all the applications that require storage of Petabyte-scale collections of inactive data, from backup to big data, dramatically lowering the cost of storage while offering robust reliability, high-throughput and energy efficiency.

SageCloud Founder and CEO, Jeff Flowers, identified the emerging need for next-generation cold storage solutions as a result of his experience at online backup solutions provider Carbonite, which he co-founded and helped lead as CTO. "SageCloud has developed powerful system software which leverages open-standards enclosures and economical commodity drives to optimize energy efficiency, drive sustainability and long-term data preservation for customers' data centers," said Flowers. "In this way, we are revolutionizing the economics of data storage."

About SageCloud
SageCloud's mission is to deliver breakthrough price points for Cold Storage -- cost-effectively managing storage of petabyte-scale data that is written once but infrequently accessed. With SageCloud, data center professionals can reap the benefits of storage on disk at price points approaching storage on tape. To achieve these economics, the SageCloud team has integrated open source and proprietary software to resolve the data durability deficiencies of commodity drives and leverage better power management designs of open stack enclosures. SageCloud is headquartered in Boston, MA.

About Oktay Technology
Oktay is a leader in high volume, ultra-low latency computing, massive parallel processing, big data analysis and emerging technology. Founded by Steve Yatko, formerly the Managing Director and Head of the IT Research & Development Group at Credit Suisse, Oktay advises in enterprise computing for large-scale financial and analytic trading systems. Oktay is also active in the emerging technology involved in Algorithmic Trading Systems, HFT Trading Systems, Market Data Ticker Plants, Big Data Analysis, Transaction Processing, Massively Parallel Processing, Ultra-low Latency Networking, Software Defined Networking, Storage Innovations, and Virtualization. Oktay Technology is headquartered in Bedminster, NJ, with offices in New York City.