Released on: May 14, 2008, 5:26 am

Press Release Author: Memopal

Industry: Internet & Online

Press Release Summary: A million dollar seed investment to create a storage platform
and distributed file system optimised for online storage: cost-effective, reliable
and accessible from the web

Press Release Body: Memopal (www.memopal.com) is a European start-up created in
December 2007 with a seed investment of USD 1 million by business angels.

Memopal has just released a storage and online backup solution, now moving out of
private beta. With this single product, Memopal brings to market an online storage
solution with real-time sync and a long-term backup. Memopal's idea is to make the
cost per GByte so low that it will be cheaper to buy more storage space than delete
unwanted files.

For years the mission of many e-businesses has been to organize web data. It is
Memopal's wish to create an online storage technology that allows user data to be
organized.

Memopal uses MGFS, its own distributed file system.

The main features of MGFS are:
. Up to 100 million TBytes storable in a single file system.
. Checksum-based archiving
. Native data encryption and compression
. RAID 5-like geographical redundancy
. Native File Indexing
. Hot-add scalability
. Native Hardware Health Monitoring

Memopal includes the following services and features:
. Sync Real-Time: every time the user saves a file it is protected online (if it is
in the folders the user has protected using Memopal).
. Versioning: every time the same file is saved Memopal automatically creates a new
version, saving only the incremental data.
. Search: file searches can be done using a web interface.
. Single-user - Multi-computer: Users can protect the data of more than one
computer. The files are all searchable with the same search engine.
. 1-click sharing: users can send any of their stored files to friends or colleagues
using Memopal. Just click on the file and decide how long or how many downloads the
file will be available for. The system automatically creates a link for downloading
or sending it by email.
. Web access: Access via browser or WebDav.

Memopal is now localized in Chinese, English, French, Finnish, German, Hebrew,
Italian, Japanese, Portuguese and Spanish. Soon will be available in 40 languages.

Memopal already offers a 250 GByte backup solution for desktops for USD 99 a year.

A Developer SDK, Mac and Linux clients will be released in June.

Further information is available on www.memopal.com or www.memopal.com/en/press-kit.htm

Davide De Guz
Marketing and communications director
Phone: +39 06 90254255
Mobile: +39 338 8691424
Email: davide.deguz (at) memopal dot com

Lucia Bracci
Press office manager
Phone: +39 06 90254250
Mobile: +39 349 5565037
Email: press (at) memopal dot com

Web Site: http://www.memopal.com/en?ref=PR_FP

Contact Details: MemoPal
Via Nepal, 29
00144 Roma (RM)
Italy
tel. +39 338 8691424
fax +39 06 233209768
press@memopal.com
http://www.memopal.com