Australian offers a new method of uploading and storing data. The "Memory Box Backup" uses new algorithms for greater security. This new software won the 'Best Tools and Infrastructure’ award at the Asia Pacific ICT Alliance Awards and the company got the gong for 'Best Startup Company' at the 2009 iAwards. Gianpaolo Carraro of Microsoft Australia said the company deserved the honours.
Trevor Glen put the idea together on a tight budget. Now the firm is offering shares in the new product to raise capital for a propitious market launch. The developer says Memory Box offer significant return to global software companies with stockpiled cash after the financial crisis.
While the product appears to be sound the capital raising intent is aggressive. Far too strong for many potential investors. If the software is solid why is capital sought at all? History indicates that money making schemes were run in the past. A case in point was the Sarich rotary engine that went after capital for twenty years to eventually run out of steam with a dud product.
Trevor Glen put the idea together on a tight budget. Now the firm is offering shares in the new product to raise capital for a propitious market launch. The developer says Memory Box offer significant return to global software companies with stockpiled cash after the financial crisis.
While the product appears to be sound the capital raising intent is aggressive. Far too strong for many potential investors. If the software is solid why is capital sought at all? History indicates that money making schemes were run in the past. A case in point was the Sarich rotary engine that went after capital for twenty years to eventually run out of steam with a dud product.
