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Cloud Storage Provider Symform Gets $8M Investment, Waits For Strategic Investor

By Joseph F. Kovar
April 26, 2012    6:35 PM ET

Page 2 of 2

Symform has yet to enjoy a positive cash flow, Schiltz said. "Right now our focus is on investment and in growing the market," he said. "We don't anticipate being cash flow positive until our next series of investments, expected in 2014."

The majority of Symform's business comes from the approximately 500 MSPs who have already signed on as partners, Schiltz said. Those MSPs offer the Symform storage cloud either as part of a package of services or as a stand-alone service, he said.



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