Founder : Anthony DeCristofaro
Location : Toronto, Canada
Target : $5,000,000
Share Type : Common StockBusiness Overview
Qnext’s provides consumers and business users with affordable, secure, unrestricted, seamless access to 100% of their files and data. From any desktop, laptop, tablet or smart phone, no matter where the data is located, users are able to access, share, stream and collaborate as if the files were located on their device. Qnext achieves this with a revolutionary patented solution called FileFlex. The benefits are compelling. For example, router manufacturers can embed FileFlex and change it from a device for sharing broadband into a smart two-way information gateway adding cloud, NAS and network infrastructure access capability. For enterprises, it disrupts traditional cloud and EFSS solutions by injecting Dropbox-like functionality into 100% of an organizations storage infrastructure. Transaction Overview
- To date, CDN. $10.7 million has been invested in the business with founders investing $3 million and individual investors, friends and family, providing $7.7 million.
- The Company is seeking $3.0 million USD in equity investment in the form of common voting shares to recruit staff, advance OEM and North America channel partner sales, marketing and software development.
Investment Highlight
- Qnext is now engaged in licensing discussions with top global router manufacturers, NAS manufacturers, storage/PC manufacturers, telecommunication/Internet providers and master MSPs with agreements already signed with Drobo and QNAP.
- Qnext has also entered into a partnership with Asigra Inc., a global back-up software provider. In return for revenue sharing, Asigra will promote, market FileFlex to its network of 600 MSPs. Asigra is also a strategic investor in the company.
- Qnext has signed NDA and in final negotiations with top 6 WiFi OEM manufacturers as well as global agreements with Drobo (Silicon Valley) and QNAP (#2) global NAS OEMs.
About Management Team
- Anthony DeCristofaro (President & CEO) - Anthony is an industry veteran who has overseen M&A transactions valued at more than CDN $600 Million. Prior to establishing iseemedia Inc, he was co-founder of MGI Software, where he attracted strategic investment from Intel and developed OEM relationships with Sony, Panasonic, IBM, Compaq and Dell.
- Thomas Ward (VP Marketing) - Tom was a founding employee of ATI Technologies Inc and has held senior sales and marketing positions at ATI, NEC, AST, MGI Software, Celestica and Sanmina-SCI. He holds an MBA from the Schulich School of Business at York University.
- Gaetan Jeannot (VP Technology & Product Management) - Gaetan is an industry veteran that has held product management and engineering roles with RealBiz Media, Roxio, MGI Software, AST, NEC and Microsoft.
- Madhukar Murthi (VP Business Development) - Madhukar is a senior business development executive that has held senior sales roles as vice president and director at Softcom, Broadhop, Openet, Sandvine, iseemedia and Slipstream Data.
About Our Product
- Qnext has developed two solutions on its core technology: 1. FileFlex Personal for individuals (consumers and SOHO users); and 2. FileFlex Enterprise for businesses and organizations. With FileFlex Personal:
- Users can remotely access and share files and folders no matter where those files are stored.
- Users and/or any email contact can stream movies, video and music directly to their mobile devices.
- Organizations can provide secure remote access and sharing capabilities to 100% their data, on-premise with data residency.
- Includes a management console, security for data-at-rest, user administrative control, MS Active Directory, collaboration capability, multi-tenant support, VM deployment, remote management, off-site deployment, server management tools, and customization services.
With FileFlex Enterprise:
About Industry
- 1. WiFi Router Market The company's initial target 183 million unit WiFi router market was worth US $15 billion in 2015 and is projected to reach $34 billion by 2020, with penetration of broadband WiFi devices projected to be 70+ percent of global broadband households by 2019. FileFlex disrupts and penetrates this market by providing access to router-attached storage and seamlessly integrating routers with networked storage devices. Discussions with all major router OEMs are well under way. 2. Enterprise Accessible Storage Market The demand for accessible storage has driven explosive growth in both public and private clouds. The public cloud storage market was US $72.9 billion in 2014 with CAGR of 27.6 per cent, the private cloud storage market was US $32 billion in 2013 with a CAGR of 40 per cent and the enterprise file share and sync market (EFSS) representing US $200 billion by 2018.
- According for Forrester Research a significant shortcoming of cloud storage is that it covers only a small portion of the available business data wuth little appetite to move, migrate, or duplicate content to take advantage of EFSS such that critical content that needs to be remotely accessed or shared often sits in-house and is inaccessible.
- FileFlex addresses 100% of an organization's storage and meets the increasingly urgent needs of numerous organizations that cannot use existing cloud solutions due to cost, know-how, privacy, security, data residency and regulatory reasons.
Financials
Available on further discussion with registered investors.
About Competitor
- The need to access and share is driving the need for always accessible storage and both consumers and organizations are being attracted to the storage of cloud solutions to address this need. With FileFlex, users keep their files where they are. They securely access, share or stream that content right from where it was saved. Users don’t need to build a private cloud or copy anything to a third party provider.
- Outside of a limited free trial, current offerings are expensive. FileFlex leverages existing storage.
- Some data can be synced but not all, forcing users to be selective. FileFlex makes 100% of all data accessible and available to be shared from anywhere.
- The competing services are impractical for streaming large media collections that would require very long upload times. FileFlex grants permission to content from source location so there’s no need to upload before one can access and stream.
- For organizations, with competing solutions data is still fragmented, some data can be synced but not all, current offerings are expensive, require a high degree of technical integration and have privacy and security issues, outages, and data breaches. All issues that are addressed by FileFlex.
Exit Strategy
Qnext management expects that with the many factors contributing to the upside potential for the company, multiple exit strategies will be available in the next 18 to 24 months. In addition to a potential public listing on a major stock exchange, there are several categories of industry participants for whom the company could be a strategic acquisition or merger including certain global enterprise software and channel partners with which the company is developing relationships at this time.
Risk Warnings
Disclosure: Investing in startups carries a high degree of risk. In general, financial and operating risks confronting both early and developmental-stage companies, as well as more mature expansion-stage companies are significant. Many emerging growth companies go out of businesses every year. It is difficult to know how companies will grow, if at all, or what changes may occur in the market. A loss of an investors entire investment is possible and no profit may be realized. Investors are responsible for conducting their own due diligence.
* It should not be assumed that recommendations made in the future will be profitable or will equal the performance of securities in this list
- Qnext has developed two solutions on its core technology: 1. FileFlex Personal for individuals (consumers and SOHO users); and 2. FileFlex Enterprise for businesses and organizations. With FileFlex Personal:
- Users can remotely access and share files and folders no matter where those files are stored.
- Users and/or any email contact can stream movies, video and music directly to their mobile devices.
- Organizations can provide secure remote access and sharing capabilities to 100% their data, on-premise with data residency.
- Includes a management console, security for data-at-rest, user administrative control, MS Active Directory, collaboration capability, multi-tenant support, VM deployment, remote management, off-site deployment, server management tools, and customization services.
With FileFlex Enterprise:
This section of information is for our registered investor only. Please Sign Up as a Shanghai Valley investor.
This section of information is for our registered investor only. Please Sign Up as a Shanghai Valley investor.
This section of information is for our registered investor only. Please Sign Up as a Shanghai Valley investor.
This section of information is for our registered investor only. Please Sign Up as a Shanghai Valley investor.