multiple versions of documents. Losing this data due to a human error, a hard drive crash or a theft may hurt productivity, impact the customer relationship and put business continuity at risk.

Liability and compliance are other major concerns for many professionals dealing with confidential data or legally required to backup data, with regulations like Sarbanes-Oxley or HIPAA fixing clear obligations for data retention and storage. As a consequence, more than 40% of small businesses rank automated data backup and recovery as their primary IT need.

Backing up data on an external drive isn’t a solution: the backup doesn’t run real-time and the backup device can be stolen or destroyed along the computer it is supposed to protect. That’s why online backup, driven by the continued price reduction and reliability of broadband connections and RAID storage system, has become an attractive alternative for individuals and SOHO professionals looking for a reliable, secure and off-site solution to protect valuable data. IDC estimates revenue for this emerging market to reach $715 million by 2011, representing a 33.3% CAGR between 2006 and 2011, with consumers and small businesses adoption dominating this market for several years.

Leveraging this nascent and fast growing market and addressing the specific (and partly unmet today) needs of individuals and SOHO professionals looking for an affordable alternative to enterprise solutions, Axalot provides an easy-to-use, reliable and secure automatic online backup solution offering customers the same level of protection large corporations have been utilising for years. Axalot’s innovative solution differentiates from competition by offering several features only available today in high-end enterprise solutions, including full partition backup, including the OS, to create a bootable disk image and data de-duplication, to optimize the storage space and the upload speed.