EU Business News February 2018

10 EU BUSINESS NEWS / Q1 2018 , TeamDrive: Secure Collaborations TeamDrive Systems develops andmarkets collaboration software for an easy and secure collaboration over the Internet. We profile the firmand explore the unique solution it offers. Established in 2008 as a spin-off from SNAP Innovation GmbH, TeamDrive Systems offers an innovative solution designed to meet the varied needs of its clients. Both companies are based in Hamburg, Germany. TeamDrive has a development team of 10 in-house developers in Hamburg and a small development team near Vancouver, Canada. The company is profitable and self-funded. All shareholders are active in the team. The development is completely developed and owned by TeamDrive. Currently, there are more than 550,000 users who are using TeamDrive client software. In addition to online sales via the TeamDrive online shop, TeamDrive actively works with a reseller and partner network throughout Europe. TeamDrive also licenses its technology to other companies as private label or OEM versions. The company’s solution is a secure sync and share solution for business users and government organizations alike. The solution automatically monitors your files and syncs any changes between you and your team members. All data is highly encrypted before it leaves your computer and the encryption keys remain in the customer’s hand. Easy self-management, automatic file versioning and a full audit trail in each Space (data room) makes TeamDrive the preferred collaboration solution for all users who seek the highest level of privacy and security. Paired with ease of use and low-cost cloud services (hosted in Germany and upholding EU-GDPR standards) or, alternatively, using on-premises or hybrid hosting solutions. Whether you are in the office using Windows, Linux or Mac computers or are on the road using iOS or Android mobile devices, you are always in sync with your team and can access the latest files, even if you are offline. As such, Teams can start collaborating in minutes by simply downloading the TeamDrive client and syncing data. Exchange data with guaranteed privacy between remote teams, across corporations and also via untrusted networks. With its built-in encryption technology, TeamDrive replaces the need for VPNs (virtual private networks). TeamDrive is based on modular and flexible architecture. The solution is highly scalable and serves companies in Europe with multiple thousands of TeamDrive Clients. Whether you are a small team, a legal office, a doctor, a consulting company, a large business or a government entity, TeamDrive has the right solution for you. The majority of our customers are businesses in Europe. The client is available in English, German, French, Dutch, Spanish and Finnish. Small businesses, schools and non-profit organizations like TeamDrive for its ease of use and attractive pricing (free for non-commercial use). Business customers pay an average of € 4 per user per month for the full service. TeamDrive is recommended by the German Lawyer Association (Deutscher Anwaltverein DAV) as the only sync and share solution suitable for their 67,000 members. EU organizations in Luxembourg and Brussels use TeamDrive. Lawyers and tax advisers in the Netherlands and Germany as well as various health organizations, hospitals and doctors are also among the 550,000 plus TeamDrive users using TeamDrive to exchange files securely. TeamDrive is HIPAA compliant which is required by medical customers from the United States. Ultimately, within the corporate landscape, more and more companies learn, use and enjoy the comforts of using cloud services. Accessing data anywhere at any time, collaborating securely with distributed teams and collecting files and information centrally without the need to invest in expensive infrastructure, backup and security. All this is offered 1801EU02 by Microsoft, Amazon, Google and multiple other cloud service providers. Security is granted by many services. But lack of privacy is a major concern, which is often downplayed or neglected. Users are often unaware of who can access, spy on or collect transmitted or stored data. Many companies and users are required to keep certain information private and become liable if they do not comply. Having these users and use cases in mind, TeamDrive developed zero-knowledge technology and an infrastructure, which guarantees such requested privacy. At the same time, the for, provides as much comfort as possible to make this technology easy to use and offer easy self-management by any user. Complicated key exchange, maintaining secure key repositories and encrypted messaging processes are hidden behind easy to remember tasks like inviting a team member using her email address. It is that simple. Looking ahead, using the available APIs, the TeamDrive technology is growing toward providing a secure transportation layer for IoT (Internet of things) and machine collaboration. This is part of the future directions of services for this dynamic and innovative company.