SAN DIEGO, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Tenzar Technologies has developed a next-generation Data Transfer Protocol (DTP) technology that speeds up the transfer of files and datasets across cloud infrastructure and eases the shipping of thousands of files from on-premise computers to data centers. Usage of Tenzar’s technology in compute-intensive cloud infrastructure environments has shown to reduce infrastructure storage costs due to its built-in data deduplication and generate maximum transfer speeds for files and folders. Tenzar has engaged Objective Capital Partners, LLC, as its financial advisor to assist in a sell-side M&A process.
Organizations that perform frequent data transfers benefit from a significant decrease in the time required to ship data to, from, and within cloud infrastructure with DTP. After developing a high-performance computing platform, Tenzar recognizes that its data transfer technology would have the highest value if integrated with the products or solutions of an established company.
“We believe in the value of this technology to improve the way companies move data across cloud infrastructure,” says Kevin Yedid-Botton, Founder and CEO of Tenzar. “The technology is equivalent to a toll-free high-speed data highway because it accelerates the movement of data through optimization algorithms and also reduces the costs associated with bandwidth and data storage. The potential for the technology to be applied to genomics, machine learning, data science, multimedia, or other software applications is significant because it saves real human hours and dollars. I think people have gotten used to suboptimal data speeds, but this technology changes that.”
Tenzar is exploring the sale of its data transfer technology assets with potential strategic acquirers that can leverage the technology within their solutions. Inquiries regarding Tenzar's technology platform may be directed to Objective Capital Partners.
About Tenzar Technologies, Inc.
Tenzar is a software and computing technology company that provides products for compute-intensive applications, such as machine learning, genomics, data science, and scientific computing. Tenzar's Data Transfer Protocol enables maximum transfer speeds to and from cloud infrastructure and other devices. Tenzar is based in San Diego, CA.
About Objective Capital Partners
Objective Capital Partners, LLC is a leading mergers and acquisitions (M&A) investment banking firm focused on transactions for privately held companies with enterprise values up to $250 million. Founded in 2006, Objective's seasoned professionals have collectively executed over 500 M&A and advisory engagements within its four industries of focus. For more information, please visit www.objectivecp.com.
Forward Looking Statements:
This press release contains "forward-looking statements" regarding matters that are not historical facts. Words describing the engagement of Objective Capital and the section "About Tenzar" include such words as "potential," "selling," "could," "will," and "seeks," and similar expressions, and are intended to identify forward-looking statements. These forward-looking statements are based upon current expectations of Tenzar and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties.
The principals of Objective Capital Partners, LLC are registered representatives of BA Securities, LLC Member FINRA SIPC, located at Four Tower Bridge, 200 Barr Harbor Drive, Suite 400 W. Conshohocken, PA 19428. Objective Capital Partners, LLC and BA securities, LLC are unaffiliated entities. All investment banking services and securities are offered through BA Securities, LLC, Member FINRA SIPC.
Objective Capital Partners Contact:
Michael Kim, Managing Director
Kevin Yedid-Botton, CEO