• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

My TechDecisions

  • Best of Tech Decisions
  • Topics
    • Video
    • Audio
    • Mobility
    • Unified Communications
    • IT Infrastructure
    • Network Security
    • Physical Security
    • Facility
    • Compliance
  • RFP Resources
  • Resources
  • Podcasts
  • Subscribe
  • Project of the Week
  • About Us
    SEARCH
Network Security

Firm Saves Money and Secures Data with Cloud Storage

Little Venice Partners (LVP) in London recently switched to Tresorit after a data breach left them feeling unsecure.

March 9, 2015 Jonathan Blackwood Leave a Comment

Little Venice Partners (LVP) is a boutique financial advisory and corporate development firm specializing in company growth, project equity and debt advice, as well as managing the M&A process from both the buyer and seller perspective. Based out of the Mayfair district in London, LVP has clients all over the world working on multimillion dollar projects.

Working in this industry, absolute security of stored data is a must, so LVP sought a way of sharing files in a secure way with both its clients and investors.

Robert Frodsham, an associate at LVP, explains, “After one of the partner’s Dropbox accounts was compromised as part of the standard way cloud file sharing and licensing works, access to our stored data was being shared with unintended third parties. Following this unauthorized access of information, we realized that we needed a more secure solution moving forward and decided to look elsewhere.”

LVP sought a new storage solution that would better prevent future data breaches and allow for frictionless collaboration, as LVP’s clients are located around the world. After some preliminary research, the firm began testing a number of secure alternatives to replace their cloud storage provider. Unlike most mainstream products, secure collaboration services like virtual data rooms tend to be difficult to integrate into the day-to-day office environment. Their effective and secure deployment often requires technical expertise from IT staff, while employees can struggle to stay productive using services that are less intuitive than consumer-grade options. After trying a number of products, LVP eventually decided to incorporate Tresorit into the firm’s everyday workflow.

“The area we focus on with our product is enterprise or business file sync and share with a cloud based service,” says Chris Houle, COO of Tresorit. “We employ a method of encryption which essentially ensures that you never have any unencrypted information anywhere other than the device of the person who owns the data or the device of the person with whom the owner is sharing data. Anywhere along the way — whether in transit, in the cloud, on the server, in possession of the vendor —it’s encrypted.”

Robert and his associates found it easy and quick to set up an environment for sharing highly sensitive documents between several firms collaborating on their deals. Business partners have experienced no problems in installing and using Tresorit. Meanwhile, LVP retains total control over its deal documents thanks to permission levels and recently launched central administrative features in Tresorit for Business. Since switching to Tresorit, LVP hasn’t experienced any threat to its data and is able to work with clients without thinking twice about whether or not data can be shared and stored securely.

“The cheapest non-Tresorit quote we got for hosting a data room was about 600 EUR to set it up and then 500 EUR a month thereafter,” says Frodsham. Currently, LVP has a Business account with Tresorit allowing for a total of 4TB of cloud storage, with the firm constantly cycling new data in and out. Relying on the level of control Tresorit provides, LVP is able to utilize it as a secure, easy-to-use data room at only 20 EUR a month per user.

The firm is currently handling a highly complex merger and acquisition process, with the overall procedure involving input from nearly a hundred individuals from a multitude of consulting and legal firms working on the deal. Tresorit allows LVP to manage the project without giving up control over which files can be accessed, downloaded to a device, printed, or shared. With Tresorit embedding security straight into data itself, LVP is able to ensure that their data can no longer be accessed and distributed after the financial transaction is over with any particular client.

Jonathan Blackwood
Jonathan Blackwood

Jonathan Blackwood is the Editor-in-Chief of TechDecisions. Jonathan joined TechDecisions in 2014 and writes about technologies that help to innovate and improve practices for companies of all sizes, K-12 and higher education, government, healthcare, hospitality, retail and large venue spaces. He is especially interested in the future of work and education and the Internet of Things. Follow him @BlackwoodTweets.

Tagged With: Corporate, Data Security, Storage

Related Content:

  • ChatGPT, OpenAI, Artificial Intelligence, AI development Pump the Brakes on AI Development, Tech and…
  • Barracuda networks ransomware, cyberinurance Ransomware Actors May Be Targeting Organizations With Cyber…
  • Bitwarden Secrets manager Bitwarden Releases Beta of Secrets Manager for DevOps…
  • Zoom Okta E2EE Zoom Users Can Now Use Okta to Authenticate…

Free downloadable guide you may like:

  • Four IT Trends That Will Define 2023Expert Series: Four IT Trends That Will Define 2023

    Learn about four key technologies we identified as critical to your IT organization’s success in 2023, as well as how to invest in new innovations emerging from each.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the FREE Tech Decisions eNewsletter

Sign up Today!

Latest Downloads

Four IT Trends That Will Define 2023
Expert Series: Four IT Trends That Will Define 2023

Learn about four key technologies we identified as critical to your IT organization’s success in 2023, as well as how to invest in new innovations ...

Harnessing the Power of Digital Signage
Harnessing the Power of Digital Signage

Choosing the best solutions for messaging, branding, and communicating in today’s content-everywhere landscape

Blueprint Series Cover: What works for hybrid work
Blueprint Series: What Works for Hybrid Work

Download this free resource to learn about how IT leaders can effectively manage and implement a hybrid work model.

View All Downloads

Would you like your latest project featured on TechDecisions as Project of the Week?

Apply Today!
Sharp Microsoft Collaboration HQ Logo

Learn More About the
Windows Collaboration Display

More from Our Sister Publications

Get the latest news about AV integrators and Security installers from our sister publications:

Commercial IntegratorSecurity Sales

AV-iQ

Footer

TechDecisions

  • Home
  • Welcome to TechDecisions
  • Subscribe to the Newsletter
  • Contact Us
  • Media Solutions & Advertising
  • Comment Guidelines
  • RSS Feeds
  • Twitter
  • Facebook
  • Linkedin

Free Technology Guides

FREE Downloadable resources from TechDecisions provide timely insight into the issues that IT, A/V, and Security end-users, managers, and decision makers are facing in commercial, corporate, education, institutional, and other vertical markets

View all Guides
TD Project of the Week

Get your latest project featured on TechDecisions Project of the Week. Submit your work once and it will be eligible for all upcoming weeks.

Enter Today!
Emerald Logo
ABOUTCAREERSAUTHORIZED SERVICE PROVIDERSTERMS OF USEPRIVACY POLICY

© 2023 Emerald X, LLC. All rights reserved.