Caringo Wins Cloud Backup Provider

Austin-based object storage software developer Caringo said today that it has scored a win with Data Deposit Box, a provider of cloud backup and recovery for SMBs. Financial impact of the win was not announced. Data Deposit Box is using Caringo's Swam object storage software. Caringo said the two have estimated a savings of $50,000 each month in OPEX due to reduction in footprint in Data Deposit's data center racks.