"The email crash took us down a couple of days. Email is very important to the function of the bank, so we couldn’t take that risk of a crash again," says Robert Porter, vice president and IT director at the bank, a $275 million-asset community bank based in Hazard, Ky. The bank moved its entire email system to a hosted Safe Systems solution called SafeSysMail. It’s also using an email archiving and encryption service from Safe Systems. For a bank that only has two IT workers, the move to a hosted environment is expected to save about $80,000 over the next three years…
Cloud Computing: Ready for growth, Austin software company Gravitant raises $3.8 million
Austin-based Gravitant Inc. has spent about five years on intense software development to create a simplified way for businesses and government agencies with complex information technology needs to make better use of cloud computing.
Now that it has a proven system, called CloudMatrix, up and running, the company is seeking investors to back its sales and marketing effort.
The 26-employee company disclosed this week that it has secured $3.8 million in first-round investment from Austin’s S3 Ventures.
CEO Mohammed Farooq says his team is intent on building another sizable Austin system software company, a successor to Tivoli Systems, which went public in 1995 and was bought by IBM Corp. in 1996 for $743 million…

