MatrixView launches SQZit data compression technology

ASX-listed MatrixView is hoping that the commercial release of its SQZit application will see it become a major player in the data compression space.

SQZit uses a patent-pending compression technology, adaptive binary optimisation, to compress files up to 300 percent faster than current technologies, according to MatrixView.

With the launch of SQZit, which also claims to reduce storage requirements by more than 90 percent, the company is looking toward mass market email and database space providers such as Yahoo! and MSN.

With the exponential growth in the number of new IP addresses and emails, an alternate data compression technology was needed to help control costs and delays associated with data management, MatrixView chairman Arvind Thiagarajan said.

Thiagarajan said that MatrixView was also shopping the technology, which can that recognises and optimises different types of data separately, to storage vendors such as HP and EMC.

“Performance results have shown that in image management, SQZit is able to gain savings of up to 40 percent on existing technology and can reduce storage needs by more than 75 percent,” he said in a statement.

SQZit was also appealing to companies such as such as Cisco Juniper and Citrix, in network traffic management and for delivering video, images and data over LAN, internet and wireless networks, the company said.

Currently SQZit is in trial with several USA-based Fortune-100 companies and MatrixView OEM partners.