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ioFABRIC CEO Steven Lamb Honored in the Annual 2016 CEO World Awards(R) as Gold Winner, Most Innovative CEO, Software

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TORONTO, ON--(Marketwired - May 17, 2016) - Steven Lamb, CEO of ioFABRIC Inc., has been announced as a gold winner in the prestigious CEO World Awards® in the category of Most Innovative CEO, Information Technology Software (11-99 employees). The coveted annual CEO World Awards program encompasses the world's best in categories such as leadership, innovation, and new products. Organizations from all over the world are eligible to submit nominations, including public and private, for-profit and non-profit, largest to smallest, and start-ups.

Steven Lamb realized in early 2013 that the way companies were storing and managing data needed to change. The demand for data storage in organizations exceeds the available resources -- both physical and financial. The data storage problem is compounded by the fact that companies have little choice but to purchase purpose-built data storage systems that ultimately create more problems than they solve. This leads to a fractured infrastructure that is costly and complicated to maintain.

It's not an easy problem to solve, and to solve it would change the fundamental way companies have been storing data. But that is what Lamb did when he envisioned a software-defined product that became ioFABRIC Vicinity. Vicinity increases storage capacity and performance with intelligent automation that extends and embraces old and new storage hardware. Vicinity transforms storage seamlessly to keep pace with the future of datacenter technology.

"Industry and peer recognition such as this is extremely gratifying. I am proud and humbled to have been selected Most Innovative CEO," said Lamb. "The team at ioFABRIC has worked hard to bring our transformative solution to the market. We are committed to solving complex data storage issues in ways that will change the industry."

About the CEO World Awards
CEO World Awards are an annual industry and peers recognition program honoring CEOs and companies of all types and sizes in North America, Europe, Middle-East, Africa, Asia-Pacific, and Latin-America. The Annual CEO World Awards is part of the SVUS Awards® recognition program from Silicon Valley in the United States of America, which also includes other programs such as Consumer World Awards, Customer Sales and Service World Awards, Golden Bridge Awards, Globee Fastest Growing Private Companies Awards, Info Security's Global Excellence Awards, Network Products Guide's IT World Awards, Pillar World Awards, PR World Awards, and Women World Awards. Learn more about The CEO World Awards at www.ceoworldawards.com.

About ioFABRIC
ioFABRIC Inc. is a software-defined storage company that increases business agility while reducing storage costs. Its vision is to transform storage into something a business can simply depend on, eliminating admin demands, and freeing IT time to focus on true business innovation. Its flagship product, ioFABRIC Vicinity, drastically reduces storage OPEX and CAPEX with intelligent automation and growth through commodity hardware and the cloud. Vicinity Solutions are available to extend existing storage systems, solve migration problems, and deploy as distributed storage, hyperconverged, or Docker. Vicinity is sold through ioFABRIC's reseller and distribution channel, supported by its industry leading LEaD program. Partners sell Vicinity as licensed software with support or by white-labeling it with additional hardware and/or software. Founded in 2013 by an executive team that has worked together for more than 20 years, the company is funded by private investors and Real Ventures. ioFABRIC is an industry leader in customer service and product development: agile and responsive. For more information visit www.ioFABRIC.com/Learn.

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