According to a new press release, “InCountry, the first data residency-as-a-service platform, today announced the launch of its service and first product offering… Already operating in 50 countries, the funding will be used to grow the team, expand product offerings and scale its services to more than 100 countries. Today’s global businesses are facing new and stringent data regulations as governments pass country-specific laws to protect data produced within their borders. These laws can be murky and change at an unpredictable rate, resulting in a large number of businesses who have yet to adapt accordingly. Even with the considerable cost of non-compliance, ranging from $800,000 fines to billion-dollar lawsuits, an estimated 74 percent of companies operating in the EU still don’t meet data residency requirements.”

The release goes on, “What’s standing in the way of compliance is a lack of time, resources and domain expertise. InCountry steps in to take care of all data compliance needs for companies currently or looking to operate globally. The company is launching a first of its kind, all-in-one solution that stores data locally in its country of origin, taking away compliance worries in an ever-changing regulatory landscape. Furthermore, InCountry has partnered with international law firms, and has a dedicated team of experts who act as an extended research team across the globe, ensuring data is properly hosted, processed, secured and regulated.”

Read more at WebWire.

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