Investment Thesis: The tectonic shift in data center environments to virtual and cloud based application and storage infrastructure has now accelerated to an inflection point within the small to mid-tier enterprise markets. With research firm IDC estimating data storage doubling every two years, the need for storage resources which can handle complex and mixed systems that combine both file and block data (i.e. unified data storage) doubles as well. At the same time, <Fortune 2000 small-to-midsize IT enterprises are extremely cost sensitive. Through IceWEB’s proprietary IceSTORM™ Operating System for virtual and cloud environments, IWEB offers “EMC/NetApp” like storage/back-up/Disaster Recovery functionality at up to 90% LOWER direct and indirect cost-of-ownership expense. IWEB is now poised to exploit its low cost/high spec value proposition within the $200 billion annual <Fortune 2000 enterprise market for unified storage systems.