CloudCentral has introduced Software Defined Storage (SDS) offering following its acquisition of intellectual property from DEY Storage Systems.
The strategic agreement was announced by CloudCentral's founder and chief executive officer, Kristoffer Sheather, ahead of his firm's reverse listing on the ASX in June.
Sheather said the agreement with DEY Storage Systems would introduce SDS services to CloudCentral partners and develop new opportunities for the Australian cloud provider.
DEY Storage Systems raised $3 million of funding in 2012 to develop datacentre storage management software.
The California-based company was formed to provide storage solutions using a more 'open' software delivery model.
The software enables large datacentre customers to buy high performance storage at lower costs than when using traditional storage vendors, according to a company statement.
The model is similar to those methods used by Google, Amazon and Facebook to keep storage costs low, whilst retaining the high levels of reliability, performance, scalability expected by enterprise and government customers.
Sheather said it was a transformational deal from both a technology and investment perspective.
"The addition of SDS services eliminates the need to pay third parties for storage and gives us more control over the future development of our platform," he said.
"This means that for any customer, Cloud computing will become a lot more cost-effective and can be expanded in smaller increments than those offered by major Australian competitors.
Sheather said expanding into the private Cloud created a completely new offering for his company, while reducing costs for our public cloud customers.
"We would be the first Australian cloud provider to own their entire stack from end to end, and doing it in a completely unique way," he said.
All data is stored onshore, the company said.
Sheather expects the new product to allow CloudCentral to undercut larger competitors, and attract customers at enterprise and government level on a global scale.
"It's a massive opportunity," he said.
"We will be able to sell an integrated Cloud system at up to half the price of the legacy incumbent competitors."
"We can either embed our software into the Cloud based storage we sell, or the software can be purchased by customers to install on their own hardware," he said.
Richard Elling, who was Chief Technology Officer (CTO) of DEY Storage Systems, is currently a member of the CloudCentral advisory board and will remain an advisor to the company under the terms of his existing advisory agreement.
Garrett D'Amore, co-founder and VP of Engineering at DEY Storage Systems, will be providing consulting and advisory services to CloudCentral on an ongoing basis.
When the newly renamed CloudCentral Limited (formerly Dromana Estate) is floated the company expects to raise a minimum of $3.5 million from their Initial Public Offering (IPO).