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OwnCloud, a young company founded in response to concerns over secure data storage and sharing, has now raised $6.3 million in Series A funding, The Wall Street Journal reports. The company got its beginnings in 2010 when co-founder and CTO Frank Karlitschek concluded new cloud computing services were a threat to data security and privacy and so wrote an open-source code and put a community of developers on the case. The company differentiates itself from competitors by giving corporate IT departments control over where the data is stored, the report states. (Registration may be required to access this story.)
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