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Tresorit was founded in 2011, after two years of joint research by Szilveszter Szebeni, Istvan Lam and Andras Eisenberger, three IT engineering students of the Budapest Technical University (BME), together with Dr Levente Buttyan, senior lecturer of BME's CrySyS Laboratory. Their original research topic was encrypted file sharing using peer-to-peer file systems, designing a system which is practically undecodable. While working on this they discovered that the newly developed technology works with cloud systems as well. In the business world it is very important to make these systems secure. The security issues in connection with cloud file storage are the biggest obstacle to the spreading of cloud services. Other similar services are just simply not that secure while they are very easy to use. We wanted to achieve the same but using complete encryption. Our technology is an excellent solution to cloud security issues."- said Istvan Lam, CEO-founder of Tresorit Kft.