Company Overview

Nexo is a long-awaited, single solution to the widespread frustration users have with sharing files. We address the security crisis that was not anticipated by cloud vendors. We eliminate cloud-related limits and costs that are unnecessary for sending files. And we provide consumer-friendly software with enterprise capabilities like military-grade security and centralized administration.  

Nexo’s peer-to-peer approach does not use the cloud - it simply employs the CPU, storage and connectivity that our users already have. We are more secure because we present no target larger than a single user. We are much faster because data flows directly between our users' devices and doesn't have to contend with millions of other users to access the same cloud. And we will always be the lowest-cost provider – a Nexo user costs 1/200th of that required to support a cloud sync user. 

Management Team

Steve Douty, CEO and Director, joined Nexo in October 2014.  He has spent more than 20 years in senior management creating communications, enterprise, social media, and security solutions in roles including CEO, CMO, VP of Product Management, VP of Sales, and VP of Business Development. Steve has worked in high tech for more than 30 years, focusing primarily on bringing innovative technologies to market. During this time, he has created three exits for a combined value of $900 million, and an average return on equity of 1,750%. As a key executive at BSG, he assisted in its sale to PerSe Systems for $460 million, a multiple of 6.5X revenue for a services company. He also was the lead negotiator for the sale of Hotmail to Microsoft for $400 million. 

Prior to Nexo, he co-founded and was CEO of Smaarts, Inc., his sixth start-up venture. Smaarts delivers security solutions to enterprises using big data and real-time analytics. Prior to Smaarts, he served as Vice President of Applications and Mobile at Yahoo!, where he was responsible for a $1 billion product portfolio including Mail, Messenger, Flickr, Answers, Groups, Connected TV, and all mobile products. Prior, he held various executive roles with LivePerson (CMO), Moxie Software (co-founder and President), Octopus Software (co-founder and CEO, acquired by Ask Jeeves), Microsoft, Hotmail (COO, fourth employee and head of products, marketing, sales, and business development, acquired by Microsoft for $400 million), BSG (GM, acquired by Per-Se Systems for $460 million), Paradyne (CIO, acquired by AT&T), IBM and GTE Telenet. Steve earned a B.A. in Mathematics and Computer Science from Dartmouth College.

Don Hoffman, CTO and co-founder, is responsible for setting our overall transport technology direction and strategy.  Don brings more than 25 years of experience developing leading-edge technology and “first of kind” products with a background in all aspects of network design.  His current emphasis is on the architecture and design of our decentralized email network product.  He manages the technical development of our email platform; the engineering of our email client, server agent, and glue services; and the plug-in development for supporting legacy email clients, webmail, and social networking sites. 

Don has led or participated in the release of more than a dozen different commercial software products.  As CTO of Gnuterra, the technology subsidiary of StreamCast Networks, he deployed most P2P networks including Morpheus, Gnutella, BitTorrent, Kademlia, and FastTrack.  Prior to StreamCast, he was CTO of etrieve, a mobile email PIM innovator.  He held senior roles at Sun, Teledesic, Intel, Xerox, and Bell Labs.  Don has an M.S. in Computer Science from Northwestern University.