ActivEcho ties into Microsoft's Active Directory access management product, which can be used to manage what kind of files individual users can access through activEcho. The product also creates an audit trail that records who accesses what files, Lofgren said.

All data handled by activEcho is encrypted. The product uses SSL (Secure Sockets Layer) encryption when the data is being transferred and 256-bit AES encryption when the data is stored, Lofgren said.

A remote wipe ability is also built in. When an administrator hits the wipe command, however, only the data stored within activEcho is wiped and not, for example, all of the data on an iPad or a laptop, Lofgren said.

GroupLogic has not had activEcho evaluated by a third-party security auditor yet, but Lofgren said it has been reviewed by the companies that have been testing it.

One of GroupLogic's beta testers is Bank of the Ozarks, which runs more than 100 banks in the southeastern U.S. Ron Kuykendall, Bank of the Ozark's chief information officer, said the bank needed a secure way to collaborate on files with partners. The bank looked at other cloud-based solutions, but security was top priority, he said.