Earlier this week, stealth startup CloudOn released a free iPad app that aimed to bring the functionality of Microsoft Office to the iPad. One day later, the company declared the app "sold out" and pulled it until they could expand capacity.
It has since been relaunched for some users, and will be opening up to more over time. In a post about the first day of CloudOn's public availability, the company shares some additional information about its privacy and security policies.
From a security standpoint, none of your files are stored permanently on any of our systems. Your files are pulled only when you need them. Once you’ve finished editing them, they are saved back to Dropbox and wiped from our systems. We encrypt your credentials and also have 256-bit encryption between our servers and your client. We take pains to audit our security processes and improve them on a regular basis.
To determine if the application is available for download and if the service is active, visit the Status page on CloudOn's website. The CloudOn for iPad app is available free on the App Store. [Direct Link]