|By Business Wire||
|January 3, 2013 09:08 AM EST||
PerspecSys Inc., the leader in cloud data protection solutions for the enterprise, today reported the achievement of 2012 year-end milestones including record sales, widespread adoption of its multi-cloud gateway platform and continued strong market momentum leading into 2013.
Last year, the company deployed its Cloud Data Protection Gateway into some of the most demanding global enterprise IT environments, including the operations of the world’s largest multinational conglomerate corporation and two of the largest global financial institutions. The company’s broad-based customer growth among highly complex, regulated organizations underscores the success of its multi-cloud platform approach, which gives enterprise customers the data security they need across a wide variety of cloud applications through a single gateway solution that delivers the strongest levels of security while preserving cloud-application functionality. Security solutions like PerspecSys are part of a rapidly growing category that Gartner refers to as Cloud Access Security Brokers, forecasted to have adoption rates of up to 25 percent among enterprises by 2016.
In addition to client growth, PerspecSys advanced product development by broadening support for a series of cloud applications, expanding its market opportunity to include enterprise users of those services. On top of dozens of new product features, PerspecSys also pioneered an open “pluggable” encryption solution to ensure an enterprise’s preferred or legacy encryption modules can be used within the PerspecSys gateway to protect data being used in its cloud applications (including those that are FIPS 140-2 validated) without impacting the end users experience with their cloud applications.
Patents, Partnerships, Testing & Global Expansion
PerspecSys initiated and broadened significant new technology, delivery and sales partnerships in 2012, extending its ecosystem in a number of important areas to support client needs. Other notable milestones included independent third-party testing and validation for PerspecSys’ entire platform, including its industry-first cloud data tokenization approach, expanded operations in the U.S., Europe and Asia, filing for multiple patents for its innovative technology solution and winning several respected industry awards for its superior cloud data protection solution.
“Cloud data security continues to be one of the top priorities for businesses worldwide, yet there is still so much confusion about what’s really important when it comes to how to protect your most sensitive information,” said David Canellos, CEO, PerspecSys. “At PerspecSys, we make it simple by offering a solution that addresses not only data privacy, residency, and compliance concerns but also the preservation of cloud application functionality across a variety of popular applications. We are the only company to deliver such a complete solution, the only one to offer the strongest levels of tokenization and encryption available, and the only one to offer true multi-cloud support that preserves the greatest amount of application functionality. Thanks to this unique combination and the scalability of our platform, enterprise IT and Security teams consistently select us over competitors as the smartest choice for safeguarding their sensitive enterprise information as they make their move to the cloud.”
2012 Highlights in Brief
Increased Customer Base
PerspecSys has added and retained a record number of clients across the healthcare and medical, manufacturing, defense, public sector, retail, insurance and financial services sectors, contributing to its strong financial and operational growth. When selecting PerspecSys, customers highlighted a number of unique benefits of its gateway versus alternatives in the market, including:
- Unmatched ability to preserve cloud application functionality, such as searching, sorting, emailing, reporting, etc.;
- Not requiring weakened encryption or tokenization techniques be used in order to maintain application usability;
- The ability to offer a robust tokenization approach as a data security alternative to encryption (a unique capability particularly important where data residency regulations are in place);
- Deep partnerships with leading companies in the cloud computing, security and datacenter ecosystem that has produced an open platform, highly scalable and enterprise ready, and multi-cloud capable.; and
- The endorsements from the PerspecSys customer base, validation from industry research analysts, third-party assessors and leading companies in the partner community aligning with PerspecSys.
PerspecSys experienced customer growth across the globe, with significant traction in the Americas, Europe, and Asia Pacific regions.
Expanded Management & Engineering Team
PerspecSys tripled the number of employees in 2013, and hired industry veterans and innovators in sales, marketing, engineering and R&D positions throughout all levels of the organization. New additions to the executive team during the year included:
- Mike Morrissey, vice president of engineering and research & development
- John Emerson, vice president, sales
- Gerry Grealish, vice president, marketing & products
- LJ Alefantis, area vice president sales
- Eric Hay, senior director, systems engineering
- Ed Dean, senior director, technology
- David Stott, senior director, product management
- Dave Vogel, senior director of business development
Added New Partners, Broadened Solution Support and Achieved Interoperability
The company added support for a series of new cloud applications during the year, such as Oracle’s CRM On Demand, Marketing On Demand, and Fusion CRM products, Salesforce.com’s Chatter social collaboration application, Xactly Incent and AppExtreme’s Conga Composer. PerspecSys also collaborated with leading security firms, including Symantec and Ping Identity, to develop seamless interoperability between PerspecSys’ gateway and the industry’s leading Single-Sign-On (SSO) offerings. Additional security partnerships were forged with encryption leaders SafeNet and Voltage Security to offer solutions to the market leveraging PerspecSys’ gateway together with their advanced cryptographic engines. Finally, partnerships were also penned with some of the world’s most influential IT cloud services companies such as Amazon, Fujitsu, and Computer Sciences Corporation (CSC).
PerspecSys continued to win accolades from the industry for its innovations in cloud security, garnering prizes from the Golden Bridge Awards, the Cloud Computing Excellence Awards and the International Stevie Awards. The company was also highlighted in a number of industry analyst reports, including Gartner’s “The Growing Importance of Cloud Security Access Brokers.” PerspecSys executives were sought-after experts in 2012, having been invited to speak or exhibit at key events including Oracle Open World, Cloud Expo, RSA, and other industry events to help educate audiences on the myths vs. realities surrounding cloud data security.
Continued Operational Expansion
In addition to its existing Toronto office, the company opened offices in London, San Francisco and the Washington, D.C. area during the year. These new locations allow PerspecSys to better support its clients and partners, and to leverage the technology innovation coming out of Northern California and the security sector surrounding the U.S. Capital.
The PerspecSys Cloud Data Protection Gateway
The PerspecSys Cloud Data Protection Gateway gives enterprises and public-sector organizations total control over their sensitive data – enabling them to use popular cloud applications from companies like Oracle and Salesforce.com, while still meeting strict legal and industry compliance requirements. Using patent-pending technology, the PerspecSys Gateway intercepts sensitive data while it is still on-premise and replaces it with a randomly tokenized or strongly encrypted value, rendering it meaningless should anyone hack the data while it is in transit, processed or stored in the cloud. In addition, the PerspecSys solution offers the differentiated ability to preserve cloud application functionality – even when the data is tokenized or strongly encrypted – using National Institute of Standards and Technology (NIST) listed FIPS 140-2 compliant modules. With PerspecSys, end users have access to features and functions such as ability to do standard and complex searches on data, send emails, and generate reports – even though the sensitive data is no longer in the cloud application.
PerspecSys Inc. is a provider of cloud data protection solutions that enable mission-critical cloud applications to be adopted throughout the enterprise. PerspecSys removes the technical, legal and financial risks of placing sensitive company data in the cloud. The company accomplishes this for many large, heavily regulated companies across the world by never allowing sensitive data to leave a customer’s network, while maintaining the functionality of cloud applications. Based in Toronto, PerspecSys Inc. is a privately held company backed by leading investors including Intel Capital and GrowthWorks. For more information on PerspecSys, please visit www.perspecsys.com or follow on Twitter @perspecsys.
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Apr. 30, 2017 02:45 AM EDT Reads: 1,746
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
Apr. 30, 2017 01:45 AM EDT Reads: 1,074
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
Apr. 30, 2017 01:15 AM EDT Reads: 1,450
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
Apr. 30, 2017 12:15 AM EDT Reads: 1,196
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
Apr. 29, 2017 11:15 PM EDT Reads: 9,241
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Apr. 29, 2017 10:45 PM EDT Reads: 1,814
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
Apr. 29, 2017 10:30 PM EDT Reads: 2,778
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
Apr. 29, 2017 10:15 PM EDT Reads: 2,603
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Apr. 29, 2017 10:00 PM EDT Reads: 2,643
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
Apr. 29, 2017 09:30 PM EDT Reads: 2,283
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
Apr. 29, 2017 09:30 PM EDT Reads: 2,556
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...
Apr. 29, 2017 09:15 PM EDT Reads: 1,576
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
Apr. 29, 2017 08:30 PM EDT Reads: 2,463
@ThingsExpo has been named the Most Influential ‘Smart Cities - IIoT' Account and @BigDataExpo has been named fourteenth by Right Relevance (RR), which provides curated information and intelligence on approximately 50,000 topics. In addition, Right Relevance provides an Insights offering that combines the above Topics and Influencers information with real time conversations to provide actionable intelligence with visualizations to enable decision making. The Insights service is applicable to eve...
Apr. 29, 2017 08:15 PM EDT Reads: 3,106
SYS-CON Events announced today that Hitachi Data Systems, a wholly owned subsidiary of Hitachi LTD., will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City. Hitachi Data Systems (HDS) will be featuring the Hitachi Content Platform (HCP) portfolio. This is the industry’s only offering that allows organizations to bring together object storage, file sync and share, cloud storage gateways, and sophisticated search an...
Apr. 29, 2017 07:30 PM EDT Reads: 835
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Apr. 29, 2017 07:15 PM EDT Reads: 1,373
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Apr. 29, 2017 07:00 PM EDT Reads: 1,568
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
Apr. 29, 2017 05:15 PM EDT Reads: 1,602
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Apr. 29, 2017 05:00 PM EDT Reads: 1,666
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Apr. 29, 2017 04:45 PM EDT Reads: 3,391