Welcome!

Recurring Revenue Authors: Pat Romanski, Elizabeth White, Liz McMillan, Carmen Gonzalez, Lee Atchison

News Feed Item

Cloud Data Protection Leader PerspecSys Closes out 2012 With Record Growth & Adoption of Multi-cloud Data Security Gateway

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.

Product Development

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).

Industry Recognition

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.

About PerspecSys

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.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, introduced the technologies required for implementing these idea...
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web co...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
While not quite mainstream yet, WebRTC is starting to gain ground with Carriers, Enterprises and Independent Software Vendors (ISV’s) alike. WebRTC makes it easy for developers to add audio and video communications into their applications by using Web browsers as their platform. But like any market, every customer engagement has unique requirements, as well as constraints. And of course, one size does not fit all. In her session at WebRTC Summit, Dr. Natasha Tamaskar, Vice President, Head of C...
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, discussed the impact of technology on identity. Sho...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now ...
WebRTC is about the data channel as much as about video and audio conferencing. However, basically all commercial WebRTC applications have been built with a focus on audio and video. The handling of “data” has been limited to text chat and file download – all other data sharing seems to end with screensharing. What is holding back a more intensive use of peer-to-peer data? In her session at @ThingsExpo, Dr Silvia Pfeiffer, WebRTC Applications Team Lead at National ICT Australia, looked at differ...
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
Businesses are struggling to manage the information flow and interactions between all of these new devices and things jumping on their network, and the apps and IT systems they control. The data businesses gather is only helpful if they can do something with it. In his session at @ThingsExpo, Chris Witeck, Principal Technology Strategist at Citrix, discussed how different the impact of IoT will be for large businesses, expanding how IoT will allow large organizations to make their legacy applica...
SYS-CON Events announced today that Catchpoint, a leading digital experience intelligence company, has been named “Silver Sponsor” of 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. Catchpoint Systems is a leading Digital Performance Analytics company that provides unparalleled insight into your customer-critical services to help you consistently deliver an amazing customer experience. Designed for digital business, C...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
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 ...
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.
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 7-9, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and E...