|By Business Wire||
|October 31, 2012 09:32 AM EDT||
Vormetric, Inc., the leader in enterprise encryption and key management, today announced that it is expanding operations in South Korea to meet growing demand for its data security products. The company also appointed Moon Hyung Lee to be Country Manager for Vormetric’s expansion in South Korea.
As South Korea implements the South Korean Personal Information Protection Act, organizations are being forced to reevaluate and bolster their protection strategies especially around encryption to secure sensitive data.
Founded in 2001, Vormetric offers advanced data security solutions based on its transparent data encryption and key management technology. Security-sensitive organizations, governments and major enterprises worldwide including 16 of the Fortune 25 companies have deployed Vormetric Data Security to encrypt files, databases, and applications anywhere they reside without sacrificing application performance and avoiding key management complexity.
“Since we are seeing very strong demand in South Korea and have a significant base of existing customers here already, we decided to open our first Asian branch office in Korea. This is the first phase of our expansion into this region,” said Bruce Johnson, VP of Worldwide Sales & Service Operations for Vormetric.
“We are pleased to work with Moon Hyung Lee. He has the experience and relationships to help Vormetric build out its presence in South Korea,” he added.
Lee will lead Vormetric’s business expansion in Korea. He will strengthen relationships with existing customers and distributors, and recruit new partners to support rapidly growing customer demand for Vormetric products. Lee has 19 years of IT industry experience. Prior to joining Vormetric, Lee worked for global IT leaders including VMWare, BEA Systems and Oracle in channel, alliance management and sales roles.
"Vormetric’s enterprise encryption solutions are currently deployed by over 900 customers of all sizes globally including leading Korean companies such as Asiana Airline, LGU+, KB Financial Group, Daekyo, DONG-A University, Korea MARITIME University, Korea NAZARENE University and ULSAN University Hospital,” said Moon Hyung Lee. “The company has already made significant inroads in the financial, communication and enterprise sectors with two established distributors, Dongbu CNI and Invant AP. We plan to grow our sales and support capabilities to meet pent up demand across Korea.”
Vormetric (@Vormetric) is the leader in enterprise encryption. The Vormetric Data Security product line provides a single, manageable and scalable solution to manage any key and encrypt any file, any database, any application, anywhere it resides— without sacrificing application performance and avoiding key management complexity. Some of the largest and most security conscious organizations and government agencies in the world, including 16 of the Fortune 25, have standardized on Vormetric to provide strong, easily manageable data security. Vormetric technology has previously been selected by IBM as the database encryption solution for DB2 and Informix on LinuxTM, Unix® and Windows; and by Symantec to provide the Symantec Veritas NetBackupTM Media Server Encryption Option. For more information, visit www.vormetric.com.
Vormetric is a trademark of Vormetric, Inc. All other names mentioned are trademarks, registered trademarks or service marks of their respective owners.
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