|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.
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining senso...
Oct. 21, 2016 07:15 PM EDT Reads: 204
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Oct. 21, 2016 07:15 PM EDT Reads: 1,602
@ThingsExpo has been named the Top 5 Most Influential Internet of Things Brand by Onalytica in the ‘The Internet of Things Landscape 2015: Top 100 Individuals and Brands.' Onalytica analyzed Twitter conversations around the #IoT debate to uncover the most influential brands and individuals driving the conversation. Onalytica captured data from 56,224 users. The PageRank based methodology they use to extract influencers on a particular topic (tweets mentioning #InternetofThings or #IoT in this ...
Oct. 21, 2016 07:00 PM EDT Reads: 8,078
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Oct. 21, 2016 07:00 PM EDT Reads: 8,918
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, discussed how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technologi...
Oct. 21, 2016 06:45 PM EDT Reads: 2,809
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Oct. 21, 2016 06:15 PM EDT Reads: 2,997
Established in 1998, Calsoft is a leading software product engineering Services Company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. The company's deep domain knowledge of Storage, Virtualization, Networking and Cloud verticals helps in delivering ...
Oct. 21, 2016 04:15 PM EDT Reads: 914
24Notion is full-service global creative digital marketing, technology and lifestyle agency that combines strategic ideas with customized tactical execution. With a broad understand of the art of traditional marketing, new media, communications and social influence, 24Notion uniquely understands how to connect your brand strategy with the right consumer. 24Notion ranked #12 on Corporate Social Responsibility - Book of List.
Oct. 21, 2016 04:15 PM EDT Reads: 1,480
SYS-CON Events announced today that SoftNet Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and...
Oct. 21, 2016 03:54 PM EDT Reads: 263
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Oct. 21, 2016 03:15 PM EDT Reads: 285
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Oct. 21, 2016 03:00 PM EDT Reads: 4,359
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the...
Oct. 21, 2016 03:00 PM EDT Reads: 11,154
In the next five to ten years, millions, if not billions of things will become smarter. This smartness goes beyond connected things in our homes like the fridge, thermostat and fancy lighting, and into heavily regulated industries including aerospace, pharmaceutical/medical devices and energy. “Smartness” will embed itself within individual products that are part of our daily lives. We will engage with smart products - learning from them, informing them, and communicating with them. Smart produc...
Oct. 21, 2016 02:30 PM EDT Reads: 1,405
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, will discuss key challenges and solutions to powering a ride sharing and/or multimodal model in the a...
Oct. 21, 2016 02:15 PM EDT Reads: 1,430
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, will discuss the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docke...
Oct. 21, 2016 02:15 PM EDT Reads: 2,202
SYS-CON Events announced today that Embotics, the cloud automation company, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Embotics is the cloud automation company for IT organizations and service providers that need to improve provisioning or enable self-service capabilities. With a relentless focus on delivering a premier user experience and unmatched customer support, Embotics is the fas...
Oct. 21, 2016 02:00 PM EDT Reads: 646
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
Oct. 21, 2016 02:00 PM EDT Reads: 6,787
SYS-CON Events announced today that Coalfire will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Coalfire is the trusted leader in cybersecurity risk management and compliance services. Coalfire integrates advisory and technical assessments and recommendations to the corporate directors, executives, boards, and IT organizations for global brands and organizations in the technology, cloud, health...
Oct. 21, 2016 01:45 PM EDT Reads: 1,464
Cloud based infrastructure deployment is becoming more and more appealing to customers, from Fortune 500 companies to SMEs due to its pay-as-you-go model. Enterprise storage vendors are able to reach out to these customers by integrating in cloud based deployments; this needs adaptability and interoperability of the products confirming to cloud standards such as OpenStack, CloudStack, or Azure. As compared to off the shelf commodity storage, enterprise storages by its reliability, high-availabil...
Oct. 21, 2016 01:00 PM EDT Reads: 934
The IoT industry is now at a crossroads, between the fast-paced innovation of technologies and the pending mass adoption by global enterprises. The complexity of combining rapidly evolving technologies and the need to establish practices for market acceleration pose a strong challenge to global enterprises as well as IoT vendors. In his session at @ThingsExpo, Clark Smith, senior product manager for Numerex, will discuss how Numerex, as an experienced, established IoT provider, has embraced a ...
Oct. 21, 2016 01:00 PM EDT Reads: 914