SOURCE: Ingrian Networks

November 06, 2007 06:30 ET

Ingrian Networks and Chesapeake System Solutions Team to Deliver Secure Reconciliation Automation and Workflow Management Tools

Partnership to Integrate Ingrian's Encryption Technology Into Chesapeake's Reconciliation Software to Safeguard the Data of Chesapeake T-Recs™ Customers

REDWOOD CITY, CA and OWINGS MILLS, MD--(Marketwire - November 6, 2007) - Ingrian® Networks, Inc., the leading provider of data privacy solutions, and Chesapeake System Solutions, a leading provider of reconciliation, treasury workstation, account analysis and unclaimed property compliance software, today announced a joint partnership integrating the Ingrian DataSecure® appliance with Chesapeake's flagship product, the Total Reconciliation Solution (T-Recs™). Under the agreement, Chesapeake will participate in the Ingrian ISV Partner Program and the companies will work together to expand into new markets with special focus on encrypting all sensitive information the T-Recs processes, safeguarding the private data of Chesapeake customers.

"Chesapeake's partnership with Ingrian is significant because of Ingrian's shared commitment to providing customers with solutions that facilitate data security that are both cost-effective and reliable," said Dave Tanner, Chesapeake Senior Vice President, Information Technology, "Our partnership will confirm that the critical data our customers process through T-Recs is safely protected in a managed encryption environment, ensuring users that they are sheltered from the risk of data theft. Chesapeake has already enhanced T-Recs imports, internal database processing, and user interfaces to support PCI compliance. However, rigorous credit card data protection requires separate and secure encryption key management. Built-in solutions that just encrypt data in the database and mask user interface displays are not fully compliant with Payment Card Industry (PCI) standards. Ingrian's ISV Partner Program provides the independent key platform. Some of our customers were already committed to Ingrian as their enterprise-wide encryption standard. We were able to easily integrate our software through the standard Java™ Cryptography Architecture/Extension (JCA/JCE) API."

Chesapeake's T-Recs offers banks and enterprises a reconciliation automation and workflow management tool that eliminates the effort and errors inherent in manual reconciliation and seamlessly integrates reconciliation functions into a company's entire treasury operation. Coupled with Ingrian's encryption technology, the two companies can now offer secured reconciliation, reporting, workflow management, automated data collection, and account balancing tools.

"Given the risks today of processing sensitive data on a network, Ingrian's partner program has been able to successfully team with software companies like Chesapeake to deliver comprehensive security," said Michael Howard, CEO for Ingrian. "As more businesses look for complete solutions to secure data and customer trust, the integration of encryption into a wide range of products has become more important. We're confident our partnership with Chesapeake will enable us to offer best-of-breed solutions and superior value to customers."

Strengthening the partnership, the Ingrian ISV Partner Program is based on the Ingrian CHOICE™ encryption architecture. Ingrian CHOICE is a flexible, integrated approach allowing end-users to choose the solution they need today and then leverage their investment by adding solutions from Ingrian partners to further expand their security infrastructure. Ingrian CHOICE allows enterprises to address many of their data privacy related concerns through a combination of technology solutions and best practices. It is an architecture that enables compliance, encrypts data in business processes, and can adapt to the evolving nature of the threats that enterprises must combat on a daily basis. Ingrian's ISV program offers several benefits to partners including joint marketing, lead referral support, training, and customer support.

About Chesapeake Systems Solutions

Chesapeake System Solutions, Inc. is an industry leader in automated reconciliation, treasury workstation, internet data management, account analysis and compliance software. Over the years, we have helped organizations large and small around the world improve productivity, lower costs, and gain control over vital core financial operations through a suite of products that work seamlessly together. Our focus on treasury solutions allows us to concentrate on a continuous cycle of innovation in our chosen field. As a result, we lead the way in delivering to our customers new and better functionality that is based on the latest technology. Just as importantly, these leading-edge solutions are backed by a highly regarded support group that is dedicated to serving each customer as if they were our only customer. For more information, visit www.chessys.com

About DataSecure

Ingrian DataSecure provides an intelligent, cost-effective way to protect structured and unstructured data, at the data center and in distributed environments. Featuring dedicated hardware appliances and patent-pending cryptography software, Ingrian's solutions deliver capabilities for granular encryption, seamless integration, and centralized key and policy management including:

--  Retailers, financial institutions, and payment processors in adhering
    to card issuer security policies like the Payment Card Industry (PCI) Data
    Security Standard.
--  Organizations around the world seeking to comply with privacy
    legislation, such as California SB1386, the Europe Union Data Protection
    Directive, and many others.
--  Financial institutions seeking to comply with Gramm-Leach-Bliley Act.
--  Government agencies striving to adhere to the Federal Information
    Security Management Act.
    

About Ingrian Networks

Ingrian Networks brings complete data privacy to the enterprise. With Ingrian DataSecure Platforms, organizations can protect structured and unstructured data, from within the data center out to remote locations, and ensure compliance with legislative and policy mandates for security. DataSecure features a dedicated security appliance and specialized software that enables organizations to encrypt critical data in applications, databases and file servers. With its capabilities for granular encryption, seamless integration, and centralized key and policy management, DataSecure enables organizations to guard against a range of security threats, with unparalleled ease and cost effectiveness. Ingrian is a privately held company backed by such investors as Globespan Capital Partners, HighBAR Ventures, Menlo Ventures, Partech International, and Prism VentureWorks. For more information, visit http://www.ingrian.com

Contact Information

  • For more information:

    Ingrian Networks
    Betty Liang
    650-261-2488
    Email Contact

    Chesapeake Systems Solutions
    Nancy Kay
    410-356-6805, x109
    Email Contact