SOURCE: Safend

November 19, 2008 09:00 ET

CREDANT and Safend Forge Strategic Partnership to Protect Enterprise Data

New Partnership Adds Safend's Award-Winning Endpoint Security Solutions to CREDANT's Portfolio of Data Protection Technologies

DALLAS, TX and PHILADELPHIA, PA--(Marketwire - November 19, 2008) - CREDANT Technologies, the market leader in data protection solutions, and Safend, a leading provider of enterprise endpoint Data Leakage Prevention (DLP) solutions, today announced a partnership that will provide CREDANT customers with an unprecedented level of protection for their sensitive data. The partnership adds Safend's endpoint data leakage monitoring and protection technologies to CREDANT's data protection portfolio. Powered by Safend technology, CREDANT's new offering CREDANT Protector, strengthens its existing security portfolio through the addition of comprehensive device and wireless port control solutions and extensive optical media (CD/DVD) encryption capabilities from Safend.

"In a climate where data can be downloaded to a USB stick or Smartphone in a matter of seconds, it has become imperative that enterprises protect their endpoints against these vulnerabilities," said Chris Burchett, co-founder and Chief Technical Officer at CREDANT Technologies. "It is a natural partnership for CREDANT, one of the world's leading data protection providers, to partner with a market leader such as Safend. The Safend Protector solution fits nicely into our portfolio, offering our customers the ability to secure their most sensitive information stored on CD/DVD drives and proactively manage port access."

According to a 2008 Safend survey, forty-four percent of organizations surveyed have only moderate policies for endpoint and port security in place and nearly 25 percent have no policies set at all. This further demonstrates the need for a comprehensive and unified solution for device and port control and data protection.

"CREDANT's decision to partner with Safend is further validation that our endpoint DLP solution is the leading port and device control product in the market today," said Gil Sever, founder and CEO at Safend. "This partnership offers exciting new opportunities for Safend and CREDANT to reach new customers as well as those in CREDANT's large client portfolio. We are confident that the power of the integrated Safend solution will further enable users to protect their sensitive data from loss, theft and malicious attacks."

According to a recent eWeek article by Brian Prince: "If a laptop, CD or Smartphone is stolen, encryption can be the difference between a data breach and a close call. With so much sensitive corporate and personal information at stake, a clear encryption strategy is a vital part of data protection." Today, more and more organizations are not only recognizing the need for encryption capabilities, but also the role that a comprehensive approach to data leakage prevention serves in keeping data safe on portable devices.

"Sensitive data is not simply confined to home PCs and laptops; in today's extended enterprise sensitive data travels on everything portable from Smartphones to USB sticks to iPods. In order to ensure data integrity, organizations need to look for a combined encryption and port and device control solution," said Eric Ogren, founder and principal analyst of the Ogren Group. "With this evolving market dynamic and clear customer need in mind, a comprehensive information protection program based on encryption and data leakage prevention will enable organizations to reduce the risk of data breaches and theft via portable storage devices."

Driven by Safend's technology, CREDANT Protector delivers unprecedented encryption and device control functionality for organizations in any industry or market. Using this solution, organizations will have access to the industry's most comprehensive, secure and easy-to-use endpoint data protection and data leakage prevention technology. CREDANT Protector also offers the ability to monitor traffic in real time and apply customized, highly granular security policies over all physical, wireless and storage interfaces. CREDANT Protector works in conjunction with CREDANT Mobile Guardian (CMG), the only security system that can encrypt and secure data on mobile devices across multiple, diverse platforms from a single, Web-based console.

For more information on the CREDANT Protector solution please visit: http://www.credant.com/credant-protector.html.

About CREDANT Technologies

CREDANT Technologies is the market leader in endpoint data protection solutions. CREDANT's data security solutions mitigate risk, preserve customer brand and reduce the cost of compliance, enabling business to "protect what matters." CREDANT Mobile Guardian is the only centrally managed endpoint data protection solution providing strong authentication, intelligent encryption, usage controls, and key management for data recovery. By aligning security to the type of user, device and location, CREDANT permits the audit and enforcement of security policies across all computing endpoints. Strategic partners and customers include leaders in finance, government, healthcare, manufacturing, retail, technology, and services. CREDANT has been recognized by Inc. magazine as the #1 fastest growing security software company in 2008 and 2007; was selected by Red Herring as one of the top 100 privately held companies and top 100 Innovators; and was named Ernst & Young Entrepreneur of the Year. Austin Ventures, Menlo Ventures, Crescendo Ventures, Intel Capital, and Cisco Systems are investors in CREDANT Technologies. For more information, visit www.credant.com.

About Safend

Safend is a leading provider of endpoint data leakage prevention (DLP) solutions that protect against corporate data loss by offering comprehensive solutions for data encryption and port and device control. The Safend DLP Suite encrypts internal and external hard drives, removable storage and CD/DVDs and provides granular control over all physical, wireless and removable media devices, ensuring compliance with regulatory data security and privacy standards. With more than 1,200 customers worldwide and 1.7 million licenses sold, Safend's solutions are deployed by multinational enterprises, government agencies and small to mid-size companies across the globe. Founded in 2003, Safend is a privately held company funded by Elron Electronics (NASDAQ: ELRN) (TASE: ELRN), Intel Capital and Walden Israel. Safend is headquartered in Tel Aviv with U.S. headquarters in Philadelphia. For more information, visit www.safend.com.

Contact Information

  • Contact:
    Shar Carpenter
    Redonk Marketing for CREDANT Technologies
    (972) 306-0276
    Email Contact

    Lisa Astor / Randi Sussman
    PAN Communications for Safend
    978-474-1900
    Email Contact

    Leah Washington
    Safend
    215-496-9646
    Email Contact