MCLEAN, VA and SAN FRANCISCO, CA--(Marketwired - Feb 25, 2014) - RSA CONFERENCE -- Although cloud adoption is on the rise, many businesses -- especially those in highly regulated industries like financial services -- are lagging behind due to persistent concerns about compliance and loss of control over sensitive data. Today, PerspecSys, the leader in enterprise cloud data protection, and GuidePoint Security, a leading provider of innovative cloud data security solutions, have teamed up to help eliminate those concerns by delivering the award-winning PerspecSys AppProtex Gateway to GuidePoint customers nationwide.
GuidePoint Security has integrated the PerspecSys AppProtex Cloud Data Control Gateway into its portfolio of security offerings, which include security technology, services and support. Together, the companies provide a unique protection solution that allows enterprises and government entities take full advantage of wide application cloud functionality while ensuring their sensitive, regulated corporate data remains on premise and under their full control -- at all times.
Data control is the real key to ensuring privacy and protection in cloud environments. IDG Enterprise recently surveyed 1,682 companies and found that the majority of IT decision makers see security as the primary barrier to cloud adoption. And their biggest concern? The loss of control associated with giving cloud providers responsibility for securing their information. The PerspecSys Gateway removes this barrier by enabling IT and security professionals to identify what clouds are being used and when to replace sensitive data before it enters the cloud by substituting it with a random token value or encrypted cipher-text. The Gateway remains completely transparent to the cloud application users -- they retain use of critical capabilities such as searching, sorting and reporting, even on data that has been strongly encrypted or tokenized.
"In today's sophisticated and growing threat landscape, it's critical for businesses to invest in security solutions that do more than just the basics," said Michael Volk, Managing Partner, GuidePoint. "Good is no longer good enough. That's why we seek out best-of-breed partners, which led us straight to PerspecSys. Their AppProtex Gateway delivers cloud data compliance, privacy and control by leaving sensitive data in the hands of the enterprise. Together, we're giving our customers the ability to take full advantage of cloud applications without the headaches associated with sharing regulated data with cloud providers."
According to international IT advisory firm, Gartner, global Software as a Service (SaaS) spending is projected to grow to $32.8B in 2016 and global spending on public cloud services is expected to grow from $76.9B in 2010 to $210B in 2016. These figures are propelled in large part by the major value delivered by cloud-based software applications such as Salesforce.com. Companies around the globe want to take advantage of the time-savings, increased intelligence and best-in-class functionality of SaaS applications; however, data protection laws and regulations like the Gramm-Leach-Bliley Act in the United States or Australia's Privacy Act impose strict guidelines on how sensitive data must be treated, especially when crossing international borders.
"Our goal at PerspecSys has always been to help enterprises enjoy the benefits of the cloud without any trade-offs, and working with GuidePoint Security helps us further that aim," said David Canellos, CEO of PerspecSys. "GuidePoint has built their business on the ability to align innovative security technology with customer needs, which increasingly include a combination of security, privacy and residency concerns. They're a trusted partner to some of the nation's top companies and government organizations and we look forward to helping them and their customers increase protection and compliance demands without compromise."
PerspecSys will be demonstrating the AppProtex Gateway in Booth #538 at the RSA Conference this week in San Francisco, California. To meet with our leadership team or schedule a demo, please fill out a request here: http://go.perspecsys.com/l/12862/2013-12-23/79klt.
PerspecSys Inc. is a leading provider of cloud data control solutions that enable mission critical cloud applications to be adopted throughout the enterprise. PerspecSys gives organizations the ability to understand how employees are using cloud applications and take the necessary steps to protect sensitive information before it leaves the network. By removing the technical, legal and financial risks of placing sensitive data in the cloud, PerspecSys makes the public cloud private. Based in Toronto, PerspecSys Inc. is a privately held company backed by investors, including Intel Capital, Paladin Capital and Ascent Venture Partners. For more information please visit www.perspecsys.com and follow us on Twitter @PerspecSys.