NEW YORK, NY--(Marketwire - Aug 7, 2012) - Vaultive, a provider of cloud data encryption solutions that enable organizations to leverage the economy and efficiency of cloud computing while maintaining the data security, control and compliance advantages of on-premise computing, today announced that noted security industry luminary Jerry Archer has joined the company's Board of Directors. Archer serves as the chief security officer of Sallie Mae as well as on the Board of Directors for the Cloud Security Alliance.
As senior vice president and chief security officer for Sallie Mae, Jerry Archer is responsible for securing and protecting all of Sallie Mae's systems and offerings, as well as security initiatives across the company. Prior to joining Sallie Mae, Archer held multiple high-level security positions including CISO of Intuit, managing director at Global Competitive Strategies, senior vice president for global interoperability at Visa International and senior vice president of information security and technical risk at Fidelity. Additionally, he has earned the National Performance Review Hammer Award, a Distinguished Service Award from the CIA and a Meritorious Unit Citation from the National Security Agency for his work in the U.S. Intelligence Community.
"Vaultive is meeting an absolutely critical and underserved need in the market: secure encryption of data-at-rest in the cloud, along with providing an entity complete control over that data while it's in the cloud. This level of protection should be a best practice for any business that is moving data to the cloud," said Archer. "I am proud to be part of an organization that I strongly believe will be key to breaking down the barriers to widespread enterprise adoption of cloud computing -- and as a result, will revolutionize the cloud computing industry as a whole."
"We are honored to welcome such a highly respected member of the information security community to Vaultive's Board of Directors," said Elad Yoran, CEO of Vaultive. "We believe that the addition of Jerry Archer is a fundamental step in our growth and to bringing cloud encryption to a broader market more rapidly."
Vaultive's enterprise-class cloud data encryption solutions enable customers to encrypt data-at-rest, data-in-transit and data-in-use in the cloud, while enterprise IT retains complete control of the encryption keys. This uniquely addresses the four principal business challenges that organizations face when migrating data to the cloud: data security, regulatory compliance, unauthorized data disclosure and access, and international privacy/ data residency regulations.
Vaultive's encryption technology accomplishes this by enabling data to be searched, sorted, indexed, and otherwise processed in the cloud without ever being decrypted. This application of industry-standard 256-bit AES protects cloud data from unauthorized access, while enabling disclosure requests to be managed independently by an enterprise. Security risks and concerns about data residency are eliminated, while compliance with regulatory requirements such as SOX, GLBA, HIPAA, HITECH, Basel II, PCI and others is achieved because sensitive data never resides in the cloud in an unencrypted form. Vaultive currently offers Vaultive for Hosted Exchange to encrypt data-at-rest, data-in transit and data-in-use in the Microsoft® Office 365 environment, and will expand its product line to support other cloud applications in the coming months.
Vaultive is a provider of cloud data encryption solutions that empower organizations to realize the cost savings, enhanced productivity and operational efficiencies of cloud computing while maintaining the data security, control and compliance advantages of on-premise computing. Vaultive enables this through the deployment of patent-pending data-in-use encryption technology that eliminates the data security, privacy, residency and regulatory compliance concerns associated with cloud deployment. As the only cloud data encryption solution engineered exclusively for Hosted Exchange, including Microsoft® Office 365 and offering support for other leading SaaS applications, Vaultive enables organizations to take advantage of cloud computing without compromise. Vaultive recently raised more than $10 million from leading venture capital firms .406 Ventures, New Science Partners, Harmony Partners and Security Growth Partners.
For more information, visit www.vaultive.com.