SOURCE: Nexgate

Nexgate

May 12, 2014 08:30 ET

Nexgate Receives Highest Score in Current Offering by Independent Research Firm in Evaluation of Social Risk and Compliance Solutions

Report Highlights Need for Social Media Risk Management; Stacks up Vendor Solutions to Help Brands Protect Social Media Investments

SAN FRANCISCO, CA--(Marketwired - May 12, 2014) - Nexgate, an innovator in social media brand protection, compliance, and security, today announced that its solutions received the highest score in the current offering category in the newly released The Forrester Wave™: Social Risk And Compliance Solutions, Q2 2014, an independent research report published "to assess the state of social risk and compliance solution market and to see how the vendors stack up against each other."

In the report, Forrester Research, Inc. evaluated 10 companies across 22 criteria, including the ability to provide security and account protection, risk monitoring and reporting, workflow management, and control monitoring and enforcement for social media. The findings were the result of "extensive research through executive briefings, product demos, customer surveys, and interviews" designed to help organizations manage social risk through the use of social risk and compliance solutions.

After only a year in the market following its Series-A funding in April 2013, Nexgate received the highest score in the current offering category and is noted for having rolled out "some of the most innovative technologies in the SRC market" with "four patents pending related to social media security" and the ability to allow customers to "access social networks directly or use their social publishing application of choice, and still ensure a secure, compliant environment." Nexgate was said to innovate "with an unhindered user experience and unique risk monitoring tools."

Unlike social media marketing suites that have a narrow set of controls, coverage, and focus, or proxy-based solutions that try to address social from within the corporate network, Nexgate is focused on solving the complex and evolving security and compliance challenges of social media for organizations where they live -- inside of the social networks.

Nexgate integrates directly with the social media platforms (e.g., Facebook, LinkedIn, Twitter, YouTube, etc.) by leveraging patent-pending controls and policies backed by expert security data science to root out malicious and inappropriate activity, stop security exploits and hackers from overtaking brand accounts, and -- with one-click -- enforce social media compliance requirements for FFIEC, FINRA, SEC, FDA, FCA, HIPAA, PHI, PII, and more. All of this is designed to deal with the reality that social media is a primary communication channel that modern brands cannot afford to ignore that requires safe and responsible usage and enablement for enterprise organizations.

Core to Nexgate's innovation is its ability to automatically discover an organization's infrastructure of social accounts and tools including official, suspicious, and fake accounts with legitimate or risky content and applications, and centrally apply data-science-backed policies to applications, activity, access, and content on those accounts to keep the brand and its audience safe and compliant.

"We are extremely proud that our technology received the highest score of any current offering reviewed by Forrester Research," said Devin Redmond, Co-founder and CEO at Nexgate. "Just about every week there's a report of a hacked account, a social exploit, a failed compliance audit, or a new compliance requirement for social media. With nearly a hundred marquis customers using Nexgate to detect and stop security and compliance risks on their social infrastructure in our first year of launch, we know that we have the right solution for the market to address social media risk. We are excited to continue expanding our product and market coverage even faster than we did in our first year."

For more information on Nexgate's solutions, visit nexgate.com.

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ABOUT NEXGATE
Nexgate provides cloud-based protection and compliance for enterprise social media accounts. Its patent-pending technology seamlessly integrates with the leading social media platforms and applications to find and audit brand affiliated accounts, control connected applications, detect and remediate compliance risks, archive communications, and detect fraud and account hacking.

Nexgate is based in San Francisco, California, and is used by some of the world's largest financial services, pharmaceutical, Internet security, manufacturing, media, and retail organizations to discover, audit, and protect their social infrastructure.