SOURCE: Panoptic Security

Panoptic Security

October 21, 2010 15:30 ET

Panoptic Security Named One of Utah's Top Emerging Companies

SALT LAKE CITY, UT--(Marketwire - October 21, 2010) -  Panoptic Security, a leading provider of online PCI compliance solutions, was recognized as an emerging company in Utah by the MountainWest Capital Network (MWCN). The Emerging Elite Award was presented today at the 16th annual Utah 100 awards luncheon at the Grand America Hotel in Salt Lake City.

The Utah 100 awards honor the top growing and emerging companies in Utah from thousands of applications. The Emerging Elite Awards are for companies that have been in business between two and five years and show significant promise for future success.

"Being named one of Utah's top emerging companies is a testament to our business model and dedication of our incredible team," said Dr. Tim Cranny, CEO and a founder of Panoptic Security. "We are honored to be recognized as one of Utah's emerging companies and are looking forward to continued innovation in our development efforts and building the strength of our brand here in Utah and within our global target markets. This recognition by the MWCN is a sincere honor and helps us know our efforts to become part of the strong Utah business community are a part of our growing future."

Panoptic Security's strong growth has come from providing its award winning ExpertPCI™ SaaS online solution for Level 3 & 4 merchants to help them achieve PCI compliance per the PCI DSS, which is regulated by the PCI Council. The PCI Council is the security standards organization for the international credit card payment brands, such as Visa and MasterCard.

To continue streamlining the ExpertPCI solution for end users, Panoptic Security recently released enhancements to its core product to further improve the merchant experience and create greater competitive advantages. Those new extensions include PrePopulatedPCITM, LegacyPCI™ and HandsFreePCI™.

"This past year we have launched a suite of product enhancements to further differentiate Panoptic Security in the market. Our customers are banks, merchant service providers, ISOs and payment processors. The end users are the merchant portfolios represented by our customers," said Leslie Norris, EVP and operational executive for Panoptic Security. "Through our impeccable support team and our expanded product line, we work with merchants to address the growing concern credit card companies, banks and processors have regarding the security of credit card transactions between consumers and merchants."

In the near future Panoptic Security will further enhance its growing product line with solutions designed to address HIPPA and other critical security initiatives.

ABOUT THE MOUNTAINWEST CAPITAL NETWORK
MountainWest Capital Network is Utah's first and largest business networking organization devoted to supporting entrepreneurial success, and dedicated to the flow of financial, entrepreneurial and intellectual capital. For additional information on the Utah 100 awards and the MWCN, please visit www.mwcn.org.

ABOUT PANOPTIC SECURITY
Panoptic Security is a technology security company that specializes in PCI DSS compliance programs for small and mid-size merchants. Its ExpertPCI online web application enables merchants to assess and validate their PCI compliance. Their core product is also enhanced with its unique Pre-PopulatedPCI™ SAQ template program, LegacyPCI™ switching program and full implementation HandsFreePCI™ program. Panoptic Security supports merchant PCI needs directly and through relationships with merchant service providers, ISOs, credit card processors and acquiring banks. PCI compliance is required for any and all businesses that do credit card transactions with their customers. Panoptic Security recently received the 2010 Info Security Products Guide Global Products Excellence Award in the compliance category. For additional information contact sales@panopticsecurity.com or visit www.panopticsecurity.com

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