SOURCE: Voltage Security, Inc.

October 25, 2006 07:15 ET

Voltage Wins IAPP Privacy Innovation Technology Award

Voltage Identity-Based Encryption Solutions Recognized for Role in Improving Usability, Affordability, Competitive Advantage, and Customer Experience

PALO ALTO, CA -- (MARKET WIRE) -- October 25, 2006 -- Voltage Security, Inc., (www.voltage.com), a global leader in enterprise privacy management, today announced that the International Association of Privacy Professionals (IAPP) has recognized the company and its technology solutions with this year's IAPP Privacy Innovation Technology Award.

Voltage swept the technology category based upon its pioneering use of breakthrough Identity-Based Encryption (IBE) technology to deliver data protection solutions. Through Voltage and its development partners, the Voltage IBE platform is being used to protect data in motion, at rest and in use by leveraging the technology, which brings tremendous benefits in terms of usability and affordability.

"We are honored that the IAPP has recognized Voltage IBE's role in enabling enterprise privacy management," said Wasim Ahmad, vice president of Marketing, Voltage Security. "Voltage IBE-based solutions are rapidly becoming a de facto standard in securing business data and email communications due to the unprecedented levels of simplicity for users, IT administrators and managers, as well as affordability and lowest total cost of ownership (TCO) for customers."

Award Designation Overview

The IAPP Privacy Innovation Technology Award goes to Voltage Security, Inc., for Voltage Identity-Based Encryption™ technology incorporated into its data protection solutions. Voltage IBE protects information on PCs (laptops, desktops and mobile and wireless devices) and in email communications, and enables compliance with a broad range of privacy guidelines and regulations, such as PCI, HIPAA, GLBA, PIPEDA and the Data Protection Act.

Voltage IBE solutions can be used to protect the privacy of information internally within an organization, such as HR and financial information; externally with business partners, brokers and the supply chain to protect company confidential information, such as pricing and other trade secrets; as well as with customers to protect personally identifiable information, such as credit card, social security and drivers license data.

Voltage IBE solutions are in use by more than 250 world-leading organizations, and by partners such as Integro Insurance Brokers, Spheris, XL Global Services, Winterthur Life UK Ltd., Microsoft, NTT Communications, Symantec, Ciphertrust, Proofpoint and Tablus.

Technology Overview

In 2000, Dr.'s Dan Boneh and Matt Franklin achieved a mathematical breakthrough and invented the first practical Identity Based Encryption (IBE) system. Their scheme uses bilinear mappings, known as Weil and Tate pairings, on elliptic curves to obtain an algorithm that can be used to turn a simple, well recognized identity into a public/private key pair.

From the powerful mathematics, an elegant mechanism was derived for secure business messaging and communication -- online and offline -- without the need to pre-register recipients. (See "About Voltage IBE") IBE's scale and the practical applications developed by Voltage and its partners are resulting in data security and privacy solutions that are easy to implement and manage, without the overhead and cost inherent in other methods.

The IAPP Privacy Innovation Award was presented to Voltage Security Inc. at the IAPP Privacy Academy 2006 during a special member reception at the Hockey Hall of Fame in Toronto, Canada. For more information about Voltage, please visit www.voltage.com.

About Voltage Identity-Based Encryption

Voltage IBE™ is a public key cryptography system that uses common identities (such as an email address or screen name) as public keys, eliminating the need for certificates, Certificate Revocation Lists (CRL) and other costly infrastructure. Voltage IBE results in a solution that is easy to implement and easy to manage, without the overhead and cost inherent in traditional security solutions. Voltage IBE is ideal for use with financial services customers and medical patients who expect communication to be kept private and secure and also want ease-of-use and low-cost. Voltage IBE solutions are:

--  Easy to implement and easy to manage -- eliminates the overhead and
    costs inherent in traditional security solutions such as PKI.
--  Highly scalable -- no storage of keys or messages, and no need to
    contact online servers; allows the solution to scale dramatically without
    the need for additional infrastructure.
--  Easy to use -- no need for end users to worry about keys, certificates
    or multiple inboxes.
    
About Voltage Security

Voltage Security, Inc. provides the market leading Voltage Enterprise Privacy Management™ platform, a breakthrough foundation for securing IP-based communication and data-at-rest. Based on a revolutionary breakthrough in cryptography called IBE, or Voltage Identity-Based Encryption, the Voltage Enterprise Privacy Management platform greatly simplifies the management of keys, policies and authentication compared to traditional data privacy solutions. Voltage Security offers a comprehensive set of enterprise solutions including the Voltage IBE Server™, Voltage SecureDisk™, Voltage SecureMail™, Voltage SecureMail Gateway™ and secure mobile messaging solutions for RIM BlackBerry® and Microsoft Windows Mobile-based Pocket PCs and Smartphones. Voltage Security customers include over 250 leading corporations from around the globe including American Board of Family Medicine, SafeAuto Insurance, Winterthur Life UK Ltd. and XL Global Services. For more information please visit http://www.voltage.com.

Note: Voltage Enterprise Privacy Management Integration Kit, Voltage IBE Server, Voltage SecureDisk, Voltage SecureMail, Voltage SecureFile, Voltage SecureMail Gateway and Voltage IBE Toolkit are all either trademarks or registered trademarks of Voltage Security, Inc. All other product names and trademarks are the property of their respective owner.

Contact Information

  • Contact:
    For Voltage Security:
    Paula Dunne
    Contos Dunne Communication
    Email Contact
    +1 408-893-8750
    OR
    Gretchen Hellman
    Voltage Security, Inc.
    Email Contact
    +1 650-380-2630