March 15, 2011 11:06 ET

The Wall Street Journal Names IronKey to 2011 List of Most Promising Venture Funded Companies

SUNNYVALE, CA--(Marketwire - March 15, 2011) - The Wall Street Journal has named IronKey, the leader in secure portable computing solutions, as the 14th most promising venture-funded company in their "Next Big Thing 2011" survey. The ranking seeks to pinpoint the 50 U.S. venture-backed companies with the greatest opportunity and potential to succeed. 

"Achieving this prestigious distinction validates our success, market potential, and the critical importance of our business in helping organizations and individuals protect their data and online transactions," said IronKey Founder and Chairman David Jevans.

IronKey's award-winning products address the growing global demand for data protection, safe web browsing, and online banking fraud protection. The company recently announced that sales in its banking business unit more than doubled every quarter in 2010. In early 2010, IronKey introduced Trusted Access for Banking to help banks and their clients fight back against online account takeovers and fraud that is costing more than $6 billion each year. Unlike previous approaches, Trusted Access isolates online banking sessions from criminals even on computers infested with malicious software. Providing a dedicated secure environment for online banking is recommended by NACHA - The Electronic Payments Association and the FBI, and is recognized as a relevant security control for preventing fraud in pending draft guidance to banks from the FFIEC (Federal Financial Institutions Examination Council). 

Also in 2010, IronKey's encrypted USB storage solutions continued strong growth as regulators stepped up enforcement of data protection laws with new fines. The use of IronKey's portable USB storage devices with strong encryption and cloud-based management allows organizations to achieve safe harbor from fines and mandated notification. Gartner Dataquest found IronKey led all other competitors globally in the extreme secure USB flash drive market.

As a newly founded security startup in 2005, the company was awarded a $1.5 million contract with the Department of Homeland Security to perform crucial research and development on the encryption and security of information and transactions. That visionary DHS research project led to the development of IronKey's successful products for enterprises, government and consumers. IronKey is backed with venture funding from Bridgescale Partners, Crosslink Capital, Leapfrog Ventures, Mohr Davidow Ventures, and Seraph Group.

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"Protecting Online Banking Customers from Evolving Cyber Crime Threats," a 20-minute online webcast from IronKey, can help you understand the risks facing anyone using a PC for online banking and why anti-virus software and firewalls and other conventional safeguards are not able to stop these attacks. The webcast explains the latest bank phishing attacks, the ZeuS Trojan and SpyEye, the "mule" economy and dozens of other topics relevant to understanding and fighting this serious crime wave.

About IronKey
IronKey provides essential security products for mobile and remote workers. IronKey solutions protect remote workers from the threats of data loss, compromise of passwords, and computers infected by malicious software and crimeware. IronKey multi-function devices connect to a computer's USB port and are easy to manage with the IronKey management service. This allows users to securely carry sensitive corporate data, strongly authenticate to VPNs and corporate networks and isolate remote workers from malicious software and crimeware. IronKey customers include Fortune 500 companies, healthcare providers, financial institutions and government agencies around the world.

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