Welcome!

Apache Authors: Liz McMillan, William Schmarzo, Christopher Harrold, Elizabeth White, Talend Inc.

News Feed Item

Protegrity Announces Record-Breaking Growth in FY 2012; License Revenue Increases 175 Percent Over 2011

Demand Builds for Protegrity's Vaultless Tokenization Solution; Expands to Payments Industry and Big Data Providers

STAMFORD, CT -- (Marketwire) -- 02/06/13 -- Protegrity USA, Inc., a leading provider of end-to-end data security solutions, today announced the most successful year in the company's history for the fiscal year ending Dec. 31, 2012 (FY12). Headlining the financial achievements is a 175 percent year-over-year increase in license revenues from FY 2011 to FY 2012. Total revenue from all sources for the fiscal year increased by 69 percent compared to the previous year and is clear evidence of a strong surge in demand for Protegrity's enterprise-wide data security. Corporations are looking to Protegrity for a solution that delivers superior performance, scalability, and transparency to protect sensitive data across the enterprise from malicious hackers and insider threats.

"2012 was a very exciting year for us, with breakthrough sales into some major global players, particularly in payment processing and financial services, and 2013 promises to be substantially better than 2012," says Suni Munshani, Protegrity USA CEO. "The sheer volume of data being created today is far exceeding organizations' ability to store it securely, so there is a greater sense of urgency among these organizations to identify and protect the most critical data."

Customer Momentum

Big data and a rapid increase in the volume of digital financial transactions has been a major growth driver for Protegrity over the past twelve months. Organizations are applying the same standards of data security to health and other personally-identifiable information as they do to financial information. The company has also seen significant growth in demand for its data security solutions and services across all industries and broad geographies. Protegrity's focus is on Global 1000 businesses, and has more than 200 customers worldwide, and average contract value increased 188% year-over-year compared to 2011.

Payment Processor Partnership

In the summer of 2012, Elavon, a leading provider of end-to-end payment processing services, selected Protegrity Vaultless Tokenization technology as a key element of the company's SAFE-T Suite solution [www.safetsuite.com]. SAFE-T Suite helps companies protect cardholder data by utilizing a combination of EMV (chip-and-PIN), point-to-point encryption, and tokenization technologies. In addition to realizing the benefits of reduced PCI scope with Protegrity's advanced tokenization, merchants using Elavon's solution achieve seamless business process continuity by providing advanced protection for individual cardholder data without sacrificing the ability to mine and analyze transaction processing data in close to real time.

"We are consistently looking to bring the highest level of security to our customers," said Robert McMillon, vice president, Global Security Solutions, Elavon. "Protegrity's tokenization technology is a key component of our end-to-end solution that helps merchants protect sensitive data throughout the transaction lifecycle: while it is in use, in transit, and at rest."

Big Data Security

Big Data has become a significant management challenge for many organizations. As Securosis analyst Adrian Lane notes "Hadoop, Mongo, Couch and Riak have almost no built-in security capabilities, leaving data exposed on every storage node." In early 2012, Protegrity announced the availability of the Protegrity Big Data Protector to deliver comprehensive data protection to Apache™ Hadoop®, Teradata Aster, Cloudera, and other big data platforms. This custom-designed protection allows customers to perform complex business analysis on massive amounts of data without jeopardizing its integrity or security, eliminating the serious risks and liabilities associated with unprotected sensitive data.

FY 2012 Highlights Summary:

  • 175 percent year-over-year license revenue growth
  • 69 percent year-over-year growth in all revenue items combined
  • 188 percent year-over-year increase in average contract value
  • Released version 6.0 of the Protegrity Data Security Platform, with advances in the patent-pending Vaultless Tokenization engine
  • Developed first comprehensive data security solution for Big Data environments
  • Established presence in Payments Industry
  • Global wins with the world's largest companies in retail, banking, business services, aerospace and defense, insurance, travel and transportation

About Protegrity

Headquartered in Stamford, Conn., Protegrity provides high performance, infinitely scalable, end-to-end data security solutions that protect sensitive information across the enterprise from the point of acquisition to deletion. The company's award winning software products span a variety of data protection methods, including end-to-end encryption, tokenization, masking and monitoring and are backed by several important data protection technology patents. Currently, more than 200 enterprise customers worldwide rely on Protegrity's comprehensive data security solutions to enable compliance for PCI DSS, HIPAA and other data security requirements while protecting their sensitive data, brand, and business reputation. For more information, please visit http://www.protegrity.com.

Add to Digg Bookmark with del.icio.us Add to Newsvine

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
It’s 2016: buildings are smart, connected and the IoT is fundamentally altering how control and operating systems work and speak to each other. Platforms across the enterprise are networked via inexpensive sensors to collect massive amounts of data for analytics, information management, and insights that can be used to continuously improve operations. In his session at @ThingsExpo, Brian Chemel, Co-Founder and CTO of Digital Lumens, will explore: The benefits sensor-networked systems bring to ...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
"Tintri was started in 2008 with the express purpose of building a storage appliance that is ideal for virtualized environments. We support a lot of different hypervisor platforms from VMware to OpenStack to Hyper-V," explained Dan Florea, Director of Product Management at Tintri, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, explained how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2016 Silicon Valley. The 6thInternet of @ThingsExpo will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
When people aren’t talking about VMs and containers, they’re talking about serverless architecture. Serverless is about no maintenance. It means you are not worried about low-level infrastructural and operational details. An event-driven serverless platform is a great use case for IoT. In his session at @ThingsExpo, Animesh Singh, an STSM and Lead for IBM Cloud Platform and Infrastructure, will detail how to build a distributed serverless, polyglot, microservices framework using open source tec...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.