|By Marketwired .||
|February 6, 2013 09:09 AM EST||
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."
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
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.
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