Welcome!

News Feed Item

Leading Global Financial Institution Chooses Perspecsys to Help Protect $1 Trillion Dollars in Assets

Fortune 500 Enterprise Uses AppProtex Cloud Data Control Gateway to Address Legal and Regulatory Data Compliance to Leverage the Full Benefits of the Cloud

MCLEAN, VA and LONDON, UNITED KINGDOM -- (Marketwired) -- 05/01/14 -- InfoSec Europe - Perspecsys, the leader in enterprise cloud data protection, today announced that one of the largest private financial institutions in the world has selected the Perspecsys AppProtex Cloud Data Control Gateway to mitigate risk, ensure compliance with data residency requirements and protect data confidentiality and privacy. The Fortune 500 enterprise, that manages nearly $1 trillion dollars in assets, places data compliance and information security as one of its top IT and business priorities. They conducted a comprehensive review of cloud security gateways and ultimately chose Perspecsys as a result of its unique data security approach and ability to quickly support its cloud adoption programs. The gateway platform's scalable tokenization and encryption techniques enables data stored and processed in the cloud to remain compliant while ensuring cloud application users to have full use of cloud functionality such as searching, sorting and reporting of sensitive information.

After a comprehensive evaluation, the company selected the world's leading Cloud SaaS platform, based in the U.S., for its CRM solution. It quickly became apparent that various legal and regulatory data compliance requirements in place across the globe would prevent several critical projects being deployed in countries throughout Europe and Asia. Many of these requirements mandate that sensitive data cannot be exported outside the boundaries of specific geographic jurisdictions. Perspecsys is designed to ease compliance with these challenging regulations by giving the organization the ability to maintain control over all sensitive data and IP, protecting it with tokenization before it leaves each country or region and enters the cloud. Key criteria for the ultimate selection of Perspecsys' AppProtex Gateway included its ability to maintain the CRM platform'sfunctionality (i.e. Search, sorting and reporting) without sacrificing the strength of the underlying security technique deployed to protect the data.

When looking at the market implications of cloud data residency, Brian Lowans, Principal Research Analyst at Gartner noted, "The identification of sensitive data should form part of an enterprise's governance and security strategy. The protection is required to prevent access by government authorities and agencies while data resides in or is passing through other jurisdictions." (1)

The Perspecsys AppProtex Gateway eliminates the biggest barriers that prevent companies from broadly adopting cloud computing: data security and control, and helps them satisfy a variety of data residency, privacy and security concerns that are blocking their move to the cloud. For more information: http://perspecsys.com/perspecsys-cloud-protection-gateway/appprotex-cloud-control-gateway/.

(1) Gartner "Simplify Operations and Compliance in the Cloud," Published 15 August 2013

About Perspecsys
Perspecsys Inc. is a leading provider of cloud data control solutions that enable mission critical cloud applications to be adopted throughout the enterprise. Perspecsys gives organizations the ability to understand how employees are using cloud applications and take the necessary steps to protect sensitive information before it leaves the network. By removing the technical, legal and financial risks of placing sensitive data in the cloud, Perspecsys makes the public cloud private. Based in Toronto, Perspecsys Inc. is a privately held company backed by investors, including Intel Capital, Paladin Capital and Ascent Venture Partners. For more information please visit www.perspecsys.com and follow us on Twitter @Perspecsys.

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.

Latest Stories
"We focus on SAP workloads because they are among the most powerful but somewhat challenging workloads out there to take into public cloud," explained Swen Conrad, CEO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"Outscale was founded in 2010, is based in France, is a strategic partner to Dassault Systémes and has done quite a bit of work with divisions of Dassault," explained Jackie Funk, Digital Marketing exec at Outscale, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are still a relatively small software house and we are focusing on certain industries like FinTech, med tech, energy and utilities. We help our customers with their digital transformation," noted Piotr Stawinski, Founder and CEO of EARP Integration, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I think DevOps is now a rambunctious teenager – it’s starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We've been engaging with a lot of customers including Panasonic, we've been involved with Cisco and now we're working with the U.S. government - the Department of Homeland Security," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
"With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
"We want to show that our solution is far less expensive with a much better total cost of ownership so we announced several key features. One is called geo-distributed erasure coding, another is support for KVM and we introduced a new capability called Multi-Part," explained Tim Desai, Senior Product Marketing Manager at Hitachi Data Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I'm here to leverage my secret sauce, which is using outsourced development and the company that I utilize is delaPlex Software and they've basically allowed me to win Fortune 500 companies," noted Justin Witz, CTO of FRA and PlanTools, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"As we've gone out into the public cloud we've seen that over time we may have lost a few things - we've lost control, we've given up cost to a certain extent, and then security, flexibility," explained Steve Conner, VP of Sales at Cloudistics,in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are an IT services solution provider and we sell software to support those solutions. Our focus and key areas are around security, enterprise monitoring, and continuous delivery optimization," noted John Balsavage, President of A&I Solutions, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Calligo, an innovative cloud service provider offering mid-sized companies the highest levels of data privacy and security, has been named "Bronze Sponsor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalised support service from its globally located cloud plat...