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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.

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