Protegrity Licenses Data Security Technology to CipherCloud
Enhances Security of Data in the Cloud
STAMFORD, CT – (May 22, 2014) – Protegrity, the leading provider of proven, scalable data security solutions, announced today that CipherCloud, the leader in cloud information protection, has signed an agreement to license Protegrity’s patented data security technology. [blockquote]“We are excited to provide our intellectual property to CipherCloud,” said Suni Munshani, CEO for Protegrity. “By combining Protegrity’s core of continued innovation with our IP licensing strategy, we are providing advanced data protection concepts and methods to a broader set of security-focused solutions. By further enhancing the value delivered to global enterprises, we can address the rapidly growing demand for protection of data at all levels.”[/blockquote] “CipherCloud is pleased to be collaborating with Protegrity to further differentiate our solutions for customers,” said Pravin Kothari, founder and CEO CipherCloud. “We continue to deliver solutions that enable companies to take complete control of their sensitive information in the cloud.” Under the licensing agreement, CipherCloud has purchased the right to use Protegrity’s core patents as outlined by – U.S. Patent 6,321,201 and U.S. Patent 8,402,281.
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 patented software products span a variety of data protection methods, including data encryption, Vaultless Tokenization, masking and monitoring and are backed by several important data protection technology patents. Currently, more than 200 enterprise customers in retail, financial services, oil & gas, insurance, travel and transportation rely on Protegrity’s comprehensive data security solutions to enable compliance for PCI DSS, HIPAA, HITECH Act and other data security requirements while protecting their sensitive data, brand, and business reputation. For more information, please visit www.protegrity.com. ###
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