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PerspecSys Named Finalist for 2013-14 Cloud Awards

PerspecSys Inc., the leader in cloud data protection solutions for the enterprise, today announced it has been shortlisted as a finalist in the 2013-2014 Cloud Awards Program in the Security Innovation of the Year category. The Cloud Awards identify and celebrate excellence in the field of cloud computing and have chosen finalists from the over 200 organizations submitted this year, with entries coming from across the globe, including Europe, the US, Canada, Australia and the Middle East.

PerspecSys is being recognized for its innovation in the cloud security market driven by its unique Cloud Data Protection Gateway (recently renamed the “AppProtex” Gateway). Using patent-pending technology, the PerspecSys AppProtex Gateway leverages industry-validated tokenization and encryption techniques to secure sensitive data while keeping it in their customers’ control at all times and enabling full cloud-application functionality and performance – a combination no other cloud data security solution can match.

The AppProtex Gateway works by intercepting sensitive data while it is still on-premise and replacing it with random token or encrypted values, rendering the data meaningless to anyone who tries to “hack” it in transit or in the cloud. At the same time, the PerspecSys solution preserves cloud application functionality – giving end users access to features and functions like search and sort -- even on sensitive data that has been tokenized or strongly encrypted. This preservation of cloud application functionality coupled with the highest levels of security is a key differentiator for PerspecSys and has been highlighted by leading research firms like Gartner, Inc. as a critical factor for enterprises considering cloud data protection solutions.

“While the cloud continues to deliver amazing benefits to companies worldwide, it also continues to pose some significant hurdles,” said David Canellos, CEO of PerspecSys. “CIOs and CISOs are struggling to balance the needs of their workforces with the critical compliance, privacy and security requirements that are associated with public cloud adoption. For the last four years, PerspecSys has been focused on creating solutions that help remove those. Our goal is to help businesses fully adopt the public cloud while keeping their critical data assets completely private at all times, and recognition by the Cloud Awards is further proof that we’re succeeding.”

Cloud Awards organizer, Larry Johnson, said, “Every year, we think we must have met the ceiling on how high the standard of entries will get. Every year those expectations are smashed, as a new wave of Cloud pioneers and innovators shows us their successes – and more importantly, their drive for success. Cloud technologies are like no other, showing a remarkable ability to act as a catalyst for scalable, intuitive, hardworking solutions for business and modern life. We are lucky enough to be able to showcase some of the brightest and best. We’re seeing entries from Europe and the UK, from Canada, from the Middle East – and they’re matching pace with US offerings. It’s always sad for those who can’t make the final shortlist, even after splitting awards into geographic regions where necessary, but I can say that every single entry would have been worthy of a place in the final list. We have no idea what the 2014-15 Cloud Awards program will bring next year, but it looks like the only way is up.”

Final winners for The Cloud Awards will be announced on Tuesday, January 28, 2014. The full list of finalists can be found at www.cloud-awards.com/previous-winners/2014-shortlist/.

About the Cloud Awards

The Cloud Awards is an international program which has been recognizing and honouring industry leaders, innovators and organizational transformation in cloud computing since 2011. The awards are open to large, small, established and start-up organizations from across the entire globe, with an aim to find and celebrate the pioneers who will shape the future of the Cloud as we move into 2014 and beyond. Categories include the Software as a Service award, Most Promising Start-Up, and “Best in Mobile” Cloud Solution. Finalists were selected by a judging panel of international industry experts. For more information about the Cloud Awards please visit http://www.cloud-awards.com/.

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 then take the steps necessary to protect sensitive information before it leaves the enterprise’s network. By removing the technical, legal and financial risks of placing sensitive data in the cloud, PerspecSys make the public cloud private. Based in Toronto, PerspecSys Inc. is a privately held company backed by investors that include Intel Capital, Paladin Capital and Ascent Venture Partners. For more information please visit www.perspecsys.com or follow us on Twitter @perspecsys.

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