By Steven Overly, The Washington Post
Tech Cocktail appears to be winning big in Vegas.
The media and event company announced a $2.5 million investment last week from Zappos.com chief executive Tony Hsieh that will allow the company to “focus on deepening the coverage, exposure, and resources we currently provide to new start-ups and start-up regions all across the United States and the world.”
By Byron Acohido, USA Today Print Edition
SEATTLE – With companies and governments spending billions to repel cyber threats, a surge of venture capital has begun pouring into companies developing cybersecurity technologies.
“Cyber is the front line of the conflict, and there is a tremendous need for solutions which secure the digital frontier,” says Bob Ackerman, managing director of Allegis Capital.
By Byron Acohido, USA Today
SEATTLE – With companies and governments spending billions to repel cyber threats, a surge of venture capital has begun pouring into companies developing cybersecurity technologies.
“Cyber is the front line of the conflict, and there is a tremendous need for solutions which secure the digital frontier,” says Bob Ackerman, managing director of Allegis Capital.
By Byron Acohido, USA Today
Venture capitalists continue to toss millions at companies supplying technologies to defend cyber attacks. The latest example: an investment group led by Paladin Capital Group, Ascent Venture Partners and Intel Capital this morning announced $12 million in funding for PerspecSys.
By Scott Denne, Dow Jones | Venture Wire
PerspecSys Inc. is the latest data-protection company targeting the cloud market to land venture capital, raising $12 million to sell a service that protects a company’s data as it moves into cloud applications. New investors Ascent Venture Partners and Paladin Capital Group led the round, with participation from Intel Capital . PerspecSys has now raised more than $20 million in funding.
Read entire when you log in to Dow Jones | Venture Wire…
By Knowlton Thomas, Techvibes
PerspecSys, which specializes in cloud data protection solutions for the enterprise, this morning raised $12 million in funding from new investors Paladin Capital Group and Ascent Venture Partners, as well as return backer Intel Capital and others.
The company, which has headquarters in Toronto, previously raised $8 million in a Series A round, bringing its total financing amount to more than $20 million.
By Gerry Grealish, VP Marketing and Products for PerspecSys
Earlier this year, McKinsey & Company released an article titled “Protecting information in the cloud,” discussing the increased use of cloud computing by enterprises across several industries and the benefits and risks associated with cloud usage. The article recognizes that many organizations are already using cloud applications and as a result realizing the associated efficiency and cost benefits. In fact, most of these organizations are looking to increase their usage of the cloud this year and beyond in both private and public environments. However, there are issues that are inhibiting adoption, such as risks tied to data security and concerns around privacy and compliance.
By Gerry Grealish, VP marketing and products for PerspecSys
You don’t need to convince anyone that the cloud has some serious upsides: cost savings, fast deployment times and streamlined application support and maintenance have all been often cited as benefits. However, not everyone is racing to adopt the cloud. A recent report from Gartner titled “Five Cloud Data Residency Issues That Must Not Be Ignored” highlights one key reason for this hesitancy – enterprises’ questions and concerns about jurisdictional and regulatory control arising from a lack of clarity on where cloud data truly resides. The report from Gartner recommends that enterprises adopt measures that will simultaneously boost the security of sensitive data as well as assist them in satisfying regulatory compliance with data residency laws.
Read entire article on TheDataChain . . .
By Jeff Gould, Peerstone Research
We recently had the opportunity to talk with David Cannellos, CEO of PerspecSys, about his company’s cloud encryption and tokenization solutions. PerspecSys recently joined SafeGov as a partner.
What follows is an edited transcript of our conversation.
Q: What does PerspecSys do? Read entire article on SafeGov . . .
By James Furbush, TechTarget
Organizations that struggle with mobile data security find tokenization to be an efficient way to protect data that travels outside the corporate firewall.
The technology, which replaces sensitive data for a representative token value, is primarily used by retail merchants to obscure credit card information for Payment Card Industry Data Security Standard (PCI DSS) compliance. But tokenization is also applicable for organizations wary of cloud security. Read more . . .
By David Canellos, CEO of PerspecSys
Cloud computing has become a hot growth area in China, driven by both large-scale government initiatives and private investment. However, as alluring as the cloud is in China, for foreign firms trying to do business there, the uncertain legal environment can create a number of serious challenges. Read entire article on CloudTweaks.com . . .
By Robert Lemos, Contributing Writer Dark Reading
Encrypting data in the cloud is an important security step, but without the proper handling, it can make processing the data — from searching to number crunching — much more difficult
Encryption in the cloud is about preventing outside hackers and external partners — even the cloud provider themselves — from accessing a company’s private data. However, companies tend to shy away from scrambling their data because, in the past, making the data unreadable to others also disrupted the business. Read entire article on Dark Reading . . .
Encryption and key management firm Voltage Security and cloud data protection vendor PerspecSys Inc. have joined forces to boost cloud data protection. The union promises to build out the deepening cloud security market and give partners an edge as cloud security and compliance gain traction and relevancy in 2013. Read the full article on Channelnomics>>
Report: Key Questions You Should Consider
Industry surveys consistently show that data security is the number one concern when it comes to cloud adoption. In this report DMH Stallard answers key questions people are asking about cloud solutions. They also interviewed key individuals in the industry. Click Here to Download Complete Report
By David Stott, PerspecSys Senior Director of Product Management
No one is immune to the ever-changing technology forecast, but one constant (at least for the near future) appears to be global cloud cover. Cloud computing is arguably the most dominant theme on every enterprise’s IT list, but in Europe, it’s being met with some key challenges. The European Commission acknowledges that Europe must become more “cloud active” to stay competitive in the global economy, but public cloud adoption is fragmented and lags behind the US by some three to five years. Read the full blog in Infosecurity>>
With the market for cloud-based applications exploding, Stephen Pritchard tells security professionals what they need to know about software-as-a-service. Read the full article in Infosecurity >>
By David Stott, PerspecSys Senior Director Product Management
Earlier this year, NIST (the National Institute of Standards and Technology) released a new publication, entitled Cloud Computing Synopsis and Recommendations, which describes in detail the current cloud-computing environment. It explains the economic opportunities and risks associated with cloud adoption and openly addresses the security and data privacy challenges involved with cloud use. NIST makes numerous recommendations for commercial organizations and government agencies considering the move to the cloud—including delivering a strong case for uniform management practices in the data security and governance arenas. Read the full article in Slashdot >>
By Eric Hay, PerspecSys Director, Field Engineering
Advanced technology is a beautiful thing. Not only has it enabled the creation of new, more efficient methods of application delivery and data storage (the Cloud is a prime example), but it’s also helped propel the development of more sophisticated solutions for data protection as well (think tokenization, encryption). That said, there is a challenge that accompanies this evolution of technology – the savvy cybercriminal. Read the full post in Infosecurity >>
When the European Commission unveils its new cloud computing plan of action this week, the hope is it will reduce fear, uncertainty and doubt around Europe’s confusing welter of data protection laws that are impeding the broad adoption of cloud — especially public cloud — technologies. The European Cloud Computing Strategy is expected to push an array of standards for cloud computing and to help alleviate some of the legal hurdles to adoption. Read the full story in GigaOM >>
Recently, PerspecSys Inc., a provider of cloud data protection solutions for the enterprise, achieved interoperability with various Single Sign-On (SSO) and Identity Management solution providers. These providers include Symantec, RSA, Ping Identity and McAfee. Read the full article in TMC.net>>
