SafeNet Helps Service Providers Strengthen Customer Trust in the Cloud with Encryption-as-a-Service Offering

ProtectV® Encryption Offering Enables Service Providers to Offer Customers the Ability to Secure and Segregate Data in Multi-Tenant, Virtual Cloud Environments

Nov 24, 2014, 08:30 ET from SafeNet, Inc.

BALTIMORE, Nov. 24, 2014 /PRNewswire/ -- SafeNet, Inc., a global leader in data protection, today announced ProtectV for Service Providers, an encryption solution that lets service providers deliver enhanced data protection and access control to their customers when storing their data in cloud and virtual environments. With analysts predicting that up to 70 percent of organizations will be using virtualization by the end of 2015, the ability to secure all data that is stored in the cloud is an imperative for both service provider business models and enterprises' adherence to the increasing number of compliance regulations.

"By adding the ability to offer encryption-as-a-service through SafeNet along with our IaaS solutions, we are helping our customers move to the cloud with confidence," said Tomas Novak, CTO at Cloud4com.  "As a service provider, SafeNet ProtectV enables us to differentiate our offerings from other cloud providers, build greater relationships with customers, and create more revenue opportunities."

ProtectV can be deployed into a customer environment as part of a service provider's Infrastructure-as-a-Service (IaaS) offering, and delivers full encryption of virtual machines and storage volumes that their customers can use to protect their data and segregate it from the provider and other customers.  It prevents unauthorized data access by enabling organizations to separate and control their information in multi-tenant environments, including public and hybrid cloud models.  ProtectV for Service Providers is available for Amazon Web Services partners and VMware-based cloud platforms.

"Data security remains a top concern for enterprises as they consider moving more of their sensitive data and workloads to the cloud," said Garrett Bekker, Senior Analyst at 451 Research. "As cloud service providers look for ways to better engage their customers with value-added offerings, encryption-as-a-service can help enterprises offload the complexities of managing encryption and key management across heterogeneous resources while maintaining their security and meeting compliance mandates."

The SafeNet solution delivers a number of benefits specifically to meet the needs of service providers and enterprises by combining the flexibility of the cloud with the enhanced data security of encryption. Among these is the ability to quickly provision encryption services for customers and then offer the service on a pay-as-you-go basis, thanks to both a flexible billing package and a built-in usage metering API. ProtectV also enables seamless integration with existing service offerings with programmatic API support. For enterprises, the solution allows them to use IaaS offerings with full data lifecycle accountability, audit trails, and detailed compliance reporting. This helps organizations that might otherwise have been discouraged from using cloud services to have full confidence of data control within cloud environments.

"ProtectV for Cloud Service Providers will help cloud infrastructure vendors drive adoption of their services by assuring customers that their critical data will remain under their control, even in shared environments," said David Etue, vice president, corporate development strategy, SafeNet. "Organizations that were once wary of moving sensitive workloads to the cloud, particularly in highly regulated industries, can now do so more confidently. That makes this a win both for the customers and for service providers."

ProtectV also provides pre-launch authentication and granular access controls to deliver complete control and proof of ownership for both the encrypted data and associated keys by both the customer and their service provider. ProtectV combines with SafeNet's virtual or hardware key management solutions to deliver FIPS 140-2-level security. ProtectV for Service Providers offers suppliers of virtualized services the ability to secure their cloud, assuring them the ability to deliver a unique level of trust to their clients.

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About SafeNet, Inc.
Founded in 1983, SafeNet, Inc. is one of the largest information security companies in the world, and is trusted to protect the most sensitive data for market-leading organizations around the globe.  SafeNet's data-centric approach focuses on the protection of high-value information throughout its lifecycle, from the data center to the cloud.  More than 25,000 customers across commercial enterprises and government agencies trust SafeNet to protect and control access to sensitive data, manage risk, ensure compliance, and secure virtual and cloud environments. Learn more about SafeNet on Twitter, LinkedIn, Facebook, YouTube, and Google+.

SafeNet Media Contact:
Amanda Curtis
(443) 327-1276
amanda.curtis@safenet-inc.com

Anina Steele
+44 1276 608 055
anina.steele@safenet-inc.com

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SOURCE SafeNet, Inc.



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