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Company Grows Rapidly as Encryption Becomes Central to Corporate Security Policies to Prevent Data Breaches and Ensure Regulatory Compliance
Palo Alto, CA/16 October, 2007 – PGP Corporation, a global leader in enterprise data protection, celebrated the fifth anniversary of the company's inception. Since 2002, the company has been a key player in the evolution of the enterprise data protection market, and PGP Corporation's technology is recognized worldwide as the de facto standard for data encryption. The PGP® Encryption Platform has been widely acknowledged for providing an innovative approach to deploying encryption throughout the enterprise. In 2007 alone, the PGP Encryption Platform won the Info Security Products Guide Product Excellence Award, the Innovationspreis 2007 ITK: IT Security Award, the TechWorld Product of the Year Award, CNET Networks UK Business Technology Security Product of the Year Award, and The Wall Street Journal Technology Innovation Award.
Leading analysts and organizations are beginning to recognize a shift away from isolated data protection solutions. These thought leaders are adopting ubiquitous protection that follows the data throughout the enterprise and beyond, recognizing the PGP Encryption Platform approach. "In an evolving, more complex business and IT environment, organizations need to work toward a more data-centric approach to protecting the most sensitive information," writes Paul Stamp, principal analyst at Forrester Research in the independent report, "Adopting An Enterprise Approach To Encryption" (March 2007). "Sensitive data needs to be encrypted as close to its point of creation as possible, and decrypted as close to its point of use as possible. The encryption and protection needs to follow the data as it moves between the diverse set of organizations that need access to it. This means that organizations need to take a more strategic, enterprise-wide approach to encryption."
In just 5 years, PGP Corporation has radically transformed the perception of encryption from being a niche technology to the data security keystone for forward-thinking enterprises worldwide. PGP Corporation was the first vendor to offer military-grade encryption to private companies and anticipated the data security issues the Internet would unleash. As a result, the company has become a worldwide organization that just completed the most successful half year in its history and serves a customer base of more than 80,000, including 75% of 2006 Fortune® Global 100.
"PGP Corporation was launched with a vision: information security isn't about devices, point solutions, or 'God boxes,'" said Phil Dunkelberger, president and CEO of PGP Corporation. "It's about defending the data wherever it goes. In the 5 years since we re-acquired the original PGP® assets from McAfee (formerly Network Associates), we've delivered on that vision and continue to be a significant driver in the enterprise data protection market. 'Defending the data' has become the challenge organizations must address. Today, as much as 75 percent of an organization's knowledge can reside in its email system, so those that don't have encryption at the center of their security policy are putting themselves and their customers at significant risk. These organizations lose the competitive advantage and business efficiencies offered by bullet-proof PGP® data encryption."
"PGP Corporation's encryption platform is a great leap forward, enabling organizations to manage, control, and defend data simply and cost-effectively wherever it resides on enterprise systems and devices," continued Dunkelberger. "The main reason encryption wasn't widespread in the past is because it was hard to use and manage. One of our biggest contributions to the security industry is creating user-friendly, robust encryption solutions—plus making encryption transparent. We provide an out-of-the-box solution that's easy to configure, easy to use, and frees up IT resources so they can concentrate on other revenue-generating projects."
PGP Corporation's data encryption experts include many of those responsible for developing the original commercial versions of PGP® encryption, including Chief Technology Officer Jon Callas, Group VP Technology and Services Olivia Dillan, and Chief Architect Will Price. The company also has a formidable line-up of business and industry luminaries on its Board of Directors, Business Advisory Board, and Technical Advisory Board, including figures such as Howard Schmidt, former Special Adviser for Cyberspace Security for the White House; industry commentator Esther Dyson; cyber terrorism expert Richard Clarke; Dr. Steve Babbage, the chief cryptologist for Vodafone Group; Bruce Schneier, CTO for BT Counterpane and internationally renowned security technologist; and Phil Zimmermann, the inventor of the original PGP® encryption code.
Max Hopper, a veteran of the IT industry and Chairman of the Board for PGP Corporation, said, "The breadth of solutions and the size of the customer base that the company has developed in its first 5 years are amazing achievements. PGP Corporation has consistently attracted the best talent and established a global network of trusted channel and technology partners. And by always putting the needs of its users first and being committed to continuing to innovate, PGP Corporation has remained synonymous with acclaimed, easy-to-use enterprise data protection." The recipient of numerous awards related to advancing information technology, Hopper has been Senior Vice President, CIO, and CEO & Chairman of AMR's SABRE Group; Executive Vice President and CIO at Bank of America; and has held executive positions at Shell Oil, EDS, and United Airlines.
Technical Advisory Board member Bruce Schneier, an internationally renowned security technologist, cryptographer, and author of seven books on network security, commented, "The threats to digital information are constantly evolving. PGP Corporation has both the vision and the expertise to continue to provide ways for organizations to defend themselves against these threats. The company's holistic, system-wide approach to encryption is quite simply the future of enterprise data protection. PGP Corporation was ahead of the curve when it launched 5 years ago, and has remained there ever since."
About PGP Corporation
PGP Corporation is a global leader in email and data encryption software for enterprise data protection. Based on a unified key management and policy infrastructure, the PGP® Encryption Platform offers the broadest set of integrated applications for enterprise data security. PGP® platform-enabled applications allow organizations to meet current needs and expand as security requirements evolve for email, laptops, desktops, instant messaging, PDAs, network storage, FTP and bulk data transfers, and backups.
PGP® solutions are used by more than 80,000 enterprises, businesses, and governments worldwide, including 95 percent of the Fortune® 100, 75 percent of the Fortune® Global 100, 87 percent of the German DAX Index, and 51 percent of the U.K. FTSE 100 Index. As a result, PGP Corporation has earned a global reputation for innovative, standards-based, and trusted solutions. PGP solutions help protect confidential information, secure customer data, achieve regulatory and audit compliance, and safeguard companies' brands and reputations. Contact PGP Corporation at www.pgp.com.
Media & analyst contacts for PGP Corporation:
Tom Rice (U.S.)
Merritt Group
+1 703 856 2218
rice@merittgrp.com
Jacqui Depares / Richard Scarlett (U.K.)
Johnson King
+44 (0)20 7357 7799
PGPteam@johnsonking.co.uk
Legal Notice Regarding Forward-Looking Statements
Some of the statements in this press release are forward-looking, including statements regarding the availability, plans, delivery, goals, development, expected features, expected benefits and competitive position of PGP products implementing or leveraging the PGP technologies. All references made to product feature enhancements, improvements in Platform support or additional functionality are subject to change at PGP Corporation's sole discretion. All future descriptions of PGP technology and products are subject to availability only if PGP Corporation decides to build them and when PGP Corporation decides to make them commercially available. Actual results could differ materially from those expressed in any forward-looking statements. Risks and uncertainties that PGP Corporation faces that could cause results to differ materially include risks associated with any unforeseen technical difficulties or software errors related to the final development and launch of any of PGP Corporation's products; any technological, regulatory, or standards changes in the security, encryption and authentications market which could make PGP Corporation's products less competitive or require feature changes in these products; any slowdown in the adoption by businesses of encryption suites, secure email, Internet technologies or related standard. The forward-looking statements contained in this release are made as of the date hereof, and PGP Corporation does not assume any obligation to update such statements nor the reasons why actual results could differ materially from those projected in such statements.
PGP and the PGP logo are registered trademarks of PGP Corporation. Product and brand names used in the document may be trademarks or registered trademarks of their respective owners. Any such trademarks or registered trademarks are the sole property of their respective owners.
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