| June
22, 2005
CipherOptics identified as
leading innovator
in end-to-end data protection
RALEIGH, N.C., June 22 /PRNewswire/
-- Marketintelligence Research, a
technology-focused industry research
firm that provides coverage for emerging
private companies, has released a
research report on CipherOptics, a
leader in high-speed IP network data
protection.
The report found that protecting data
while it travels over IP networks
is being recognized as a critical
element of network security infrastructure.
Fueled by recent high-profile data
protection failures at some of the
world's most well-known financial
institutions and also increased governmental
regulation, protecting data in motion
is emerging as an essential data security
strategy.
According to the report, "data
protection at the network layer is
the foundation of all data security
initiatives because it is able to
protect confidential data on a network
regardless of the success or failure
of other security technologies."
For a copy of the full report please
visit www.cipheroptics.com.
"We evaluated numerous data protection
approaches for IP networks, including
router add-ons and VPN blades, and
firewall extensions, and found an
appliance-based approach like CipherOptics
preferable in performance, low latency
and ease of implementation,"
said Gavin Long, research analyst
at Marketintelligence. "In fact,
we found no other solution that provides
an end-to-end data protection solution
like CipherOptics. From encrypting
storage data in motion to encrypting
data over unicast, broadcast and multicast
service types - we believe that CipherOptics
has the leading technology."
"We are very pleased to have
our approach to data protection validated
by Marketintelligence," said
Ron Willis, CipherOptics president
and CEO. "We believe we've done
something quite revolutionary with
our data protection gateways and are
on a path to expand data protection
on the network with future products
that are currently in development.
CipherOptics is providing the world
of IP network data protection with
a new vision."
CipherOptics has been experiencing
growing market acceptance. Some of
the world's leading organizations,
including stock exchanges, credit
card companies, data-brokers, Fortune
500 technology companies, government
agencies, banks and world-class financial
services institutions have recognized
the advantages of CipherOptics' data
protection solutions. The recent major
data protection failures continue
to underscore the need for these solutions
across multiple markets.
According to Long, in addition to
the high-profile data protection failures,
the recent announcement of Network
Appliance's acquisition of Decru has
focused even more attention to data
protection. Many industry analysts
believe that leading network data
security companies like McData, EMC,
IBM, HP, Cisco, Juniper and Nortel
will be positioning themselves to
capture market share in this rapidly
growing market. Industry analysts
look for more acquisitions during
this period of high profile and exponential
growth.
About CipherOptics
CipherOptics, the leading innovator
of high-speed data protection gateways,
protects data in motion as it travels
over IP networks. With virtually no
latency and robust industry-standard
AES encryption capabilities, CipherOptics
data protection gateways outperform
router and firewall add-on solutions
in total cost of ownership, performance,
network transparency and ease of implementation.
The CipherOptics family of data protection
gateways is field-proven in some of
the most security-conscious networks
in the world, and has received FIPS-140-2
Level 2 validation. We enable financial
institutions, global enterprises and
government agencies to secure all
data in motion while maximizing maintaining
full network capability and performance
at a very low total cost of ownership.
Privately-held CipherOptics is based
in Raleigh, North Carolina. In 2004,
the company closed on Series C funding
from Adams Capital Management, Kodiak
Venture Partners, Origin Partners
L.P. and Axiom Venture Partners L.P.
For more information about CipherOptics
visit the company website at www.cipheroptics.com.
Marketintelligence Research LLC provides
research coverage for emerging private
technology and biotechnology companies.
Through rigorous market analysis and
technological evaluation, Marketintelligence
provides major industry players with
real-time, real-world market information.
Source: CipherOptics
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