Mumbai, Maharashtra, India, Tuesday, October 15, 2013 (Business Wire India)

Frost & Sullivan bestowed the 2013 “Secure Cloud File Sharing, Mobility and Backup Platform for Enterprises” Award to Vaultize in the New Product Innovation Leadership category. The Award was presented to Mr. Anand Kekre, CEO and Co-founder, Vaultize on 8th October at the recently concluded GIL India 2013, a global summit at The Taj Lands End, Bandra, Mumbai.

Consumer grade file sharing and backup solutions are exposed to potential security threats and data loss risks when used in an enterprise environment. In order to address these issues, Vaultize provides a unified platform for file sharing/sync, encryption and endpoint backup, and offers seamless access to corporate file servers providing visibility and control to enterprises. Vaultize, with a unified platform approach, negates the need for deploying solutions from multiple vendors to achieve various functionalities.

Frost & Sullivan’s New Product Innovation Leadership award for “Secure Cloud File Sharing, Mobility and Backup Platform for Enterprises” is bestowed upon the organization that demonstrates the following performance criteria, which are used to benchmark the New Product Innovation Leadership Award:

— Innovative Element of the Product
— Leverage Leading Edge Technologies in Product
— Value Added Features/Benefits
— Increased Customer RoI
— Customer Acquisition/Penetration Potential

Frost & Sullivan evaluated the key challenges in the file sharing, mobility, and backup platform for enterprises and identified the major solution providers in the Indian market. Analyzing the innovations from each shortlisted nomination and based on ratings for several above mentioned criteria, Frost & Sullivan presented this prestigious award to Vaultize, for its unique unified platform, for secure file sharing, mobility, and backup.

Mr. Anand Kekre, CEO and Co-founder, Vaultize said “This award recognizes our leadership in creating a secure enterprise platform for end-to-end protection of corporate and enterprise data, while providing the user experience of consumer solutions for improved productivity. Now with Vaultize even highly regulated enterprises can embrace Bring-Your-Own-Device (BYOD) without worrying about security and data loss risks. This award further validates that our technology is addressing the pains and challenges faced by enterprises due to growing trends in consumerization and mobility, and at the same time delivering a better experience to end users.”

Mr. Anand S, Senior Director, Frost & Sullivan, said, “The proliferation of the use of mobile computing technologies has given enterprises substantial mobility to enhance productivity. However, security has been an issue restricting optimum dependency on such devices. Vaultize, by virtue of its patent-pending encryption and de-duplication technologies implemented together at source, facilitates in delivering secure file sharing and data backup with minimal amount of data transfer over network – essentials for mobility.”

Enterprises face huge bottlenecks in controlling sensitive corporate data while sharing and backing up information on the cloud that includes lack of IT control making sensitive information from enterprises more susceptible to leakage and data loss, lack of security with third party cloud services, need for a more flexible approach to access data from corporate servers similar to the consumer cloud, and lack of formal BYOD policies. To address the challenges, cloud security solution provider Vaultize has developed the Vaultize Enterprise Platform that leverages its proprietary patent-pending encryption and de-duplication technology implemented at source to provide advanced security and backup facility for the cloud file sharing and mobility. Vaultize is well positioned to gain attention in the market in the next one to two years, leveraging its strong partnership programs across the globe.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.

The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

About Vaultize

Vaultize Technologies is a privately held company headquartered in Pune, India. It is funded by Tata Capital Innovations Fund. It has presence in more than 30 countries – including the US and Europe, through its channel network consisting of resellers, distributors, system integrators and MSPs. Vaultize is opening its regional sales offices in the US and UK to scale up its channel-focused go-to-market strategy.

Cloud-based file sharing and sync services have revolutionized the way people access and share information. People are freely using these services even for their official work, and hence sensitive corporate data is now residing in third-party clouds without the knowledge and control of IT — posing significant data loss, security and compliance risks. Vaultize comes to your rescue by giving a unified platform for file sharing, sync, endpoint backup, endpoint encryption, anywhere/anytime access to data on corporate file servers and enterprise mobility— everything with complete enterprise control and visibility.

Through Vaultize’s endpoint encryption, sensitive corporate information remains encrypted on endpoints ensuring protection against unauthorized access and potential data leakage from lost or stolen device. In addition to on-disk protection, Vaultize’s patent pending encryption technology used in file sharing and backup ensures that the data is encrypted or decrypted only on endpoints – guaranteeing end-to-end protection.

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Media contact details

Ravinder Kaur, Corporate Communications – South Asia,
Frost & Sullivan,
+91 9940141714 / +91 (44) 66814413,
ravinder.kaur@frost.com

Nimisha Iyer, Corporate Communications – South Asia, Middle East & North Africa,
Frost & Sullivan,
+91 9820050519 / +91 (22) 66072004,
niyer@frost.com

Sam Vitkar,
Vaultize,
+1-650-319-7382 / +91 (20) 20257382,
press@vaultize.com

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