New York, NY — March 31, 2014 – Vaultive today announced that the first global investment bank to adopt Microsoft’s Office 365 service has selected Vaultive to provide the data encryption required to enable the bank to migrate its global workforce to the cloud. The bank chose Vaultive after an exhaustive 6 month competitive review, citing Vaultive’s strongest level of data encryption, functionality, performance, responsiveness, and support for multiple cloud-applications.

While banks and other financial services firms have long been at the forefront of technology trends, this is not the case with cloud computing. Strict regulatory requirements, as well as security and disclosure concerns, have prevented cloud adoption. In addition, firms that operate globally are constrained from migrating to the cloud by a growing number of international data residency laws.

Vaultive successfully addressed the issues preventing the bank’s move to the cloud. With Vaultive deployed at the bank’s gateway, the bank persistently encrypts all data before the data leaves the bank’s network. Of particular importance, the bank’s IT department — not Microsoft — retains the encryption keys, ensuring that the bank maintains complete ownership, control and governance of its data, regardless of where it resides.

“Financial services firms want to move to the cloud, but have very real requirements to control who can do what with their data, regardless of where it resides,” said David Cullinane, Chairman of the Cloud Security Alliance and former Chief Information Security Officer of eBay and Washington Mutual Bank. “What customers require is that neither Microsoft nor any cloud provider have any way to access their data in the clear. For this to happen, businesses also need to encrypt ‘in use’ because encryption at rest and in transit are no longer sufficient. By persistently encrypting data before it leaves their network and holding onto the encryption keys, businesses can ensure that the data is never accessible to any unauthorized person.”

“We’re thrilled to have enabled the first global bank to adopt Office 365,” said Elad Yoran, Vaultive CEO. “In addition, we are working with others who will soon follow. Vaultive provides unmatched security, functionality, performance and responsiveness across a broad array of cloud applications.”

Vaultive’s encryption for the cloud protects across the data lifecycle: in transit, at rest and in use. The company’s persistent encryption enables server-side operations, including search, sort and index on encrypted data, without ever decrypting the data. By providing the global bank with complete control of their data, Vaultive empowers the customer to fully realize the benefits of migrating to Office 365, including eliminating redundant centers supporting global email, reducing email infrastructure, and transforming IT into an enabler of the most advanced applications.

Vaultive will be discussing the implementation at the Microsoft Exchange Conference in Austin, March 31st – April 2nd, booth 504. The company will also be available at the IANS New York Information Security Forum on March 31st and April 2nd, where CEO Elad Yoran will be participating in a roundtable on the topic of “Encryption: The Best Tools, Techniques and Key Management Strategies.”

About Vaultive
For businesses moving to the cloud, Vaultive’s encryption in use technology mitigates risk by empowering companies with control and ownership of their data wherever it resides. Vaultive’s customers hold the encryption keys, letting them retain the freedom to use the cloud applications professionals rely on, while ensuring the governance and security that the business demands. Optimized for Microsoft® Office 365 and integrated with major cloud applications, the Vaultive platform supports best practices for the control and ownership of corporate data in the cloud as outlined by the Cloud Security Alliance. Vaultive addresses the requirements of global enterprises in financial services, life sciences and pharma, legal and professional services, manufacturing, retail and media, while also offering a cost-effective solution for mid-size and smaller companies. For more information, visit www.vaultive.com or follow us on Twitter.

For additional information, contact:
Dan Gaffney
fama PR
Vaultive@famapr.com
617-986-5036