STAMFORD, CT--(Marketwired - Apr 29, 2015) - Protegrity announced today a partnership with Xactly to help clients extend additional enterprise data security to a leading cloud-based incentive compensation solution to meet strict data protection policies and residency laws.
"While some organizations may actually be using security concerns as an excuse to avoid cloud hype, security along with its related privacy implications continue to be the most commonly cited reasons for not making greater use of public clouds," wrote analyst Jay Heiser in the Gartner "Hype Cycle for Cloud Security, 2014." 1
The report continues, "Surprisingly, the biggest potential for further reducing unauthorized access to data now lies in the hands of the cloud buyer, as cloud service providers increasingly point to partner companies as sources of new security and control technologies. Current and potential cloud customers must avoid the trap of 'cloud complacency': assuming that anything that's as easy to use as a cloud-based service must automatically be secure and reliable."
The Protegrity Cloud Gateway protects sensitive data before it gets to the cloud, giving organizations the ability to rapidly adopt solutions like Xactly Incent by extending to the cloud the same trusted technology and unique policies used to protect their core on premise systems. Data can be encrypted or tokenized using a no-code, configurable interface without impacting business processes or sacrificing the functionality and features of the Xactly solution.
"The Protegrity Cloud Gateway removes barriers for customers who otherwise wouldn't consider implementing SaaS solutions due to their unique needs around data security and privacy by bringing an added layer of data protection and control to clients who require it, said Evan Ellis, president, Xactly Corporation, which has been positioned as a Leader by Gartner in the 2015 Magic Quadrant for Sales Performance Management. 2
"By partnering with Xactly we will be able to help companies harness the power of Xactly's leading incentive solutions while meeting internal privacy standards or external regulations," said Protegrity CEO Suni Munshani. "As more business applications move to the cloud, Protegrity stands ready to help ease that transition for companies who want to have the highest levels of enterprise data security without negatively impacting the performance of the SaaS solutions they use to run their business."
About Protegrity: Proven Experts in Data Security Protegrity is the only enterprise data security software platform that leverages scalable, data-centric encryption, tokenization and masking to help businesses secure sensitive information while maintaining data usability. Built for complex, heterogeneous business environments, the Protegrity Data Security Platform provides unprecedented levels of data security certified across applications, data warehouses, mainframes, big data, and cloud environments. Companies trust Protegrity to help them manage risk, achieve compliance, enable business analytics, and confidently adopt new platforms. For additional information visit www.protegrity.com .
About Xactly Corporation With Xactly, companies unleash the motivational power of their incentive compensation. Our cloud-based, secure solutions help customers take control of their incentive processes and inspire performance.
© 2015 Protegrity USA, Inc. and Xactly Corporation. All rights reserved. Protegrity and the Protegrity logo are trademarks of Protegrity Corporation. Xactly, the Xactly logo, "Inspire performance" and CompCloud are registered trademarks or trademarks of Xactly Corporation in the United States and/or other countries. All other trademarks are the property of their respective owners.
1. Gartner "Hype Cycle for Cloud Security, 2014" by Jay Heiser, 25 July 2014 2. Gartner "2015 Sales Performance Management Magic Quadrant," by Tad Travis, January 6, 2015
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose .
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PROTEGRITY PRESS CONTACT: Michael Maloney michael.maloney@protegrity.com 203-569-4670 XACTLY PRESS CONTACT: Kristin Reeves Blanc & Otus Public Relations kreeves@blancandotus.com 415-856-5145
