SAN JOSE, Calif., July 25, 2018 (GLOBE NEWSWIRE) -- GhangorCloud , provider of the industry’s most advanced information security and compliance solutions, today announced it has achieved a series of significant company and product milestones during the first half of 2018, positioning the company to capitalize on what is predicted to be a trillion dollar cybersecurity market opportunity.
Leading IT security research firm Cybersecurity Ventures predicts global spending on cybersecurity products and services will exceed $1 trillion cumulatively by the year 2021 . In parallel, the firm also expects cybercrime to continue rising and cost businesses globally more than $6 trillion annually by 2021 , up from $3 trillion in 2015, and states that, “Cybercrime is the greatest threat to every company in the world, and one of the biggest problems with mankind.”
GhangorCloud’s Information Security Enforcer (ISE) is based on key groundbreaking technological innovations, including artificial intelligence-based data leak prevention (DLP). Unlike other policy-based solutions, GhangorCloud’s patented (and patent-pending) algorithms auto-identify and auto-classify confidential data, correlate that information to security policies, and use that correlation as a means of enforcing security policies against any possible exfiltration and/or compliance violation for that data.
Research firm Frost & Sullivan bestowed its prestigious 2018 Global Technology Innovation Award to GhangorCloud for pioneering fourth generation DLP technology. “DLP solutions were meant to decrease the risk and severity of data breaches but they could not keep pace with organizations' demand for speed, scale, comprehensiveness, and certainty. GhangorCloud ISE meets all of these requirements by offering real-time speed, unlimited scalability, comprehensive scope (content and actors), and authentic alerts," said Michael Suby, Stratecast VP of Research, Frost & Sullivan. "Overall, its application diversity, scalability, and ability to optimally utilize human capital makes it a welcome addition to an enterprise's security portfolio."
Other milestones GhangorCloud has achieved in the first half of 2018 include:
- The launch of ISE 3.0 , marking the product’s evolution into a full-fledged data leak and exfiltration prevention (DLEP) solution that includes full cloud access security broker (CASB) functionality
- Significant customer traction and success, represented by:
- Marquee customer names in both the U.S. and overseas
- Replacement of major incumbents (such as the ‘usual suspects’) in customer accounts
- Substantial momentum in IP protection, including deployment at one of the world’s largest semiconductor manufacturers
- Partner and channel expansion that includes:
- Agreements with several industry-leading systems integrators and resellers in the U.S. and abroad, resulting in key customer traction in North Africa, the Middle East, India and AsiaPac markets
- The launch of a robust training and certification program for channel partners
“We are extremely proud of the accomplishment we have made in just the last six months of 2018 – certainly a testament to the high value GhangorCloud provides to a market clamoring for robust security solutions that decrease the risk and severity of data breaches,” said Tarique Mustafa, founder, CEO and CTO of GhangorCloud. “Our commitment to technology innovation and keeping pace with the demand for speed, scale, comprehensiveness and certainty is unwavering. We will continue building on our successes to accelerate GhangorCloud’s growth and leadership in a market with substantial financial opportunity.”
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About GhangorCloud Headquartered in Silicon Valley, GhangorCloud is a leading provider of next-generation Information Security and Compliance solutions. GhangorCloud's Information Security and Compliance appliances protect data based on its contextual and conceptual significance, using a powerful policy engine and security algorithms to identify, classify, and protect large volumes of information in real-time with unprecedented accuracy. The company is founded by Silicon Valley security veterans Tarique Mustafa and Bhanu Panda, and is backed by a team, board, and advisors that include leading authorities from companies like Symantec, McAfee, Trend Micro, Cisco, Juniper, Alteon and Array Networks. For more information, see www.GhangorCloud.com .
Media Contact: Sabrina Sanchez The Ventana Group ssanchez@theventanagroup.com (925) 785-3014
