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Investment Firm Snaps Up Encryption Specialist Cryptzone

9/04/2014 by

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Medina Capital, the equity investment firm focused on the IT infrastructure sector, is fleshing out its security portfolio with the purchase of Cryptzone. The publicly traded company offers encryption and identity and access management (IAM) solutions.

Cryptzone protects enterprise information assets, corporate applications and other network resources, including Microsoft SharePoint environments. The firm’s customers include five companies from the Fortune 50 and various government agencies, which are using Cryptzone for document security, access control and compliance auditing capabilities.

Cryptzone’s primary products include Simple Encryption Platform (SEP) and AppGate. The SEP solution is an enterprise-wide platform that addresses encryption requirements for data in transit, email data, portable media, information on the corporate network and Microsoft SharePoint infrastructure. Cryptzone’s AppGate solution, meanwhile, is an enterprise-wide identity and access management platform that focuses on users and the applications they need access to instead of the traditional IP-centric network approach. AppGate provides secure, role-based access control to enterprise users granting them access to only authorized assets.

“Large-scale data breaches impacting companies like Target, and their tens of millions of customers, are indicative of the new threat landscape targeting critical data in all industries and underscore the need for the types of secure access controls provided by Cryptzone,” said Manuel Medina, founding and managing partner of Medina Capital, in a statement. “Through our investment and the strategic guidance to Cryptzone’s leadership team, we believe the company will be ideally positioned to take advantage of a significant market opportunity for leading-edge identity and access management solutions. Cryptzone has already gained tremendous traction in the U.S. market and we plan to build on that momentum by establishing a significant presence for the company here in the near future.”

This article has been extracted from http://www.infosecurity-magazine.com, please click on this link to read the article in full http://www.infosecurity-magazine.com/view/37877/investment-firm-snaps-up-encryption-specialist-cryptzone/

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