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GuardTime Awarded for New Product Innovation by Frost & Sullivan
GuardTime Awarded for New Product Innovation by Frost & Sullivan
GuardTime, today announced it has received the 2010 Asia Pacific Frost & Sullivan New Product Innovation Award for Data Integrity Solutions.
Singapore,
Singapore,
Singapore
(prbd.net)
17/02/2011
Singapore, February 17, 2011 -- GuardTime, creator of the patented Keyless Signature™ technology used to validate the world’s data for applications such as secure cloud storage, today announced it has received the 2010 Asia Pacific Frost & Sullivan New Product Innovation Award for Data Integrity Solutions.
"By eliminating the need to utilize secret keys or proprietary algorithms which is widely practiced in competing solutions, GuardTime’s solution ensures data integrity persistently remains intact. Another noteworthy feature of the solution is that it highly leverages of the prowess of Cloud Computing and thus is made available on a global scale. With its strong emphasis on authenticity and availability, GuardTime’s solution could act as an impetus to further impel the steady growth of Cloud Computing in the Asia Pacific region," explains Ahmad Zeffirelli Ibrahim, Research Analyst with Frost & Sullivan’s Technical Insights Practice. "As we approached the end of 2010, we witnessed the numbers of objects being stored in the cloud double from 2009. It is going to be an exciting year to further witness the healthy growth of Cloud Computing as we move through 2011," added Zeffirelli.
"Cloud computing is a subject top-of-mind for most organizations and institutions around the world," said Mike Gault, GuardTime CEO. "Our Keyless Signature technology continues to garner quite a bit of attention from industry analysts, technology and service providers, and security-minded businesses as we have been able to answer the most critical question they have faced to date: how can an organization prove that their data has not been compromised in the cloud."
GuardTime’s Keyless Signature technology provides proof of signing authority, time of the signature, and lifelong integrity for data stored on disk, residing in the cloud, or in transit across networks. The signature never expires and its verification is based solely on mathematics, eliminating the need for secrets or keys and the unwieldy management associated with traditional PKI technologies.
The Frost & Sullivan Award for New Product Innovation of the Year is presented each year to the company that has demonstrated measured excellence in new, innovative product or product line within its industry. The recipient company has shown innovation by launching a broad line of emerging products. The recipient of this Award has excelled based on one or more of the following criteria:
* Innovative Element of the Product
* Leverage Leading Edge Technologies in Product
* Value Added Features/Benefits
* Increased Customer ROI
* Customer Acquisition/Penetration Potential
Just last month, GuardTime received the prestigious Red Herring Top 100 Global award, being honored as one of the year’s most promising private technology ventures from around the world.
About GuardTime:
A Red Herring Global 100 Winner, GuardTime was founded in 2006 by cryptography experts Dr. Märt Saarepera and Dr. Ahto Buldas along with Internet visionary Joi Ito. GuardTime provides a completely-available service and infinitely-scalable Keyless Signatures™ engine designed to deliver authenticity and integrity for the data that the world relies upon: as it sits on disk, moves across the network, and is used in the cloud. Visit http://www.guardtime.com for more information about using Keyless Signatures for cloud computing.
About Frost & Sullivan:
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. To join the Growth Partnership, please visit http://www.frost.com.
Press & Media Contact:
Victor Cruz
MediaPR.net Inc
Singapore
+1 401.349.3369
vcruz@mediapr.net
http://www.guardtime.com
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