SAN JOSE, Calif., Dec. 09, 2015 (GLOBE NEWSWIRE) -- FinalCode, Inc., the innovator in persistent file security, today announced that the company has been recognized as a 2015 Red Herring Top 100 Global award winner.
Unauthorized file sharing and data privacy risks are a global, prevalent issue given the explosion of digital collaboration capabilities. EMA Research’s 2015 State of File Collaboration Security report found a huge gap between file security policies and operations and the capabilities of respective technical controls in place to monitor and enforce the policies. Of large and mid-tier enterprises in North America, 84 percent of respondents had little to no confidence in current file protection and auditing controls, and 50 percent experienced frequent file data leakage incidents over the past 12 months.
“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across the globe to the Top 100 Winners. We believe FinalCode embodies the vision, drive and innovation that define a successful entrepreneurial venture. FinalCode should be proud of its accomplishment.”
Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy and market penetration. This assessment of potential is complemented by a review of the track records and standing of startups relative to their peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models from around the world. FinalCode has previously been recognized by Red Herring as a 2015 Top 100 North America startup.
FinalCode’s persistent file security platform is designed to enable businesses to easily and comprehensively protect their shared sensitive files wherever they go within and outside their organization – a well-known exposure for data leakage, compliance, reputation and liability risk. The solution provides seamless encryption and extensive usage controls, including the ability to remotely delete files. The innovative approach readily integrates within a company’s existing file sharing infrastructure while preserving workflow and allowing the recipient to work in the application they are accustomed to. FinalCode can be rapidly deployed according to project, department and business application needs and offers file-based information rights management (IRM) control of files to external users at no cost.
“Companies require stronger and more adaptable measures to reduce data leakage risks of shared files that contain sensitive, confidential and regulated data,” said Gord Boyce, CEO of FinalCode, Inc. “Being rewarded by Red Herring as a 2015 Top 100 Global startup is a testament to our innovative approach to helping organizations readily protect and maintain greater usage control over files that are shared internally and through cloud-based storage and collaboration platforms.”
About FinalCode, Inc.
FinalCode offers organizations the ultimate means to persistently secure sensitive files wherever they go within and outside the corporate network. Available as a SaaS or virtual appliance offering, FinalCode makes enterprise-grade file security easy and in a way that works with popular applications, file storage, devices, cloud and content management systems and across all communication channels: trusted, untrusted, private or public. The solution allows for user-defined and corporate policy-enforced file security with an extensive array of granular controls and the ability to remotely delete files. The company’s patented CryptoEase™ technology streamlines file security and encryption processes without requiring the user to remember passwords, and by dramatically reducing key management overhead, makes implementation of FinalCode rapid, scalable and cost-effective. Headquartered in San Jose, California, FinalCode offers its solutions through its global network of authorized partners. Learn more at http://www.finalcode.com.
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©2015 FinalCode, Inc. is a privately held Delaware corporation. FinalCode, CryptoEase and the FinalCode logo, are trademarks or registered trademarks of FinalCode. Other names mentioned may be trademarks of their respective owners.