SAN JOSE, Calif., Feb. 23, 2016 (GLOBE NEWSWIRE) -- FinalCode, Inc., the innovator in persistent file security that protects sensitive files wherever they go, moved up the ranks to no. 46 and is among the top 10 Silicon Valley-based vendors on the Cybersecurity 500 ranking of the hottest and most innovative cybersecurity companies for 2016. The Cybersecurity 500 is a global compilation of leading companies that provide cybersecurity solutions and services.
“The driving force behind the Cybersecurity 500 was providing something useful to the CISOs and security decision makers, evaluators and recommenders,” said Steve Morgan, founder and CEO at Cybersecurity Ventures and editor-in-chief of the Cybersecurity 500. “Our compilation lets them search and find specific types of solutions from the most innovative cybersecurity companies in the industry.”
Cybersecurity Ventures published its Cybersecurity Market Report in coordination with the release of the Cybersecurity 500, announcing the cybersecurity industry is expected to grow from $75 billion in 2015 to more than $170 billion in 2020.
The growth of bring your own collaboration (BYOC) presents greater and more pervasive data leakage exposures to the workplace. EMA Research’s 2015 State of File Collaboration Security report found a significant discrepancy between file security policies and operations, and the capabilities of respective technical controls in place to monitor and enforce the policies. More than 90 percent of respondents stated the lack of protection of files leaving cloud-based platforms or device containers as the highest risk to adopting cloud file storage, content management and collaboration systems.
“FinalCode is modernizing the file data security landscape and allowing organizations of any size to eliminate file collaboration data leakage risks,” said Gord Boyce, CEO of FinalCode. “We are proud to achieve this recognition in the Cybersecurity 500, which demonstrates value placed on innovative solutions that govern the sharing of sensitive information, as well as the market opportunity for FinalCode to be a disruptive force in eDRM.”
See FinalCode in action at the RSA Convention, held in San Francisco, California at the Moscone Center from February 29 to March 3, 2015 - South Hall booth S2710, South Hall.
FinalCode delivers an award-winning file security platform that allows any business to persistently protect sensitive files shared inside and outside of their organization. FinalCode has made file-based Enterprise Digital Rights Management (eDRM) easy, flexible and cost effective. Because FinalCode manages file security, not storage, transport or content management, the scalable approach readily integrates with a company’s existing file content management and cloud collaboration infrastructure. See how it works. In Cybersecurity Ventures’ recent publication, FinalCode advanced to the top 10 percent of the Cybersecurity 500 and one of the top 10 vendors based in Silicon Valley.
“Hackers, data privacy and compliance mandates are driving demand for data protection tools, which are among the top-sought information security solutions in today’s market,” added Morgan. “Beyond being in a hot security product category with proven product and leadership, FinalCode’s approach to persistent file security and enabling file-based DRM controls for cloud collaboration offers the right combination of usability and flexibility for mid-tier enterprise and broader adoption.”
About FinalCode, Inc.
FinalCode delivers a file security platform that allows any business to persistently protect sensitive files wherever they go inside and outside of their organization. Available as a SaaS or virtual appliance, FinalCode makes securing file collaboration easy and cost-effective and in a way that works with popular applications, platforms and devices while preserving user experience and workflow. The solution applies strong encryption and granular usage control on demand or by corporate policy with the ability to remotely delete files. The company’s patented CryptoEase™ technology streamlines onboarding, encryption and administration, making deployment rapid and scalable. 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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©2016 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.