Vormetric

'Vormetric Inc. is a privately held data encryption company located in Santa Clara, CA. It is mainly known for marketing Vormetric Data Security, a data protection software package.

History

Vormetric, Inc. was founded in 2001, but remained closed until 2003. It was formerly known as Soltera Networks.

Growth

Vormetric announced 2009 bookings growth of 127% and 30% operating profit for Q409.http://www.vormetric.com/company/documents/2009%20Record%20Year%20Momentum_Final%20Draft.pdf Demand for Vormetric solutions are driven by multiple compliance and regulatory agencies requiring encryption for data at rest including, Health Insurance Portability and Accountability Act (HIPAA) and HITECH, Payment Card Industry Data Security Standard (DSS), State breach notification laws, Sarbanes-Oxley Act, Gramm-Leach-Bliley Act (GLBA), and a host of other federal, state and international requirements.

Investors include:

• • JK&B Capital,
  • Quicksilver Ventures
  • Sigma Partners,
  • Vanguard Venture Partners

Key Partnerships

IBM - IBM Database Encryption Expert uses Vormetric encryption technology within IBM DB2 environments. Additionally, Vormetric is an IBM Advanced Business Partner, a participant in TotalStorage Proven and has technology and business relationships with the Information Management and Server Technology groups. Vormetric Data Security has been certified/validated for interoperability with a broad array of storage systems, computing platforms and the IBM DB2 and IBM Informix data management platforms.

Symantec - Vormetric is a Symantec OEM partner and the creator and provider of the encryption, compression and key management technology used in Veritas NetBackup solution for enterprise-level data backup and recovery. The solution, called NetBackup Media Server Encryption Option (MSEO), uses Vormetric technology for data encryption at the enterprise media server rather than at a client device or on a separate appliance.

Software

Vormetric Data Security solution has approximately 14 patents and consists of both a software and hardware appliance component. The product uses industry standard Advanced Encryption Standard (AES) and is Federal Information Processing Standard FIPS 140-2, Level 2 certified as well as FIPS 140-2, Level 3 certified for key management in particular. Vormetric Data Security is made up of the Vormetric Data Security Manager, which provides centralized key and policy management for each of the individual client-side encryption experts, including:

• Vormetric Database Encryption Expert
• Vormetric File Encryption Expert
• Vormetric Backup Encryption Expert
• Vormetric Key Security Expert

As an additional product, Vormetric provides Vormetric Integrated Key Management for centralized key distribution, backup and recovery.

Vormetric context-aware access control technology allows access to sensitive data only by authenticated users and applications that are authorized to perform the requested operation on the targeted data at the time the operation is being attempted. System administrator access privileges are also controlled. Data at rest is encrypted in any storage environment, and specific vital elements of the host are also protected.http://www.enterprisestorageforum.com/technology/news/article.php/3286801

Customers

Examples of Vormetric customers across different segments include Prudential, BCAA, MetaBank, Carlson, Classified Ventures and government agencies.

Contributed Content

eWeek - Health Care IT

• "How to Secure Health Care Data to Meet HITECH Act Compliance", Gretchen Hellman[1]

Advance - for Health Care Executives

• "The Implications of HITECH", Gretchen Hellman[2]

SC Magazine

• "Enterprise Key Management Deciphered," Steve Pate [3]

External Links

Vormetric Web site[4] IBM Data Encryption Expert[5] NetBackup Media Server Encryption Option (MSEO)[6] Key Management Expert[7] Pass The PCI Audit: 20 Hot Compliance Products[8] VentureBeatProfiles for Vormetric[9]