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Baltimore, MD, United States, 2012/07/03 - Frost & Sullivan recognized SafeNet, Inc., a leading global data protection company, with its New Product Innovation Award, Europe, for Cloud-based Authentication Services. Euronext NL0000400653 GTO
SafeNet received the accolade for the development of BlackShield Cloud, which delivers an innovative, flexible, and cost-effective cloud architecture with both an on-premise and authentication-as-a-service solution.
“With the rise of online crime, identity theft, and system attacks, enterprises are under increased pressure to implement robust security protocols, while ensuring the solution deployed is scalable and can grow with business needs,” said Charanya Balasubramanian, Senior Analyst at Frost & Sullivan. “SafeNet offers extensive flexibility to customers by supporting a vast token range and delivering a comprehensive self-service portal that reduces management costs. In addition, ease of deployment and compliance to several industry regulations makes it a preferred choice for global customers across industries. The breadth and delivery of SafeNet’s authentication portfolio helps customers meet the demands induced by increasing mobility and localization. By accommodating emerging trends in security, we expect SafeNet to gain a strong foothold in the Cloud-based Authentication Service segment.”
Below is the criterion and commentary that Frost & Sullivan utilized when evaluating SafeNet BlackShield Cloud against its competitors:
Innovation: BlackShield Cloud positions itself uniquely by bringing together cloud, token-less mechanisms, and automation to meet the changing requirements of authentication. Moreover, BlackShield Cloud offers an effective logon mechanism for any token type across all resources accessed by users from their internal enterprise network through public and private cloud applications.
Leading-Edge Technology: The technical excellence of the SafeNet team is reflected by the ability to deliver one time passwords on-demand in a Web-based business environment with great level of flexibility without compromising on security.The BlackShield Cloud is backed by multi- tenant architecture to support comprehensive management of multiple accounts.
Value Added Features / Benefits: BlackShield Cloud offers the flexibility and scalability required to support the growing mobile workforce—the solution offers specific APIs that permit integration into enterprise workflows from mobile devices and complies with different security standards, including Sarbanes Oxley Act (SOX), Payment Card Industry (PCI), and Health Insurance Portability and Accountability Act (HIPAA).
Customer ROI: By offering a simple price-per-user model, BlackShield Cloud protects customers from known, hidden, and extra costs. In addition, the availability of a ready-to-go full virtual authentication server hosted from a cloud, averts the need for additional infrastructure or ongoing infrastructure costs.
Customer Acquisition/Penetration Potential: As the need for business-to-business authentication is becoming more common, SafeNet has rightly identified this opportunity and has devised specific channel partner strategies to accelerate growth across multiple areas.
“Frost & Sullivan’s recognition of SafeNet’s innovation in cloud-based authentication service is further validation of our strategy,” said Jason Hart, Vice President of Cloud Solutions at SafeNet. “The emergence of authentication as a service has created an opportunity for us to help our customers easily and securely migrate their data from the enterprise to both private and public clouds in a cost-effective manner. Importantly, the breadth of our market-leading authentication solutions and the scalability of our BlackShield platform will enable our customers to stay ahead of the rapidly changing security landscape, as well as meet the increasing demands of emerging security regulations.”
Frost & SullivanBest Practices Awardsrecognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
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.
About SafeNet, Inc.
Founded in 1983, SafeNet, Inc. (safenet-inc.com) is one of the largest information security companies in the world, and is trusted to protect the most sensitive data for market-leading organizations around the globe. SafeNet’s data-centric approach focuses on the protection of high value information throughout its lifecycle, from the data center to the cloud. More than 25,000 customers across commercial enterprises and government agencies trust SafeNet to protect and control access to sensitive data, manage risk, ensure compliance, and secure virtual and cloud environments.