CipherCloud Launches European Expansion into Germany
Significant growth opportunities for cloud data protection as German organizations adopt cloud applications
SAN JOSE, Calif., Feb. 5, 2015 – CipherCloud, a leader in cloud security, announced that it has opened its German headquarters in Cologne with plans for rapid expansion into the German market. The new offices will include sales, professional service and customer support staff to engage and collaborate with customers and support other go-to-market initiatives in Germany.
Following its sizable $50 million Series B round in November, CipherCloud is expanding the breadth of its European operations to respond to customer demand. CipherCloud has grown rapidly in Europe since the launch of its European headquarters in London, UK two years ago. The company now protects more than 3 million users across a dozen countries and more than eleven industries. Top customers in Europe include companies in financial services, healthcare, telecommunications, consumer products and government agencies. To accelerate this growth, CipherCloud is announcing the opening of its offices in Germany and France.
“We’re continuing to grow our presence in Europe as part of our rapid expansion in 2015 and beyond,” said Pravin Kothari, founder and CEO, CipherCloud. “We are taking a country specific on-the-ground strategy to enable closer collaboration with prospects and customers from the very beginning of the relationship. As a cloud security company, we are a trusted advisor for customers whose deployments require careful navigation of the cloud’s inherent privacy, security and data residency complexities. While common regulatory themes exist for the treatment of digital data, each country brings its own national complement to European laws.”
CipherCloud enables businesses and government agencies to adopt cloud applications while overcoming data security, privacy and compliance risks. CipherCloud has done this by bringing to market the industry’s first complete cloud security platform. Organizations in this market face strict compliance challenges for security due to the data privacy and residency requirements mandated by regional and national laws. The European Data Protection Directive penalizes companies for insecure data practices that lead to data privacy breaches and the Bundesdatenschutzgesetz (BDSG), a Federal Data Protection Act, requires companies operating in Germany to retain data within the national boundaries.
“European customers must comply with pan-European data legislation and country-specific privacy regulations,” said Jeroen Blaas, General Manager, CipherCloud Europe. “We are tripling investments in the region to help enterprises who operate here comply with the stringent regulatory environment currently in play and up ahead. The European Data Protection Directive has led to stronger interpretations for privacy, as evidenced by the Right to be Forgotten, and is positioned to assess painful financial penalties on companies that suffer data breaches due to insufficient security practices.”
“Our in-country strategy provides customers and prospects with an on the ground team of experts who live and breathe the enterprise cloud challenges of the German market,” said Marcus Mueller, Director, CipherCloud Germany. “Cologne puts us in strategic proximity to serve existing customers and other companies that need CipherCloud to business here in Germany. Cloud is a competitive advantage that customers of all sizes are eager to leverage. But in order to move to cloud, businesses must meet the data privacy spirit of the EU-wide Data Protection Directive and the data residency requirements of the BDSG.”
“We re-invested in CipherCloud’s recent Series B because four years after its founding, it continues to hit aggressive growth marks,” said Michael Schäfer, Senior Investment Manager, T-Venture. “This is unsurprising as its security innovations enable customers to protect sensitive information in an era of intensifying cloud use and security hacks of all kinds. Companies like our parent company, Deutsche Telekom, are incorporating CipherCloud into their cloud and security strategies.”
The CipherCloud cloud security platform contains the following essential components:
• Cloud application discovery that provides aggregated reporting and dashboards of cloud applications including understanding employee usage and behavior, whether they are using enterprise approved cloud applications or not, and the level of risk of using them and most importantly putting data into them.
• Cloud data protection that delivers based on corporate policies, industry regulations, or country required compliance laws the maximum level of protection to all sensitive data through a combination of searchable strong encryption, tokenization and malware detection controls.
• Cloud user monitoring that enables the tracking and identification of anomalies that help to reduce the source of risk from both of insider and external threats.
CipherCloud, the leader in cloud visibility and data protection, delivers cloud adoption while ensuring security, compliance and control. CipherCloud’s open platform provides comprehensive cloud application discovery and risk assessment, data protection – searchable strong encryption, tokenization, data loss prevention, key management and malware detection – and extensive user activity and anomaly monitoring services.
CipherCloud has experienced exceptional growth and success with over 3 million of business users, across 11 different industries.
The CipherCloud product portfolio protects popular cloud applications out-of-the-box such as Salesforce, Box, Microsoft Office 365, and ServiceNow.
CipherCloud, named as SC Magazine’s Best Product of the Year, technology is FIPS 140-2 validated and is backed by premier venture capital firms Transamerica Ventures, Andreessen Horowitz, Delta Partners, and T-Venture, the venture capital arm of Deutsche Telekom. For more information, visit www.ciphercloud.com and follow us on Twitter @ciphercloud.
Director of Corporate Communications