StratoKey Featured in “On the Radar” Report From Leading Global Analyst Firm Ovum

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Recognition Comes as Company Achieves 700-Percent Revenue Growth and Doubles Customer Base Over the Last Year

StratoKey today announced it has been recognized by leading global analyst firm Ovum in an “On the Radar” report, a series of research notes about vendors bringing innovative ideas, products, or business models to their markets. StratoKey was recognized for its cloud access security broker (CASB) technology that secures cloud and SaaS applications against data breaches. Ovum’s recognition of StratoKey comes as the company continues to build momentum, achieving record customer and revenue growth over the past year.

“It is a great honor to be recognized by Ovum as we continue to set the standard for companies looking to conduct secure and compliant business in the cloud,” said Anthony Scotney, CEO, StratoKey. “This recognition is testament to the ongoing efforts to evolve our CASB technology and provide businesses with unmatched protection, allowing them to work freely in the cloud without putting sensitive data at risk.”

In its “On the Radar” report, Ovum summarizes the need for StratoKey’s technology as enterprises users are “increasingly turning to SaaS applications to do their jobs.” According to Ovum, “The breadth of StratoKey's CASB offering, which includes encryption, analytics, and countermeasures capabilities alongside the more common monitoring capability, makes it worthy of consideration by any company that seeks to gain visibility into and control over its employees' use of cloud-based SaaS applications. Its suffix proxy deployment mode is of particular interest, in that it can work in bring-your-own-device (BYOD) environments.”

StratoKey’s recognition in Ovum’s “On the Radar” report comes as the company continues to build momentum in 2016:

  • Over the last quarter, StratoKey has doubled its customer base across several industries including healthcare, financial services, education, and high-tech.
  • Over the past year, StratoKey has achieved 700-percent revenue growth as it has expanded operations from Australia into North America.
  • StratoKey was ranked #71 in the Cybersecurity 500 and was the only Australian company to be named in the top 100 hottest cybersecurity companies worldwide.
  • StratoKey has announced a Partner Program for technology solution providers, system integrators and value-added resellers, allowing authorized partners to license and integrate StratoKey into enterprise cloud environments.

StratoKey has emerged as a leader in data breach prevention and cloud encryption software. The company’s complete cloud data protection solution provides security teams with the tools they need to ensure their organization’s most sensitive information is safe from the daily threat of data breaches. For more information on StratoKey, visit http://www.stratokey.com

About StratoKey
Established in 2012, StratoKey’s intelligent cloud data protection secures cloud and SaaS applications against data breaches, enabling organizations to conduct secure and compliant business in the cloud, knowing that sensitive data is protected. Through the use of best-in-class encryption, paired with behavioral analytics and a formidable set of automated defensive countermeasures, StratoKey combines multiple distinct mechanisms to provide data breach protection.

StratoKey is application agnostic and transparent to users, providing organizations with one complete security solution for all their cloud and SaaS apps. StratoKey provides employees with the freedom to use the best cloud and SaaS applications whilst giving organizations peace of mind that their data is protected in the unlikely event of a data breach. For more information, please visit http://www.stratokey.com and follow StratoKey on Twitter @StratoKey.

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Arlene Go
StratoKey
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