SYDNEY & TORONTO--(BUSINESS WIRE)--Businesses and government agencies in Australia and New Zealand are faced with an unacceptable choice when moving their IT to the cloud: protect sensitive data, but sacrifice SaaS application functionality or keep functionality but compromise on data protection and legal compliance. Coretec and PerspecSys have partnered to remove these trade-offs. Together, the companies offer a solution that lets Salesforce.com and other SaaS application customers stay compliant with local data protection laws by keeping sensitive data in Australia or New Zealand while enjoying full cloud application functionality – a combination other cloud security solutions cannot match.
Coretec, a leading Australian cloud/SaaS solutions consultancy, has joined forces with PerspecSys, the global leader in cloud data protection solutions for the enterprise, to integrate PerspecSys’ Cloud Data Protection Gateway with Coretec’s Salesforce.com-based cloud offerings. The combined offering provides a compelling proposition for customers – the leading capabilities of Coretec’s cloud applications together with a true data residency solution that satisfies all applicable regional data sovereignty requirements.
According to international IT advisory firm, Gartner, global SaaS spending is projected to grow to $32.8B in 2016 and global spending on public cloud services is expected to grow from $76.9B in 2010 to $210B in 2016. These figures are propelled in large part by the major value that cloud-based software applications like Salesforce.com deliver. Companies around the globe want to take advantage of the time-savings, increased intelligence and best-in-class functionality that Salesforce and other SaaS applications deliver. However, data protection laws like the Australia Privacy Act, Australian Privacy Act Amendments and New Zealand’s Privacy Act impose strict guidelines on how sensitive data must be treated, especially when crossing international borders. While they protect personal information and company data from theft, the laws can slow cloud adoption.
“In order to help businesses take advantage of the huge benefits of the cloud, we knew we needed to give them the tools to do it securely and within increasingly stringent privacy and residency laws,” said Paul Evans, Director of Business Consulting at Coretec. “We reviewed a lot of solutions and they all had usability and security tradeoffs despite claims that they don’t. PerspecSys is different. They deliver the highest levels of security along with full data control and SaaS application functionality. Together, we’re giving Salesforce.com customers the best of both worlds.”
PerspecSys’ AppProtex Cloud Data Control Gateway gives businesses key residency and privacy capabilities when using Salesforce.com and other leading cloud applications. By intercepting sensitive information before it leaves their environment and replacing it with a random token value before it enters the cloud, the Gateway ensures an organization’s data remains within their full control at all times. PerspecSys does all of this while remaining completely transparent to cloud application users – they have full use of critical capabilities such as Searching, Sorting and Reporting, even on data that has been strongly tokenized or encrypted. PerspecSys is the only gateway offering a tokenization solution – especially useful for data residency requirements - that is fully audited by a 3rd party assessment organization for compliance with industry guidelines. It is also the only solution offering encryption options that have achieved NIST FIPS 140-2 validation for strength of security.
“Organizations in Asia and Europe contemplating cloud adoption quickly find themselves struggling with compliance with regulations requiring data to stay resident within a defined geography,” said David Canellos, CEO of PerspecSys. “What they need is more control. We’re excited to be working with Coretec to give enterprises a solution that removes barriers and re-establishes data control. With Coretec’s Salesforce consulting expertise and our technology, we can help enterprises and government agencies future-proof against shifting regulatory and compliance requirements by giving them a data residency and privacy solution that enables them to enjoy the full benefits of the cloud.”
About Coretec Solutions
Since 2002, Coretec Solutions has provided world class cloud solutions to Industry and Government. Our cloud solutions are delivered via Software as a Service (SaaS) which can be purchased with an option to store all sensitive data and documents within Australian shores. We provide Apps powered by Salesforce for Sales, Contracts, Complaints, Quality Assurance and Procurement best practice. Learn more at http://www.coretec.com.au/.
About PerspecSys
PerspecSys Inc. is a leading provider of cloud data control solutions that enable mission-critical cloud applications to be adopted throughout the enterprise. PerspecSys gives organizations the ability to understand how employees are using cloud applications and then take the steps necessary to protect sensitive information before it leaves the enterprise’s network. By removing the technical, legal and financial risks of placing sensitive data in the cloud, PerspecSys make the public cloud private. Based in Toronto, PerspecSys Inc. is a privately held company backed by investors that include Intel Capital, Paladin Capital and Ascent Venture Partners. For more information please visit www.perspecsys.com or follow us on Twitter @perspecsys.
