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TEL AVIV, ISRAEL -- (Marketwire) -- 08/16/12 -- Porticor®, a leading cloud data security company delivering the only cloud-based data encryption solution that infuses trust into the cloud and keeps cloud data confidential, today announced that it was named the winner of a Bronze Stevie® Award in the Most Innovative Company of the Year in Canada and the USA category in the 9th Annual International Business Awards program.

The International Business Awards (IBAs) are the world's premier business awards program. All individuals and organizations worldwide are eligible to submit nominations -- public and private, for-profit and non-profit, large and small. The 2012 IBAs received entries from more than 50 nations and territories. Nicknamed the Stevies for the Greek word for "crowned," the awards will be presented to winners at a gala awards banquet in Seoul, South Korea, on Oct. 15.

More than 3,200 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories. Porticor was selected as a winner by more than 300 executives worldwide who participated in the judging process this year.

"Entries to the IBAs grew substantially this year," said Michael Gallagher, president and founder of the Stevie Awards. "Despite slow economic conditions in much of the world, the quality of nominations was outstanding, demonstrating that there are many companies that are innovating and growing."

Porticor enables companies of all sizes to safeguard their data, comply with regulatory standards, and streamline operations, while eliminating the need to trust security vendors or virtualization/cloud providers with the most important security element around data in the cloud -- the encryption keys. Its Porticor Virtual Private Data™ (Porticor VPD™) system is the industry's only solution combining data encryption with patented split-key management technology to protect critical data in public, private and hybrid cloud environments. Unlike traditional data encryption solutions, which are complicated and expensive to deploy and manage, Porticor's split-key management system is offered as the industry's first cloud data protection service, delivering true confidentiality of data in the cloud by ensuring customer encryption keys are never exposed.

"The Stevie Awards are the world's premier business awards, and it is gratifying to see all our work and technology inventions around cloud data security recognized by a Most Innovative Company of the Year award," said Gilad Parann-Nissany, Porticor founder and CEO. "Porticor provides patented data encryption and split-key management solutions in a unique manner, an innovation which for the first time enables cloud customers to secure their cloud data without compromising trust."

Details about The International Business Awards and the lists of Stevie Award winners are available at www.StevieAwards.com/IBA.

About the Stevie Awards
Stevie Awards are conferred in four programs: The International Business Awards, The American Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.StevieAwards.com.

About Porticor
Porticor is the leading cloud security company delivering easy-to-use and scalable security solutions for cloud data encryption and key management. The Porticor Virtual Private Data™ (VPD) system is the industry's first solution combining data encryption with patented split-key management to protect critical data in public, private and hybrid cloud environments. Within minutes, customers can encrypt their entire data layer with the proven AES 256-bit encryption algorithm. Using breakthrough split-key encryption technology, and built for homomorphic key encryption, the Porticor VPD is the only system available that offers the ease-of-use of cloud-based key management without sacrificing trust. Porticor is an official Amazon Web Services Solution provider, a VMware Technology Alliance Partner, and supports other clouds, and was the only cloud security semi-finalist in the AWS 2011 Startup Challenge. The company is headquartered in Tel Aviv, Israel, and is venture backed by Glilot Capital. For more information, visit: http://www.porticor.com/.

Porticor®, Porticor Virtual Private Data™, Porticor Virtual Key Management™, PVKM™ and Porticor VPD™ are trademarks of Porticor. Copyright© Porticor 2012. All other products and/or services referenced are trademarks of their respective companies.

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