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HyTrust Announces New Funding & Strategic Partnership With In-Q-Tel

Jul 15, 2013, Press Releases

Strategic investment and technology development agreement extends reach to secure cloud infrastructures and virtualized data for federal and intelligence sectors

MOUNTAIN VIEW, Calif., Jul 15, 2013 (BUSINESS WIRE) -- The Cloud Security Automation Company, HyTrust Inc., today announced a strategic investment and technology development agreement with In-Q-Tel (IQT), an independent, non-profit strategic investor that identifies, adapts and delivers innovative technology solutions to support the mission of the U.S. Intelligence Community. The partnership is designed to help secure virtualized and cloud infrastructures by fueling development and enabling the expansion of support operations to meet enterprise demand, while broadening HyTrust's reach into the federal sector.

"Our partnership with HyTrust will accelerate and enhance the company's technology relating to the control, management and compliance of virtual datacenter environments," said Robert Ames, Senior Vice President in charge of IQT's Information and Communication Technologies Practice. "The assurance of critical infrastructure and data assets is paramount, and we believe that the HyTrust solution has the potential to greatly benefit our government customers."

"As powerful administrative access to virtual infrastructure and the cloud increasingly become available to a broader range of IT personnel, comprehensive controls at this administrative layer become critical to information-reliant, and global strategy-focused organizations such as federal government agencies. More than any other solution on the market today, HyTrust can help deliver audit, enforcement, and policy controls to the administrative layer, including Secondary Approval to enforce the 'two man rule' on key transactions," said HyTrust President and Co-Founder, Eric Chiu. "Furthermore, the HyTrust solution delivers cloud control, visibility and operational readiness for mission critical workloads being run by Fortune 500 customers and other large organizations worldwide. HyTrust effectively links a diverse partner ecosystem that consists of the key players in virtualization, security, systems management, logging, risk and compliance, among others. This funding and strategic relationship with IQT enables us to deliver the right features at scale to address market opportunity and demand, while focusing on the unique requirements of multiple government agency partners."

HyTrust solutions are used by organizations around the world to enable faster cloud adoption and securely virtualize all workloads. HyTrust mitigates the concentration of risk that virtualization introduces, and the potential for catastrophic failure, while enabling comprehensive best practices and auditability. By ensuring that policies are automated, applied correctly and enforced, HyTrust helps organizations reap the benefits of a virtualized infrastructure--lower costs, greater operational efficiencies, agility and flexibility--while minimizing risk.

The gold standard for cloud and virtualization security, HyTrust means control, management, compliance and visibility for cloud environments and the new computing layer they introduce. In effect, HyTrust enables greater efficiency, allows organizations to build clouds safely and virtualize more assets, and increases the ROI while satisfying the demands of internal security teams, compliance auditors, and virtualization and cloud operations. This is especially critical given that along with the quantifiable benefits, virtualization and cloud infrastructure also introduces a serious issue: concentration of risk.

"We're privileged to join the In-Q-Tel portfolio and look forward to expanding our relationship with IQT and its government partners," said Chiu. "We're proud to have a built a track of engagements with numerous federal and state agencies. With this new agreement, we look forward to working with IQT to help secure the assets of its government customers."

About IQT

In-Q-Tel is the not-for-profit, strategic investment firm that works to identify, adapt, and deliver innovative technology solutions to support the missions of the U.S. Intelligence Community. Launched in 1999 as a private, independent organization, IQT's mission is to identify and partner with companies developing cutting-edge technologies that serve the national security interests of the United States. For more information, visit www.iqt.org.

About HyTrust (www.hytrust.com) CLOUD UNDER CONTROL(TM)

Headquartered in Mountain View, CA, HyTrust(R), is the Cloud Security Automation (CSA) company. HyTrust delivers the essential real-time control, security, administrative account monitoring, logging and compliance assurance necessary to enable the benefits of cloud adoption and virtualization of critical workloads. The Company is backed by top tier investors VMware, Granite Ventures, Cisco Systems, Trident Capital, and Epic Ventures; its partners include VMware; VCE; Symantec; CA; McAfee; Splunk; HP Arcsight; Accuvant; RSA and Intel Corporation.

HyTrust; HyTrust, Inc.; HyTrust Appliance; HyTrust Appliance Community Edition; HyTrust Cloud Control; "Virtualization Under Control"; "Cloud Under Control" and "Virtualization & Cloud Under Control" are all trademarks of HyTrust, Inc.

All other names and trademarks are property of their respective firms.

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20130715005270r1&sid=cmt...

SOURCE: HyTrust

http://www.marketwatch.com/story/hytrust-announces-new-funding-strategic-partnership-with-in-q-tel-2013-07-15

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