New York, NY – December  12, 2012 — Vaultive, a provider of cloud data encryption solutions designed to maintain the control, security and compliance of data processed by cloud-based services, today announced the formation of its Advisory Board, which includes notable cloud computing industry luminaries Dave Cullinane, CEO of SecurityStarfish, Jim Reavis, co-founder and executive director of the Cloud Security Alliance, and Dr. Eran Tromer of Tel Aviv University’s School of Computer Science.

Vaultive’s enterprise-class cloud data encryption solutions enable encryption in use, encryption in transit and encryption at rest, while the organization’s IT department retains control of the encryption keys. Vaultive enables data to be searched, sorted, indexed, and otherwise processed in the cloud without ever being decrypted there.  Vaultive protects data from unauthorized access by integrating industry-standard AES-256 encryption into enterprise cloud applications, and lets customers enable and manage additional cloud application functionality using proprietary cryptographic extensions.  These capabilities effectively address the four principal business challenges that organizations face when migrating data to the cloud: data security, regulatory compliance, unauthorized data disclosure and access, and international privacy/ data residency regulations.

Vaultive’s Advisory Board members are amongst the world’s thought leaders on cloud security.  They have been actively involved in educating the market on the need for greater cloud security as well as defining the standards by which it can be adopted.  Dave Cullinane is a globally recognized leader and visionary in the IT security industry.  Cullinane was formerly the chief information security officer (CISO) of eBay, where he was responsible for security programs to protect eBay and its many businesses. Under his leadership, eBay’s security team was named “Security Team of the Year” by SC Magazine in 2010.  Prior to joining eBay, Cullinane was the CISO for one of the largest banks in the United States. Cullinane is also a founding member and chairman of the board of the Cloud Security Alliance and president of the Information Sharing and Analysis Center.

Jim Reavis was recently named as one of the Top 10 cloud computing leaders by SearchCloudComputing.com.  As co-founder and executive director of the Cloud Security Alliance, Reavis leads the most important and influential organization working to define industry best practices for cloud security.  Reavis is also president of Reavis Consulting Group, LLC, where he advises security companies, large enterprises and other organizations on the implications of new trends and how to take advantage of them. He was previously an international board member of the ISSA and served as the association’s executive director. Reavis was also a co-founder of the Alliance for Enterprise Security Risk Management, a partnership between the ISSA, ISACA and ASIS, formed to address the enterprise risk issues associated with the convergence of logical and traditional security.

Dr. Eran Tromer is well known for his expertise in the areas of cryptography, information security, and the challenges raised by imperfect real-world computer systems. His research on side-channel attacks demonstrated information leakage in commercial cloud computing services, efficient cache-based attacks on AES encryption and acoustic attacks on RSA encryption. He actively pursues means of improving security at the levels of networks, algorithms, protocols, operating systems and hardware circuits. He is the co-author of many industry papers and presentations, including “Hey, You, Get Off of My Cloud: Exploring Information Leakage in Third-Party Compute Clouds.” Dr. Tromer’s Ph.D. dissertation at the Weizmann Institute of Science (2007), advised by Prof. Adi Shamir, drastically reduced the projected cost of breaking RSA keys, leading to revision of government standards.  Dr. Tromer has served on numerous program committees and academic panels, as in industry consulting roles.  Prior to joining Tel Aviv University, Dr. Tromer pursued his research at the Massachusetts Institute of Technology and at Microsoft Research.

“When building our Advisory Board, we sought out recognized leaders and visionaries in the cloud data security and encryption industries that could provide strategic council to help Vaultive in the ongoing development of its groundbreaking solutions,” said Maayan Tal, co-founder and CTO of Vaultive. “We are thrilled to have Dave Cullinane, Jim Reavis and Eran Tromer join our Advisory Board. Their collective insights and expertise – developed from decades of industry experience – will be an invaluable asset to Vaultive as we continue to be an innovator in cloud data encryption technologies.”

As members of Vaultive’s Advisory Board, Cullinane, Reavis, and Tromer will join other notable industry luminaries in providing input, ideas and expert advice to the company as Vaultive continues to grow.

“I am excited to be a part of Vaultive’s Advisory Board, having experienced firsthand the challenges and concerns of moving proprietary enterprise data to the cloud,” said Cullinane. “What Vaultive is doing is truly unique in that its smart encryption solution allows organizations to retain complete ownership and exclusive control of data, while still reaping all of the benefits of the cloud.   Deploying it should be a best practice for anyone migrating to the cloud and Vaultive is enabling widespread adoption of cloud computing by organizations that would otherwise be challenged to do so.”

About Vaultive
Vaultive is a provider of cloud data encryption solutions designed to maintain the control, security and compliance of data processed by cloud-based services. Vaultive’s encryption secures data at rest, data in transit and data in use in a format that can be searched, sorted and indexed — while the organization’s IT department retains control of the encryption keys. This addresses the principal business challenges of migrating data to the cloud including data security, regulatory compliance, unauthorized data disclosure and access, and international privacy/ data residency regulations. Optimized for Microsoft® Office 365 Encryption, the Vaultive platform supports best practices for the control and ownership of corporate data in the cloud. Vaultive has raised more than $10 million from leading venture capital firms .406 Ventures, New Science Partners, Harmony Partners and Security Growth Partners.
For more information, visit www.vaultive.com or follow us on Twitter at https://twitter.com/vaultive.

For additional information, contact:
Jill Colna or Jordan Bouclin
SVM Public Relations
401-490-9700
jordan.bouclin@svmpr.com 
jill.colna@svmpr.com