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TMCNet:  CloudLock Grows By More Than 130 Percent and Secures Funding in the First Quarter of 2014

[May 14, 2014]

CloudLock Grows By More Than 130 Percent and Secures Funding in the First Quarter of 2014

(Marketwire Via Acquire Media NewsEdge) WALTHAM, MA -- (Marketwired) -- 05/14/14 -- CloudLock, the leading cloud information security provider, today reported the company grew its revenue in the first quarter of 2014 by more than 130 percent compared to the first quarter of 2013. The first quarter represented CloudLock's 11th consecutive quarter of record revenue. Additionally, the company expanded its solution portfolio with new cloud data security solutions for Salesforce and Google+, and secured a Series C funding in the first quarter. This is fresh on the heels of a record 2013, when CloudLock experienced yet another consecutive year of meteoric growth in helping organizations overcome their security obstacles to cloud adoption.

Technology InnovationCloudLock recently introduced significant innovations across its cloud security suite to improve organizations' ability to detect, classify and control the security of their private cloud applications.

Launch of CloudLock Selective EncryptionAt the annual RSA Conference in February 2014, CloudLock announced the launch of CloudLock Selective Encryption, the world's first purely cloud-based, content-aware, intelligent AES 256-bit encryption solution. This latest security innovation by the CloudLock team enables enterprises to protect their sensitive data stored across multiple SaaS and public cloud platforms such as Salesforce and Google Apps. CloudLock Selective Encryption is the latest advancement in CloudLock's suite of content-aware compliance and security offerings, which have been adopted by hundreds of enterprises and are protecting millions of its customers' end-users. Launch of CloudLock Security for Google+ In front of hundreds of peers and partners at the Google Partner Summit 2014 in March, the company announced CloudLock Compliance for Google+, the industry's first and only PCI/PII compliance solution for the business transforming social network. CloudLock's Google+ auditing solution extends CloudLock's robust security suite by providing customers with the visibility and control they need to implement their social network usage and compliance policies (such as PII, PCI, HIPAA, SOX, more). CloudLock's compliance solution for Google Drive was an industry first, and more than two years and billions of object scans later, remains the only pure-cloud solution to enforcing complex compliance requirements on cloud data at an infinite scale and without disruption. Launch of CloudLock for Salesforce In April 2014, CloudLock announced the general availability for CloudLock for Salesforce. The solution allows enterprises to enforce their data security policies and address regulatory compliance, encryption, and operational security needs without requiring invasive in-band network blocking, reverse proxy, or gateway appliances. CloudLock for Salesforce provides a complete Salesforce, Salesforce Files, and Chatter auditing and compliance solution.New FundingIn January 2014, CloudLock announced it raised $16.5 million in a Series C funding round from new investor Bessemer Venture Partners, and participation of existing investors Cedar Fund and Ascent Venture Partners. CloudLock is leveraging this Series C funding to expand in new markets, invest in existing and expanded product lines, and substantially grow its operations in the U.S., Europe, and Israel.

Key HiresIn January 2014, CloudLock added seasoned sales executive Jim Clemens to its leadership team. Clemens brings more than 20 years of leadership experience to the organization and will continue to drive sales and adoption of CloudLock's revolutionary technology around the globe. Prior to CloudLock, Clemens served as vice president of sales for Bit9, providing customers with advanced protection from malware and APT threats. Earlier in his career, Clemens served as vice president of sales for Frictionless Commerce through its acquisition by SAP, and was vice president of direct sales for Macromedia, building the Breeze collaboration business. He spent 10 years at Silicon Graphics, where he held sales leadership positions including vice president of Eastern sales during the company's growth into a multi-billion dollar business.

In April 2014, marketing executive Bernd Leger also joined CloudLock. Leger brings nearly 20 years of leadership experience and an accomplished track record in rapidly scaling and positioning early-stage organizations for success. As Vice President of Marketing, Leger will be instrumental in increasing CloudLock's presence in the market and helping to further accelerate the company's leadership position. Most recently, Leger was vice president at mobile analytics and marketing provider Localytics, and helped the company triple both revenue and the number of employees within 18 months. Leger also brings extensive security expertise to the company, as he worked at Rapid7 and Veracode prior to CloudLock. During his tenure, Rapid7 grew 900 percent in revenue and was recognized as a market leader by both Gartner and Forrester Research.

In May 2014, Paul Novak joined CloudLock as vice president of SaaS operations and support. Novak has more than 18 years of experience leading technology operations teams, and a proven track record of delivering availability, performance, support responsiveness and compliance operations to a set of global SaaS customers. Before joining CloudLock, Novak was vice president of SaaS operations and support at Axeda, a leading cloud platform provider of solutions for connected products and M2M applications. He was responsible for Axeda's operations, support and compliance for a 7x24 IoT platform service. Novak has also held operations leadership roles in fast growing SaaS companies like PowerSteering Software (acquired by Upland Software), a cloud PPM solution provider, Egenera, a world-wide data center management software and cloud service provider, and Digex, an application service provider (acquired by MCI).

"With CloudLock, it's all about people-centric security. We are constantly innovating and developing ways for our customers to enforce their own security, governance, and compliance requirements on their data and users in the cloud, but without causing any disruption to the experience, as that's one of the main reasons users turn to the cloud in the first place," said Gil Zimmermann, co-founder and CEO, CloudLock. "For the CloudLock team, Q1 has already been an incredible quarter and we're just getting started. The new funding will enable us to do great things and continue to bring the first, and best, cloud security solutions to the enterprise." For additional information on how the public cloud works, such as Google Apps and Salesforce, check out this three-minute video: http://www.cloudlock.com/blog/cloud-data-security-fast-draw-video/ About CloudLockCloudLock is the cloud data security company. Its information security applications enable organizations to enforce regulatory, operational, and security compliance in public cloud platforms. The largest organizations in the world trust CloudLock to secure their data in the cloud, increase collaboration, and reduce their risk. For more information about the company or reseller opportunities visit www.cloudlock.com or follow CloudLock on Twitter @CloudLock.

CloudLock, CloudLock Selective Encryption, CloudLock Security for Google+ and CloudLock for Salesforce are proprietary trademarks of CloudLock, Inc. All other products or names may be trademarks of their respective companies.

Source: CloudLock

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