Companies that offer security solutions can get to market faster by leveraging technology from SafeLogic, the company’s CEO Ray Potter told me in an interview last week at TMC (News - Alert) Editor’s Day Silicon Valley.
SafeLogic creates encryption modules for servers, mobile operating systems, and other IT environments. These modules are designed for compliance with things like the Health Insurance Portability and Accountability Act of 1996 (HIPPA), the Sarbanes-Oxley Act of 2002 (SOX), and the Federal Information Processing Standard Publication 140-2.
As Walter Paley, SafeLogic’s director of marketing, wrote in a recent blog: “As a technology vendor, you need to enter production faster. Getting bogged down in the FIPS 140-2 process is a fools’ errand, but we definitely have it figured it out. Build your product, add CryptoComply, move fast, beat your competitors, and win market share.”
SafeLogic modules are in use today by such companies as Intel (News - Alert) Security, Juniper Networks, and Symantec Corp. So if Symantec needs to reach the federal government with a solution, Potter said, SafeLogic can help it do that in as little as eight weeks. And SafeLogic keeps its solutions updated with the latest operating systems and compliance requirements, Potter added.
Potter and Wes Higaki started SafeLogic three years ago. The company is a spinoff of Apex (News - Alert) Assurance Group, which Potter also founded and for which he grew top-line revenue at 47 percent CAGR with a 75 percent net profit margin. Apex Assurance Group provided seed funding for SafeLogic.
The open source movement, OpenSSL, and RSA (News - Alert) are SafeLogic’s biggest competitors, according to Potter, which aims to expand his company’s horizons by delivering encryption for the Internet of Things. At the moment, Potter said, SafeLogic is deciding what verticals to focus on first with its IoT strategy, which will probably initially involve enterprise-level solutions.