Venafi Named “Cool Vendor” by Leading Analyst Firm

Venafi, Inc. releases white paper detailing importance of private key management to PCI compliance efforts

Salt Lake City, Utah – April 26, 2010

Venafi, Inc. a leading provider of automated encryption management solutions (including certificate management and enterprise key management products) announced today, its inclusion as a “Cool Vendor” in the Cool Vendors in Data and Infrastructure Protection, 2010 report from Gartner, Inc., published April 14, 2010 by Eric Ouellet et al.

To read the complete report compliments of Venafi visit (html): Click here

“We believe our inclusion in Gartner’s new Cool Vendor report reinforces the need for an enterprise system to automate the management of encryption certificates and keys in order to avoid system downtime and data breaches,” said Trell Rohovit, President and CEO of Venafi, Inc. “Without this management capability in place, we believe we will continue to see high-profile outages occur with increasing frequency and cost.”

“Venafi Encryption Director revolutionizes the way IT professionals think about key and certificate management, and we’re glad to see increased industry awareness around this problem,” Rohovit continued. “It’s nice to have recognition from Gartner, which we believe acknowledges the importance of having reliable systems for maintaining these critical assets.”

Various types of X.509 certificates (e.g., SSL certificates) are used throughout typical IT infrastructures as the de-facto credential to authenticate devices to the network and to other devices. Today, due to increased data protection requirements (government and industry regulations) and security best practices, there has been a surge in certificate inventories, which require regular maintenance. Failure to properly maintain these encryption assets can result in crippling system downtime, data breaches, and non-compliance, costing organizations millions of dollars.

Venafi Encryption Director helps organizations solve the operational challenges that come from large deployments of X.509 certificates, and Venafi solves similar challenges in other encryption systems that rely on symmetric and private keys. Director is a security platform that provides IT automation functions including discovery, monitoring, workflow automation, provisioning, auditing, secure credential storage and others.

About Gartner’s Cool Vendors Selection Process

Gartner’s listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose.

Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn’t do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner’s interest or curiosity in approximately the past six months.

About Venafi

Venafi is the inventor of and market leader in Enterprise Key and Certificate Management (EKCM) solutions. Venafi delivered the first enterprise–class solution to automate the provisioning, discovery, monitoring and management of digital certificates and encryption keys—from the datacenter to the cloud and beyond—built specifically for encryption management interoperability across heterogeneous environments. Venafi products reduce the unquantified and unmanaged risks associated with encryption deployments that result in data breaches, security audit failures and unplanned system outages. Venafi also publishes best practices for effective key and certificate management at www.venafi.com/best-practices. Venafi customers include the world’s most prestigious Global 2000 organizations in financial services, insurance, high tech, telecommunications, aerospace, healthcare and retail. Venafi is backed by top–tier venture capital funds, including Foundation Capital, Pelion Venture Partners and Origin Partners. For more information, visit www.venafi.com.