Fortanix Posts Another Year of Growth with Sales 275% Prior Year, New Partnerships and Global Expansion

Fortanix® Inc., the data-first multicloud security™ company, today announced another outstanding year for its fiscal year ending January 31, 2021. New sales for 2020 were 275% of the record results from 2019, despite the global economic challenges presented by the pandemic. The company grew its workforce around the world to address increased global demand for its innovative data security solutions, particularly solutions for multicloud environments, including significant additions to its leadership team.

“No one could have predicted the challenges our customers and the world would face in 2020. I’m grateful to have results that are such a true endorsement of our groundbreaking innovation, hard work, and customer focus,” said Ambuj Kumar, CEO, Fortanix. “We’re proud that our technology is at the forefront of innovation for financial services, healthcare, and government, and look forward to helping organizations of all sizes protect their data as it increasingly migrates to cloud and hybrid models.”

Leadership Expansion Supports Growing Global Demand

Fortanix expanded operations and its leadership team in response to this growing global demand. In June 2020, Fortanix expanded its operations in the Asia Pacific region, including a new office in Singapore, and named Gerry Sillars Vice President, Asia Pacific and Japan. Gerry previously led the Asia Pacific and Japan region for Skybox Security and Alcatel Lucent, following many years of success at CommVault. Nick Oberhuber also joined the company as Vice President, Americas Sales, in November 2020 to lead the rapidly growing Americas sales organization. Nick previously led global sales at Corelight, following sales leadership roles at Cohesity and Actifio. In December 2020, Bahman Sohrabi joined as Vice President, Customer Success, to support the growing roster of global enterprise tcustomers. Bahman joined from Cisco and has held similar roles with Viptella and Juniper Networks. Finally, Eduard Meelhuysen joined Fortanix in January 2021 as Vice President, EMEA Sales. Eduard previously established European sales teams for Bitglass, Netskope, and Aerohive Networks, and will do the same for Fortanix.

New and Expanding Strategic Partnerships

In September 2020, Fortanix announced a new partnership with VMware to integrate Fortanix Self-Defending Key Management Service (KMS) with VMware Cloud Director™, allowing VMware cloud partners to deliver a variety of data security services focused on improved data security throughout its lifecycle. The partnership allows cloud users to quickly and easily enable multi-cloud key management as a service (KMaaS), as well as virtual machine and storage encryption.

The company also collaborated with UC San Francisco’s Center for Digital Health Innovation (CDHI), Intel and Microsoft Azure to establish a confidential computing platform with privacy-preserving analytics to accelerate the development and validation of clinical algorithms. Specifically, the collaboration leverages the confidential computing capabilities of Fortanix Confidential Computing Enclave Manager, Intel’s Software Guard Extensions (SGX) hardware-based security capabilities, Microsoft Azure’s confidential computing infrastructure, and UCSF’s BeeKeeperAI privacy preserving analytics to calibrate a proven clinical algorithm against a simulated data set. Confidential Computing is rapidly emerging as the “next frontier” of data security.

Additionally, Fortanix partnered with F5 to deliver cloud-scale hardware security module (HSM) and advanced key management service (KMS) capabilities for BIG-IP® and NGINX® customers. Under this partnership, F5 customers have access to a single integrated HSM and KMS platform across BIG-IP or NGINX deployment architectures, supporting secure cryptographic operations, optimal performance, and the flexibility to execute cryptographic operations across on-premises, hybrid cloud and public cloud deployments.

Fortanix and Equinix also continued their partnership to deliver SmartKey, a comprehensive SaaS delivered solution for data security. SmartKey saw growing demand from “cloud-first” customers seeking to maximize data security while minimizing ongoing operational overhead.

New Offerings for Fortanix Data Security Manager

Fortanix announced a number of new products and capabilities in 2020 as additions to Fortanix Data Security Manager, including the availability of Fortanix HSM Gateway™. The solution integrates cloud applications and databases with legacy on-premises Hardware Security Modules (HSMs) to provide data security optimized for on-premises, public cloud and hybrid cloud environments.

The company also released Fortanix Cloud Data Control, which helps businesses secure private data as they migrate to the public cloud. Available for use across AWS, Google Cloud, and Microsoft Azure, the solution applies consistent encryption key management policies across multiple cloud providers, tenants, and regions while enabling keys from any cloud or on-premises Hardware Security Module (HSM) to encrypt data anywhere. The innovative product is the first to enable hybrid applications handling sensitive data to perform cryptographic operations across multiple clouds and on-premises data centers from a single point of control.

Finally, Fortanix announced the availability of the Fortanix Key Management Service on Microsoft Azure, giving customers a world-class data protection option in the public cloud. The cloud-native data security platform includes cryptographic services, shared secrets and tokenization across cloud and on-premises environments from a single centralized point of management, control and audit.

About Fortanix

Fortanix® is a data-first multicloud security company with its mission to solve cloud security and privacy. Data is the most precious digital asset of businesses, but this data is spread across clouds, SaaS, applications, and storage systems. Security teams struggle to track, much less secure it. Fortanix empowers customers to secure all this data with a centralized solution. Its pioneering Confidential Computing technology means data remains protected at-rest, in-motion, and in-use, keeping it secure from even the most sophisticated attacks. For more information, see https://fortanix.com/.