June 7, 2012 - Business Wire Press Release
Gazzang today announced another SaaS market win with anfesito, a German startup billed as the “Mint.com of Europe”. The company has selected Gazzang zNcrypt™ to secure customer data associated with anfesito’s cloud-based financial services application, becoming the latest SaaS provider to deploy data encryption and key management solutions from Gazzang.
SaaS providers need data encryption solutions that are comprehensive yet straightforward and efficient to deploy and manage. These solutions must assure customer confidence without interfering with SaaS availability, functionality or performance.
Transparent data encryption from Gazzang zNcrypt integrates with a wide range of applications and systems often found in SaaS environments, including numerous big data architectures. Transparency is enabled through process-based access control lists that allow applications to communicate with data without interference from encryption processes. This protection can be extended to virtually any data stored in a Gazzang-protected environment, from files, directories and databases, to sensitive configuration, script or code files.
After an extensive competitive review, anfesito selected Gazzang zNcrypt to provide data encryption and advanced key management that met the security demands of its SaaS-based financial services application. A key advantage was the ability to host anfesito’s encryption keys away from sensitive user data and provide reliable key retrieval and availability with minimal performance impact. The company’s solution currently integrates with more than 3,500 financial institutions representing more than 80 percent of the country’s banks, and 25+ million users.
“It’s important that our customers know the encryption keys for their sensitive data are stored right here in Germany as opposed to in the U.S.,” said Thomas Rappold, CEO of anfesito. “With Gazzang’s key management system, we can choose whether our keys are stored in the cloud or on premises. As a result, we chose to make sure our customers’ valuable encryption keys could not be subject to subpoena by the US government.”
Looking ahead, Rappold plans to scale anfesito beyond Germany to other EU countries using Gazzang zNcrypt to help protect its customers’ sensitive financial data.
“SaaS providers are focused on delivering high value, high volume solutions that increase business efficiency without exposing customers to greater security risks,” said Larry Warnock, CEO of Gazzang. “Gazzang zNcrypt is purpose-built to integrate seamlessly with SaaS environments, so providers can deliver the benefits of enhanced data security without needless cost or downtime. This is the right solution for a company like anfesito, that places such a high value on data security and customer trust.”
Gazzang provides data security solutions and operational diagnostics that help enterprises protect sensitive information and maintain performance in cloud environments. Gazzang is headquartered in Austin, Texas and backed by Austin Ventures and Silver Creek Ventures. For more information, visit www.gazzang.com.
anfesito.com offers German consumers a free, cloud-based service to access financial information online and via mobile devices. anfesito aggregates all bank accounts together, automatically categorizes transactions and lets set budgets.