The 9th Annual MIT Sloan CIO Symposium today announced Gazzang as one of ten vendors chosen for the 2012 Innovation Showcase. In selecting Gazzang for the prestigious event, judges noted that the company’s cloud-based Encryption Platform for Big Data represents a cutting edge B2B solution that combines strong value and innovation and has the potential to impact both the top and bottom lines.
“Despite all the hype, big data is still in the early stages and is a market ripe for innovation. As the volume of data continues to grow, organizations are now turning their heads towards big data security and looking for solutions that can protect the massive amounts of sensitive information being generated, while maintaining a high level of availability,” said Larry Warnock, president and CEO of Gazzang. “We are honored to be selected as an MIT Sloan CIO Symposium Innovation Showcase finalist and look forward to sharing our strategy and solutions with industry thought leaders at the event.”
The Gazzang Encryption Platform for Big Data works as a last line of defense for protecting data within Hadoop, Cassandra and MongoDB, non-relational, distributed and horizontally scalable data stores that have become common management tools for big data initiatives. These data stores are known for their ability to process petabytes of data in real time, but they lack many of the built-in security controls associated with traditional database solutions. The Encryption Platform transparently encrypts and secures data “on the fly,” whether in the cloud or on premises and includes advanced key management that meets compliance regulations and allows users to store their cryptographic keys separate from the encrypted data.
“We are very impressed with these top ten Innovation Showcase finalists, as their technologies demonstrate incredible state of the art thinking applied toward today’s and tomorrow’s challenges,” said David L. Verrill, Executive Director of the MIT Center for Digital Business, and the Co-chair of the Innovation Showcase. “The Innovation Showcase provides a terrific one-of-a-kind opportunity for these start ups to gain a larger visibility in front of IT executives, key stakeholders, and venture capitalists.”