Protegrity today announced a partnership with incentive compensation vendor Xactly that allows Xactly customers to benefit from Protegrity’s suite of cloud security products and services. Protegrity’s Cloud Gateway uses tokenization or encryption to protect customer data before it traverses a SaaS, cloud-based infrastructure. The Protegrity solution bolsters the security of SaaS applications by delivering enhanced data protection based on encryption, tokenization and cloud monitoring functionality. The solution also features an enterprise-grade key management solution that provides a comprehensive and automated approach to storing encryption keys while ensuring that the key tokens reside outside the purview of the cloud within a safe but readily accessible location. Today’s announcement means that Protegrity adds Gartner leader in the 2015 Magic Quadrant for Sales Performance Management, Xactly, to a list of supported SaaS platforms that includes Box and Salesforce. Meanwhile, Xactly stands to benefit from giving its customers the assurance that its platform for delivering HR-based incentive compensation frameworks complies with rigorous and battle-tested standards for cloud security. The larger significance of the Protegrity Cloud Gateway consists in its ability to empower organizations with sensitive data to build SaaS applications that can achieve compliance with protocols such as HIPAA and HITECH, PCI and others. The partnership between Protegrity and Xactly illustrates the intensity of the desire for cloud security solutions on one hand, and the corresponding market response from vendors such as Protegrity to deliver turnkey cloud security products that deliver the requisite security needs in conjunction with the operational simplicity and scalability demanded by contemporary enterprise customers. Expect Protegrity to continue expanding its roster of SaaS partnerships as SaaS applications that utilize sensitive data proliferate and require correspondingly robust cloud security frameworks.
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