HAWTHORNE, NJ, NOVEMBER 4th, 2013 – , Stealthbits Technologies a leading developer of Data and Access Governance, congratulates competitor Varonis Systems on the company’s pending IPO, after their Form S-1 filing with the U.S. Security and Exchange Commission on October 22, 2013. As indicated in the filing, a study performed by the International Data Corporation (IDC) estimated the markets Varonis is aligned to (including Business Intelligence and Analytics and Identity and Access Management) represents a total aggregate spend of approximately $45 billion, based upon 2012 figures – a substantial chunk of a large security solutions market. Varonis Systems, as well as competitors like Stealthbits Technologies and Dell Software (although Symantec Corporation was listed as the lone competitor in the S-1 filing) specialize in and have been promoting the importance of governance over Unstructured Data repositories for years. With data breach events on the rise and in the wake of high-profile breaches like the NSA, the need for governance over access to corporate data, particularly within less secure, difficult to manage data repositories like File Systems and popular collaboration technologies like SharePoint, has never been greater.
“We were a little disappointed and puzzled that they failed to mention us, as well as other direct competitors and alternatives to Varonis in the filing.” said Steve Cochran, founder and CEO of Stealthbits Technologies. “However, we’re excited about the awareness the IPO is bringing to the problems around unstructured data and the considerable security threat organizations face daily in trying to control the chaos. Analyst firms figure over 80% of the data within corporations is unstructured, and we can tell you from experience it’s the absolute hardest to understand and manage. The File System is the ‘Wild West’ in most companies today. The access model is broken, the scale is monumental, and the threats are largely unknown.”
The problems are plentiful for organizations looking to clean-up and simplify access to unstructured data, ranging from highly complex IT infrastructures to pure accumulation of data, aging technologies, heterogeneous security models, and more. In the short-term, businesses desiring to mitigate their risk and security threat surface with concern to unstructured data should be looking to Varonis competitors and alternatives like Stealthbits for affordable, scalable, and pragmatic technologies and solutions. Informed buyers will know that addressing and controlling access to unstructured data is not only difficult and will come with a fair degree of challenge, but something that is unique to every organization – so one size won’t fit all.
For more information on Governing Access to Unstructured Data, visit www.Stealthbits.com.
About Stealthbits Technologies
Identify threats. Secure data. Reduce risk.
Stealthbits Technologies enables ‘Control through Visibility’ offering the industry’s most comprehensive platform for the management and security of Unstructured Data. Stealthbits’ solutions bridge the gap between Active Directory and Unstructured Data repositories, providing a previously unavailable view of how access is being granted and who has access to critical unstructured data resources like File Systems and SharePoint.
With this enhanced visibility, organizations of any size can efficiently and confidently:
- Identify, Isolate, and Remediate Open Access Risks
- Address high-visibility projects and initiatives like Identity & Access Management, and Active Directory Clean-up and Unification
- Fulfill Audit & Compliance requirements across multiple standards
- Obtain complete visibility into where and how access has been granted
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