StorMagic Enters Security Market With Introduction of Encryption Key Management Solution
Summary
BRISTOL, England--(BUSINESS WIRE)--StorMagic®, simplifying storage and security from the edge to the core, announced today that it has acquired KeyNexus, an innovator and designer of encryption key management solutions. Jeff MacMillan, KeyNexus founder and CEO, joins StorMagic as CTO and as a member of its board of directors, and is responsible for the company’s overall technology strategy and execution. “StorMagic is broadening its reach from storage at the edge to now include security which solves a major dilemma for our customers,” said Brian Grainger, CRO and board member, StorMagic. To meet demanding enterprise customer needs, SvKMS includes important features like FIPS 140-2 validation, robust cryptographic operators, full key lifecycle management and integrated backup and recovery. “Cybersecurity continues to be the key justification for IT investment and is a top business driver for tech spending according to 40 percent of ESG survey respondents,”** said Doug Cahill, senior analyst, ESG.“StorMagic SvKMS is an efficient and robust centralized key management system for the edge, cloud, and primary datacenter encryption needs of today’s hybrid, multi-cloud environments.” SvKMS is available today from StorMagic’s global network of reseller and technology partners, which now includes KeyNexus’ partners.
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