Vormetric Expands Operations in S. Korea

  Vormetric Expands Operations in S. Korea

  Leading Data Security Vendor Opening Seoul Office and Appoints IT Industry
                    Veteran to Drive S. Korean Operations

Business Wire

SEOUL, South Korea -- October 31, 2012

Vormetric, Inc., the leader in enterprise encryption and key management, today
announced that it is expanding operations in South Korea to meet growing
demand for its data security products. The company also appointed Moon Hyung
Lee to be Country Manager for Vormetric’s expansion in South Korea.

Click to Tweet: @Vormetric opens first office in #seoul #southkorea
http://bit.ly/KgtDYZ

As South Korea implements the South Korean Personal Information Protection
Act, organizations are being forced to reevaluate and bolster their protection
strategies especially around encryption to secure sensitive data.

Founded in 2001, Vormetric offers advanced data security solutions based on
its transparent data encryption and key management technology.
Security-sensitive organizations, governments and major enterprises worldwide
including 16 of the Fortune 25 companies have deployed Vormetric Data Security
to encrypt files, databases, and applications anywhere they reside without
sacrificing application performance and avoiding key management complexity.

“Since we are seeing very strong demand in South Korea and have a significant
base of existing customers here already, we decided to open our first Asian
branch office in Korea. This is the first phase of our expansion into this
region,” said Bruce Johnson, VP of Worldwide Sales & Service Operations for
Vormetric.

“We are pleased to work with Moon Hyung Lee. He has the experience and
relationships to help Vormetric build out its presence in South Korea,” he
added.

Lee will lead Vormetric’s business expansion in Korea. He will strengthen
relationships with existing customers and distributors, and recruit new
partners to support rapidly growing customer demand for Vormetric products.
Lee has 19 years of IT industry experience. Prior to joining Vormetric, Lee
worked for global IT leaders including VMWare, BEA Systems and Oracle in
channel, alliance management and sales roles.

"Vormetric’s enterprise encryption solutions are currently deployed by over
900 customers of all sizes globally including leading Korean companies such as
Asiana Airline, LGU+, KB Financial Group, Daekyo, DONG-A University, Korea
MARITIME University, Korea NAZARENE University and ULSAN University Hospital,”
said Moon Hyung Lee. “The company has already made significant inroads in the
financial, communication and enterprise sectors with two established
distributors, Dongbu CNI and Invant AP. We plan to grow our sales and support
capabilities to meet pent up demand across Korea.”

About Vormetric

Vormetric (@Vormetric) is the leader in enterprise encryption. The Vormetric
Data Security product line provides a single, manageable and scalable solution
to manage any key and encrypt any file, any database, any application,
anywhere it resides— without sacrificing application performance and avoiding
key management complexity. Some of the largest and most security conscious
organizations and government agencies in the world, including 16 of the
Fortune 25, have standardized on Vormetric to provide strong, easily
manageable data security. Vormetric technology has previously been selected by
IBM as the database encryption solution for DB2 and Informix on Linux^TM,
Unix® and Windows; and by Symantec to provide the Symantec Veritas
NetBackup^TM Media Server Encryption Option. For more information, visit
www.vormetric.com.

Vormetric is a trademark of Vormetric, Inc. All other names mentioned are
trademarks, registered trademarks or service marks of their respective owners.

Contact:

South Korea
M&K PR
Mina Jeong, +82 2 566-8898
itpr@mincomm.com
or
North America
Marc Gendron PR
Marc Gendron, +1-781-237-0341
marc@mgpr.net
or
UK/EMEA
Johnson King
Jonathan Mathias / Kasia Murphy
+44 (0)20 7401 7968
VormetricTeam@johnsonking.co.uk
 
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