Press Release

CloudLock Selected as Finalist for MIT Sloan CIO Symposium’s Innovation Showcase 2013

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Cambridge, MA – (April 29, 2013) – The 10th Annual MIT Sloan CIO Symposium has announced CloudLock as one of ten finalists for the 2013 Innovation Showcase as its Collaboration Information Security Suite represents a cutting edge B2B solution that combines strong value and innovation to enterprise IT. CloudLock will receive key exposure to many of the world’s most creative and influential IT executives at the Symposium on May 22, 2013.

After careful consideration, the Innovation Showcase Judges, (consisting of MIT faculty, entrepreneurs, and early-stage investors) chose CloudLock as it:

  • Is a start-up with less than $10 million in 2012 revenue or Series A VC funding
  • Is selling B2B or B2C enterprise IT solutions to CIOs or corporate departments
  • Shows innovation as well as potential impact on the top and bottom lines

“We believe that in 5 years, most organizations will be heavily leveraging and dependant on SaaS applications and business platforms. As a leader in public cloud security, we are very proud of being among the MIT CIO Symposium finalists. This indicates a growing trend in the industry and among CIOs, who are now paying attention to all aspects of cloud security, and is consistent with the traction we see with our customers, including dozens of Fortune 500 enterprises,“ said Gil Zimmermann, CEO and Co-Founder of CloudLock.

CloudLock’s Security-as-a-Service is a suite of information security applications, allowing enterprises to adopt SaaS platforms by applying the appropriate security safeguards in place. Those safeguards are needed to meet data privacy regulations, protect sensitive data stored in messaging and collaboration repositories (e.g IP, PCI, PII ) and protect users’ accounts and identity from being compromised . By deploying CloudLock, enterprises can significantly increase the ROI of their investments in their SaaS strategy.

“We are pleased to award these top ten Innovation Showcase finalists, as their technologies represent cutting edge solutions with strategic value,” said David L. Verrill, Executive Director of the MIT Center for Digital Business, and the Co-chair of the Innovation Showcase. “The Symposium provides these early-stage companies a foundation to demonstrate their solutions that are architecting the future of technology and creates an environment for valuable partnership opportunities.”

For a full list of Innovation Showcase finalists visit http://www.mitcio.com/innovation.

The Innovation Showcase will take place at 5:00PM in the Kresge courtyard tent on Wednesday, May 22, 2013, at MIT, in Cambridge, MA. The full agenda of the MIT Sloan CIO Symposium is available at www.mitcio.com/agenda.

 

About the MIT Sloan CIO Symposium

The MIT Sloan CIO Symposium is the premier global event for CIOs and senior IT executives to become better business leaders. In one day, CIOs and senior IT executives receive actionable information that enables them to meet the challenges of today’s changing global economy. The annual event offers a day of interactive learning and thought-provoking discourse on the future of technology, best practices, and business that is not available anywhere else. The MIT Sloan CIO Symposium is organized and developed by a team from the MIT Sloan Alumni Club of Boston and the MIT Center for Digital Business. Visit www.mitcio.com for more information and registration.

To stay connected to the community developing around the Symposium, please join The Global CIO & Executive IT Group (An MIT Sloan CIO Group), which can be found on Linkedin.com: http://www.linkedin.com/groupInvitation?groupID=1719457. Follow Symposium updates on Twitter: http://twitter.com/mitciosymposium.

About CloudLock

CloudLock is the cloud-native CASB and Cloud Cybersecurity Platform that helps organizations securely leverage cloud apps they buy and build. CloudLock delivers security visibility and control for SaaS, IaaS, PaaS and IDaaS environments across the entire enterprise in seconds. Founded by Israeli Elite Cybersecurity Military Intelligence experts, the company delivers actionable cybersecurity intelligence through its data scientist-led CyberLab and crowdsourced security analytics across billions of data points daily. CloudLock has been recognized by Inc. Magazine as the fastest growing security product company in the U.S. and by Glassdoor as one of the top 3 best places to work in the U.S. Learn more at www.cloudlock.com.

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