Coretec Partners with PerspecSys to Provide Australia’s First Managed Cloud Data Residency Service

MELBOURNE, Australia & TORONTO--()--For many businesses and government agencies in Australia and New Zealand, the barriers to cloud computing adoption are actually increasing. While security is still paramount, data privacy and residency (i.e., control over where sensitive data and documents reside) are key concerns, especially in light of strict new laws and regulations. Coretec Solutions, a leading Australian Salesforce solutions consultancy, and PerspecSys, the global leader in cloud data protection solutions for the enterprise, have partnered to create a solution to address these issues: the Secure Local Data Residency as a Service (Secure LDRaaS).

Secure LDRaaS is a first-of-its-kind managed service for the region offering local data residency for sensitive data and documents. With Secure LDRaaS, sensitive data or documents are never sent or stored outside of an organization’s local jurisdiction, ensuring complete data control and compliance with applicable data privacy and residency laws.

Secure LDRaaS is powered by PerspecSys’ AppProtex Cloud Data Control Gateway, which intercepts sensitive data and documents before they leave the organization’s jurisdiction and replaces them with a random token value (which cannot be mathematically or algorithmically deciphered) for processing and storage in offshore cloud environments like Salesforce. The Gateway remains completely transparent to Salesforce application users – they have full use of critical capabilities such as Searching, Sorting and Reporting, even on data that has been stored locally.

Unlike alternative solutions which must be deployed in a customer’s own data center, the Secure LDRaaS offers a managed instance of the PerspecSys’ Gateway deployed in a secure local Australian data center facility operating to (X)-In-Confidence and Protected classifications. This approach saves precious IT resources and still satisfies data residency requirements (since all sensitive data and documents never leave the organization’s jurisdiction). Secure LDRaaS is currently available in all Australian states and includes high availability, disaster recovery and data encryption at-rest.

“Australian businesses and government agencies cannot afford to take risks when it comes to data privacy and residency,” said Paul Evans, CEO & Co-Founder of Coretec Solutions. “That’s why we partnered with PerspecSys: to create a solution with no tradeoffs. We evaluated all solutions available in the market, and the PerspecSys AppProtex Gateway is the only cloud privacy and residency solution that is designed and architected to work as a managed service, while offering the underlying data protection techniques that are completely aligned with the residency requirements in legislation such as the Australia Privacy Act and Amendments and New Zealand’s Privacy Act. Together, we’re providing the best local data residency managed service, which allows our customers to take full advantage of cloud applications like Salesforce without the risk.”

According to international IT advisory firm, Gartner, global Software as a Service (SaaS) spending is projected to grow to $32.8B in 2016 and global spending on public cloud services is expected to grow from $76.9B in 2010 to $210B in 2016. These figures are propelled in large part by the major value that cloud-based software applications like Salesforce.com deliver. Companies around the globe want to take advantage of the time-savings, increased intelligence and best-in-class functionality that Salesforce and other SaaS applications deliver. However, data protection laws like the Australia Privacy Act, Australian Privacy Act Amendments and New Zealand’s Privacy Act impose strict guidelines on how sensitive data must be treated, especially when crossing international borders. While they protect personal information and company data from theft, the laws can slow cloud adoption.

About Coretec Solutions

Since 2002, Coretec Solutions has provided world-class cloud solutions to Industry and Government. Our cloud solutions are delivered via Software as a Service (SaaS) that can be purchased with an option to store all sensitive data and documents within your local jurisdiction. We provide Apps powered by Salesforce for Sales, Contracts, Complaints, Quality Assurance and Procurement best practice. Learn more at http://www.coretec.com.au/

About PerspecSys

PerspecSys Inc. is a leading provider of cloud data control solutions that enable mission-critical cloud applications to be adopted throughout the enterprise. PerspecSys gives organizations the ability to understand how employees are using cloud applications and then take the steps necessary to protect sensitive information before it leaves the enterprise’s network. By removing the technical, legal and financial risks of placing sensitive data in the cloud, PerspecSys make the public cloud private. Based in Toronto, PerspecSys Inc. is a privately held company backed by investors that include Intel Capital, Paladin Capital and Ascent Venture Partners. For more information please visit www.perspecsys.com or follow us on Twitter @perspecsys.

Contacts

Racepoint Group
Mike Nourie, +1-617-624-3222
perspecsys@racepointgroup.com

Release Summary

For many businesses and government agencies in Australia and New Zealand, the barriers to cloud computing adoption are actually increasing.

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Contacts

Racepoint Group
Mike Nourie, +1-617-624-3222
perspecsys@racepointgroup.com