STAMFORD, Conn.--(BUSINESS WIRE)--Looking to help enterprises rapidly deploy data-centric security solutions that accelerate risk reduction and business value protection, Protegrity is launching Protegrity Prime, a new subscription model that bundles its software, support and consulting services into flexible tiers based on how much sensitive data is protected.
Eschewing old-world perpetual licenses that only allowed use of specific Protegrity offerings running in narrowly-defined and contractually-specified computing environments, the bundled Protegrity Prime subscription tiers align with the ongoing value delivered – the protection of the data itself – and allows clients to protect their sensitive data wherever it resides using the entirety of the Protegrity product portfolio.
Protegrity Prime, the first data-centric security solution to move to a customer-first subscription model, is provided on an annual basis.
According to Gartner1, “By 2020, more than 80 percent of software vendors will change their primary business model from traditional license and maintenance to subscription, regardless of whether the software resides on-premises or in the cloud.”
Gartner1 reports that perception of affordability is one of the main drivers of this trend. “Because a subscription is based on a controllable unit of specification, this approach gives business units some control over expected costs and a clearer picture of their IT-related costs. The value of short-term predictability trumps long-term costs, particularly when the ease of adding or relinquishing licenses is included in the picture.”
While privacy-by-design is integral to maintaining a company’s brand reputation, deploying data security can be logistically and financially disruptive. But with the Protegrity Prime all-in subscription, organizations can flexibly scale protection of data and manage access to it in-line with the operational demands facing all connected enterprises.
“Protegrity Prime saves you significant upfront costs and provides consistent and predictable payments from operation expenses, not big hits to capital budgets,” added Protegrity CEO Suni Munshani. “You pay for the data security you need, as you need it now and in the future. Our partnership means protecting your business with a fully integrated data solution that’s easy to use, simple to implement, and mitigates the impact from breaches.”
For more information about Protegrity Prime please visit www.protegrity.com/protegrity_prime
1 Gartner “Market Trends: Prepare Now to Smooth the Inevitable Transition to a Subscription-Based Business Model,” by Laurie F. Wurster, Adam Woodyer, and JP Corriveau, 19 April 2017.
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About Protegrity: Proven Experts in Data Security
Protegrity is the only enterprise data security software platform that leverages scalable, data-centric encryption, tokenization and masking to help businesses secure sensitive information while maintaining data usability. Built for complex, heterogeneous business environments, the Protegrity Data Security Platform provides unprecedented levels of data security certified across applications, data warehouses, mainframes, big data, and cloud environments. Companies trust Protegrity to help them manage risk, achieve compliance, enable business analytics, and confidently adopt new platforms. For additional information visit www.protegrity.com.
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