Pythian announced today that it raised $6 million to expand the market reach of Adminiscope, its data security solution, to help retailers eliminate data security breaches. As global corporations continue to collect, store, and monetize massive amounts of sensitive data, they’re increasingly turning to Pythian to secure their infrastructures, especially from internal threats. Investors include the Business Development Bank of Canada (BDC) and Royal Bank of Canada (RBC).
“It’s clear there’s an appetite out in the marketplace for greater data security measures among all organizations, especially retailers who have to protect sensitive customer financial information,” said Paul Vallée, Founder and Executive Chairman at Pythian. “The recent challenges continue to underscore the need for solutions like Adminiscope, and strengthen our resolve to ensure our clients operate with the highest level of security and accountability. Our technology offers organizations and their customers unwavering confidence in their data’s security. With this investment, we will bring our solution to more retailers large and small, and help them increase consumer confidence and protect their brand.”
Adminiscope, a software-as-a-service (SaaS) privileged session management solution, secures access to enterprise systems, cloud infrastructures, databases, servers, and applications, and enables stakeholders to monitor and record in real time all privileged activity performed across an IT infrastructure. Database Trends and Applications magazine recently named Adminiscope to its list of Trend-Setting Products for 2014 in the data management and analysis space.
See the full press release here.