Positioned furthest along completeness of vision axis in Visionaries Quadrant
MISSISSAUGA, ONTARIO, CANADA – 24 September 2014 - WinMagic Inc., the global innovator in disk encryption, today announced that it has been recognized as a Visionary in Gartner Inc.’s 2014 Magic Quadrant for Mobile Data Protection (MDP). Published September 8, 2014, Analyst John Girard has positioned the company as furthest for completeness of vision within the Visionaries quadrant, advancing the company from their previous quadrant position held in 2013.
WinMagic has continued to innovate and penetrate the MDP market through consistent advancements to its SecureDoc solution. Through these continued innovations, the company has solidified its commitment to providing the highest-quality of data security solutions to its valued customers within the marketplace.
"We believe WinMagic’s consistent advancement along the completeness of Gartner’s vision axis validates the pioneering work we have been doing in the data encryption space," said Thi Nguyen-Huu, CEO of WinMagic. "By innovatively separating encryption and encryption key management virtually, WinMagic’s solutions allow customers to benefit from the best, most cost-effective encryption method and authentication option for their environment. With recent high-profile data breaches, companies are recognizing that sensitive data must be encrypted on the endpoint, and a platform and application-independent key management system will best serve devices and cloud data protection.”
“Gartner defines mobile data protection (MDP) products and services as software security methods that enforce confidentiality policies by encrypting data, and then defending access to that encrypted data on the primary and secondary storage systems of end-user workstations."
By Gartner's definition,” Visionaries make investments in broad functionality and platform support, but their competitive clout, visibility and market share don't reach the level of Leaders. Visionaries make planning choices that will meet future buyer demands, and they assume some risk in the bargain, because ROI timing may not be certain. Companies that pursue Visionary activities will not be fully credited if their actions are not generating noticeable competitive clout and are not influencing other vendors. The difference between Visionaries and Niche Players amounts to the risks that the company takes in terms of strategic R&D and the ability to realize competitive clout from those risks.”
WinMagic has seen a significant uptick in interest from potential customers this year, fueled in part by its commitment to innovation. For example, the company has advanced its solutions so that its unique management functions apply to various emerging encryption schemes, such as Microsoft BitLocker and self-encrypting storage drives, on mobile devices and servers alike.
With data encryption becoming an essential security component, Gartner says:
- Most companies, even if not in sensitive or regulated industries, recognize that encrypting business data is a best practice.
- Gartner believes that the costs of a data breach are higher than the cost to invest in preventive measures, such as MDP.
- Gartner recommends that all companies make efforts to install encryption across their endpoint platforms.
As WinMagic looks ahead to 2015, the company is optimistic about new opportunities and continued market penetration within the MDP space. Whether it's the introduction of new product features or enhanced relationships with new and existing partners, customers can expect continued innovation in WinMagic’s offering and an increased focus on the evolution of data security.
About The Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About WinMagic Inc.
WinMagic Inc. provides the world’s most secure, manageable and easy-to–use data security solutions. WinMagic’s SecureDoc is a comprehensive encryption and security management product that can manage data security across the enterprise. By encrypting entire disks, specific files or folders locally or on the network as well as mobile devices and removable media, SecureDoc secures your data wherever it is stored, providing enterprise grade data security policy and key management across all operating systems such as Windows, Mac OS, Android and Linux. SecureDoc is trusted by thousands of enterprises and government organizations worldwide. Our solutions help organizations to minimize business risks, meet privacy/regulatory compliance requirements, and protect valuable information assets against unauthorized access. With a full complement of professional and customer services, WinMagic supports over 6 million SecureDoc users in more than 80 countries.
WinMagic, SecureDoc, SecureDoc Enterprise Server, Compartmental SecureDoc, SecureDoc PDA, SecureDoc Personal Edition, SecureDoc RME, SecureDoc Removable Media Encryption, SecureDoc Media Viewer, SecureDoc Express, SecureDoc for Mac and SecureDoc Central Database are trademarks and registered trademarks of WinMagic Inc., registered in the US and other countries. All other registered and unregistered trademarks herein are the sole property of their respective owners. © 2014 WinMagic Inc. All rights reserved.
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