Company experiencing strong revenue growth in 2010 with shipment of its Application Protection Platform Version 4.0
New York, NY, August 5, 2010 —- Bayshore Networks, the leader in Layer 7 application protection, today announced that it is enjoying strong customer demand for the recently launched Version 4 of its Application Protection Platform – which includes SingleKey™, a Layer 7 application firewall, and SingleTone™, an infrastructure-based authorization solution. “We had significantly higher revenue in the first half of 2010 than we had in all of 2009. Unlike most other privately-held security companies, we’re profitable with very satisfactory margins,” said Francis Cianfrocca, Founder and CEO of Bayshore Networks.
Bayshore targets the high-end of the application protection market. Customers include Fortune 500 industry leaders in financial services, defense, global media, and other verticals. Bayshore products are perfectly suited for securing data center infrastructure, and both private and public clouds. Security threats to critical information systems are rapidly becoming more sophisticated and aggressive, and often are sponsored by sovereign actors. High-end enterprises are now looking beyond existing products, for solutions that give them security, integrity, and availability, in addition to compliance.
“Compliance is not the same as security. There are hundreds of security vendors selling compliance solutions to help companies pass audits but they are not necessarily keeping the networks and applications secure,” added Cianfrocca. “Our SingleKey™ Layer 7 Application Firewall and SingleTone™ infrastructure-based Authorization solution not only help systems managers to pass security audits, they will also give CEOs and CFOs of major enterprises the peace of mind that their mission critical resources are both secure and highly available,” said Cianfrocca.
Bayshore’s Application Protection and Authorization Platform comprises SingleKey™, a true Layer 7 application firewall, and SingleTone™ , an infrastructure-based authorization solution tightly integrated with SingleKey™. Unlike other web application firewalls, SingleKey™ protects both web and non-web applications. SingleKey™ and SingleTone™ are available as virtual appliances or as high-performance hardware. The Bayshore platform is designed especially for core data-center deployments, so customers don’t need to change their applications or network infrastructure.
With the latest Version 4.0 release, Bayshore’s SingleKey™ has further extended its lead over competitive application firewalls in many areas including Layer 7 protection (versus mostly Layer 3 or 4 by other products), support for virtualization and green initiatives, and advanced features including fine-grained policy enforcement and an industry-leading heuristic learning mode. In addition, SingleKey™ is the only application firewall on the market that is tightly integrated with a feature-rich authorization solution, SingleTone™.
“Perimeter security is no longer effective in the age of virtualization and cloud computing. With the irreversible trends toward mobile computing and the consumerization of IT, it is increasingly difficult to control and secure the end points,” said Cianfrocca. “The only way to protect mission-critical information is to deploy an identity-aware Layer 7 firewall (SingleKey™), integrated with strong authorization (SingleTone™), right in the core infrastructure to rapidly deliver secure access and fine-grained policy management to the applications, “ added Cianfrocca.
About Bayshore Networks
Bayshore Networks is the leader in infrastructure-based Application Protection and Authorization for the world’s most sophisticated business and industrial networks. We specialize in securing information backbones for high-end enterprises (financial, defense, services), private clouds, and sensitive civil infrastructure. Our product suite includes SingleKey™ (True Layer-7 application firewall), SingleTone™ (fully-integrated authorization solution), and SingleView™ (security infrastructure management and threat analysis). All products are available either as high-performance hardware appliances, or virtual appliances.
The most demanding organizations turn to Bayshore Networks for information security that does more than pass audits. In addition to meeting key compliance requirements out of the box, Bayshore products ensure data integrity and information availability. And our tight integration with core infrastructure gives us the scalability to protect the largest application portfolios. IT requirements are now changing for high-end enterprises more rapidly than at any time in recent memory. The challenges include private clouds, data-center modernization, endpoint consumerization, and mandated green initiatives, all of which drastically increase the need for effective information security. At the same time, enterprises are seeing more direct security threats, including threats from sovereign actors. Bayshore Networks is at the forefront in setting Best Practices for today’s IT organizations.
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