Ecrypt Technologies, Inc. (ECRY) Stands to Benefit from Hype Ecrypt Technologies, Inc. (ECRY) Stands to Benefit from Hyperactive Investments in Cybersecurity
Recent security breaches at eBay and Target highlighted if not added value to the cybersecurity space; and venture capital firms have taken notice of budding opportunities in the wake. As investigations of these and other breaches took place, proactive cybersecurity companies sprang into action, creating awareness of their capabilities and expertise. Venture capitalists took notice and are expected to pump an estimated $788 million into early-stage cybersecurity startups this year.
The forecast comes from financial data provider PrivCo, who estimates that the funding will be spread among about 40 cybersecurity startups currently in their early stages of funding. If PrivCo has it correctly pegged, that’s an increase of 74% compared to investments of $452 million in the same space last year. What’s even more impressive is that venture capital firms pumped just $160 million in cybersecurity startups in 2011.
Why the focus on start-ups? Innovation.
Small companies have a knack for identifying gaps in cyberdefense and are more flexible in their ability to develop innovation and create tools to fill those gaps. Furthermore, the smaller, high-potential startups are able to quickly roll with new trends and needs such as security for mobile and cloud applications.
Take for example Ecrypt Technologies, an emerging provider of military-strength data security solutions for enterprise, government, and military. The company’s flagship Ecrypt solution is an integrated email and encryption server that can be quickly deployed to strengthen the security of corporate communication, including attachments and mobile devices, against data breaches while eliminating phishing threats, malware infections, and spam.
Ecrypt’s paradigm-shifting technology eliminates the need for separate encryption servers hitched to bloated administration and various points of weakness. On tap with the above-mentioned security breaches, Ecrypt is also leveraging its security consulting services to help companies of any size or scale reinvent their information systems to better safeguard against the substantial losses associated with security breaches and compromised data.
In the last two months, Ecrypt has demonstrated some serious synergy, flexing its muscles in announcing a host of new partnerships and marketing agreements that add value and strength to the company’s position in the cybersecurity space. Keep flexing, Ecrypt – the venture capitalists are on the prowl.
For more information, visit www.EcryptInc.com
Please see disclaimer on the QualityStocks website: https://Disclaimer.QualityStocks.com