Porticor

Company Overview

Snapshot

Founded in September 2009 by Gilad Parann Nissany and Ariel Dan, Porticor operated with 11–50 employees. The company was acquired by Intuit in February 2015.

Business overview

Porticor provides secure, scalable solutions for data encryption and key management in cloud environments, focusing on cyber security. Its core offering, the Virtual Private Data system, combines encryption with patented key management technology to protect critical data across public, private, and hybrid cloud infrastructures. The company serves enterprises by enabling them to encrypt their entire data layer and securely store encryption keys, thereby enhancing confidence in cloud operations, ensuring data safeguarding, and facilitating compliance with regulatory standards. Porticor's technology utilizes homomorphic split-key encryption to deliver cloud-based key management without compromising security, ensuring the master key remains known only to the application owner and is encrypted even during use.

Strategic signal

In February 2015, Porticor was acquired by Intuit, a move that signaled the increasing importance of robust cloud security and encryption key management within the financial technology sector. This acquisition highlights the strategic value placed on protecting sensitive data in cloud environments and validates Porticor's innovative approach to homomorphic split-key encryption.

Company Intelligence Q&A

When was Porticor founded?

Porticor was founded in September 2009.

Who founded Porticor?

Porticor was founded by Gilad Parann Nissany and Ariel Dan.

What is Porticor's primary focus?

Porticor specializes in encryption key management for cloud security, offering solutions for data encryption and key management in public, private, and hybrid cloud environments.

When was Porticor acquired?

Porticor was acquired by Intuit in February 2015.

Which investors participated in Porticor's July 2013 funding round?

In July 2013, Porticor received funding from Glilot Capital Partners.