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, marking a significant exit in the cloud security market.

Business overview

Porticor provides secure, scalable solutions for data encryption and key management specifically designed for cloud environments. Its core offering, the Virtual Private Data system, integrates advanced encryption with patented key management technology to safeguard critical data across public, private, and hybrid cloud infrastructures. The company's technology utilizes homomorphic split-key encryption to ensure that the master key remains known only to the application owner, even when in use, thereby enhancing security and trust for cloud operations, ensuring regulatory compliance, and streamlining data protection for enterprises.

Strategic signal

In February 2015, Porticor was acquired by Intuit, a major financial software company. This acquisition signaled a strategic move by Intuit to enhance its cloud security capabilities, integrating Porticor's encryption and key management expertise to protect sensitive financial data within its ecosystem. For investors, this demonstrated the high value placed on robust cloud security solutions and the potential for successful exits in the cyber security sector.

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.