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Cloakware Hot Companies 2006

Cloakware, Inc.


The Company

Cloakware is the world’s leading provider of products and services that protect digital assets such as software, media, passwords and data from piracy and unauthorized access and use. Cloakware’s integrated software protection makes security inseparable from software. 

Cloakware solutions are on millions of devices, protecting the assets of some of the world’s largest, most recognizable and technologically advanced companies.  These solutions are most likely on devices and players you use in your business, at home, or while you’re on the go.  Content protection and software security leaders such as CoreMedia and Irdeto Access rely on Cloakware to secure their software against attack and enable interoperability and functionality that only Cloakware can deliver.

The Beginning

Cloakware is a privately held company and headquartered in Vienna, Virginia. Cloakware was founded in 1997 and, after 250+ development years were invested in its software protection technology, began commercial operations in 2004 when Jeff Waxman joined as President and CEO.  Since then, the company has experience exponential growth.

The Success Team

Jeffrey H. Waxman, President & Chief Executive Officer
Terri Allen, Senior Vice President & Chief Marketing Officer
Colin Brown, Managing Director, EMEA
David Canellos, Senior Vice President, Worldwide Sales
Paul Litva, Vice President, EMEA & Canada
Alec Main, Chief Technology Officer
Greg McKesey, Vice President, Customer Support
Kenneth Pennell, Vice President, Engineering
John Suit, Vice President, Advanced Technology, Advanced Technologies Group
Cathi Yabsley, Vice President and Chief Financial Officer

The Products

Cloakware Server Password Manager (CSPM)

 

"Making security inseparable from software is possibly the ultimate in protecting digital resources and that's where Cloakware's strength is. We believe Cloakware solutions will be much in demand as threats and attacks become more sophisticated and blended."

Rick Justice, Chief Editor

What makes Cloakware, Inc. an Info Security "Hot Company" 2006

Products & Technology

Cloakware offers innovative products and services that protect digital assets such as software, media, passwords and data from piracy and unauthorized access and use. It solves some of the most widely pressing security challenges faced by businesses and government.

Cloakware Server Password Manager (CSPM) is the first and only commercial solution to provide automated process password updates and management. CSPM enables companies to increase the security of their data center operations and improve the efficiency of managing their servers, while helping to meet with the latest regulatory requirements and reducing costs. The solutions allow process IDs and passwords to change frequently without the cost and complexity of redeveloping scripts and applications.

The company’s Cloakware Server Password Manager (CSPM) is the first and only commercial solution to address the efficiency and security issues related to updating and managing hard-coded application passwords that affect every organization. Although the problem of eliminating hard-coded passwords on servers is simple to understand, it is hard to solve. CSPM enables companies to increase the security and compliance of their data center operations.

Cloakware had invested 250+ development years in its software protection technology, and has 15 patents and patents-pending plus a license from Intel for tamper resistant software patents

People & Investors

The company is led by Jeffery H. Waxman who possesses immense breadth and depth of experience in leading security focused ventures.

The company is privately held with $14.2 million in funding. 

Performance & Growth

With little competition in areas that require Cloakware’s expertise, the company is gaining strong momentum, having tripled revenue and backlog for the last two years, with a forecast for the same growth in 2006.

Cloakware solutions are on millions of clients, protecting the assets of some of the world's largest, most recognizable and technologically advanced companies.  Household name companies have multi-year, multi-million dollar contracts with Cloakware.

Potential & Strategies

Cloakware delivers solutions that address strategic technology issues that other vendors have ignored. Users have either had to build their own solution in-house, or join the vendors in ignoring the problem, which only perpetuates the risks. Cloakware provides these users with a viable option for quickly and effectively increasing the security of their systems, applications and content.

Partnering with market leaders such as Microsoft, Symbian and in collaboration with Intel, Cloakware helps Fortune 1000 companies, federal agencies, and manufacturers and distributors of content, software and electronics devices all benefit from reduced development costs, improved time to market and mitigated risks due to software breaches. 

Cloakware Inc.
8320 Old Courthouse Rd., Suite 201
Vienna , VA 22812 USA
Tel: (703) 752-4830
Fax: (703) 752-2412
www.cloakware.com

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