BitArmor Systems
Trustwave Looking to Go Public
According to ChicagoBusiness.com, Trustwave Holdings, which acquired BitArmor Systems earlier this year, has plans to become a public company by this time next year. The company is the leading provider of software that ensures merchants are in compliance with credit card companies' security standards. An IPO would give Trustwave the capital to do larger deals, increase its capabilities and expand internationally. Read the full article on ChicagoBusiness.com.
April 27, 2010 | Permalink
BitArmor Acquired by Trustwave
Trustwave, the leading provider of on-demand data security and payment card industry compliance management solutions to businesses and organizations throughout the world, has acquired BitArmor; terms of the deal are confidential. Patrick McGregor, CEO of BitArmor said, "Encryption has become mission-critical technology for government and companies in every industry, and delivering it broadly as part of Trustwave's solutions will bring immediate benefits to both large and small organizations. Our team of encryption experts is very excited about becoming part of the Turstwave team." Patrick will remain with the company in a strategic role as senior vice president for emerging technologies, and Trustwave will maintain (and grow) the Pittsburgh office location. Learn more by visiting the BitArmor and Trustwave websites.
January 12, 2010 | Permalink
WVa Adopts Carnegie Learning for Grades 8-12
The West Virginia Department of Education (WVDE) has approved Carnegie Learning Algebra I, Geometry and Algebra II Curricula for use as Primary Instructional Materials in the state. Also approved was the Carnegie Learning West Virginia 8th Grade math software and Cognitive Tutor Algebra I, Geometry and Algebra II software for use as Supplemental Instructional Materials. Carnegie Learning Math Curricula have been adopted in 13 states. Learn more at www.carnegielearning.com.
November 19, 2009 | Permalink
BitArmor Launches DataControl 4.0 Software Service
The industry's first integrated USB, email and full disk encryption solution delivered from the cloud is now available in the form of BitArmor's DataControl 4.0 managed service. BitArmor Managed Encryption is well-suited for mid-market businesses, saving them time, money and deployment headaches while providing military-grade encryption to prevent data breaches and comply with state and federal data privacy regulations. BitArmor is recognized for having the industry's only No-Breach Guarantee. Visit www.bitarmor.com to more about the company's breakthrough data products software.
November 19, 2009 | Permalink
Bill Egan: Business Times CFO of the Year
CFO of BitArmor Systems, William Egan, was named CFO of the Year in the Small Private Company category of the annual Pittsburgh Business Times awards. Egan led and orchestrated a recent fund-raising effort in which BitArmor raised nearly $5 million in venture capital earlier this year, attracting 15 new investors. Learn more about BitArmor at www.bitarmor.com and see the rest of the award winners at the Pittsburgh Business Times.
November 9, 2009 | Permalink
BitArmor Named in 2009 Magic Quadrant for Mobile Data Protection
BitArmor has been positioned by Gartner, Inc. in the 2009 Magic Quadrant for Mobile Data Protection report. The report, which is compiled by Gartner Analysts John Girard and Eric Ouellet, discusses mobile data protection products that secure data on movable devices, including laptop/notebook computers, PDAs and smartphones. Vendors included in the report are evaluated on the completeness of their vision and their ability to execute that vision. Learn more about data protection products at www.bitarmor.com.
September 3, 2009 | Permalink
Patrick McGregor: E&Y Entrepreneur of the Year
Patrick McGregor, CEO of BitArmor Systems was named a winner of the Ernst & Young Entrepreneur of the Year award for 2009. Winners were selected by an independent juding panel comprised of regional business, academic and community leaders and were announced at an award ceremony on June 19 at the Carnegie Music Hall in Pittsburgh. Awards are given to entrepreneurs who demonstrate extraordinary success in the areas of innovation, financial performance and personal commitment to their businesses and communities. Regional award winners are eligible for consideration for the E&Y Entrepreneur of the Year national awards to be announced in November. Congratulations, Patrick!
June 23, 2009 | Permalink
BitArmor Takes Tech 50 Top IT Award
The Pittsburgh Technology Council held its 12th Annual Tech 50 Award presentation celebrating the region's 50 leading technology-oriented companies in eight categories for 2008. Several of our portfolio companies made the finalist list, including BitArmor Systems and Carnegie Learning in the Information Technology category; Plextronics in the new-for-2008 Green Tech category; and ClearCount Medical Solutions in the Rising Star group. BitArmor took the top spot in the IT category based on product innovation, revenue growth, and job creation and retention. Congratulations to all the finalists. For a full list of finalists and more information on the awards, visit www.pghtech.org.
October 21, 2008 | Permalink
BitArmor Teams with Reconnex
BitArmor Systems, the leader in data control software, has partnered with Reconnex, the leader in information monitoring and protection appliances to form a complete data loss prevention solution with encryption. The agreement leverages the Reconnex Open API and BitArmor's enterprise encryption capabilities to find and protect sensitive data anywhere on the network. The agreement will enable an enterprise-class solution that defines and enforces policies for the protection of sensitive information. Learn more at www.bitarmor.com.
August 7, 2008 | Permalink
Jerry Widman Joins BodyMedia BOD
Jerry P. Widman, formerly CFO for Ascension Health, the country's largest not-for-profit hospital system, has been appointed to the Board of Directors for BodyMedia, Inc. Mr. Widman is currently a board member for Cutera Inc (CUTR), TriZetto Group (TZIX) and Preferred Professional Insurance Co., a privately held medical malpractice insurance company.
April 1, 2008 | Permalink
BitArmor Survey Shows Credit Card Theft a Big Concern for Holiday Shoppers
A survey conducted by BitArmor Systems over the "Black Friday" shopping weekend reveals that more than 3 in 4 shoppers are concerned about companies losing their credit card information to hackers and other criminals this holiday season. In fact, two-thirds of respondants say they will use their cards to pay for less than 25% of their holiday gift purchases. Almost 80% of those responding said they were likely to stop shopping at a store where retailers are not taking adequate measure to protect their personal data. BitArmor conducted the survey along with the news departments from WHAS-TV (Louisville), WTVF-TV (Nashville), WBMA-TV (Birmingham) and WTAE-TV (Pittsburgh).
November 29, 2007 | Permalink
Pittsburgh Technology Council Announces Tech50
Both Aethon and BitArmor Systems were honored by the Pittsburgh Technology Council, as being among the region's 50 leading technology-oriented companies within the 13-county area of southwestern PA. Each year, the Tech50 event honors those technology companies that demonstrated the strongest growth and advancement in product or sales success, financial strength, corporate citizenship, job growth and rentention and innovative product or technology. Aethon was a finalist in the Advanced Manufacturing category, and BitArmor in the Rising Star category. Read more about the 2007 Pittsburgh Technology 50 at www.pghtech.org.
October 18, 2007 | Permalink
BitArmor Releases DataControl 3.0
BitArmor Systems, the leader in data control software that helps corporate executives protect and manage sensitive data throughout their organizations, announced the immediate availability of BitArmor DataControl software. The latest version of DataControl utilizes SmartTags, which attach to the data itself and allows security, tracking and control of data in flight and at rest, faster, easier and more cost-effectively than any other solution. By adopting the unique approach of using SmartTags to control data instead of controlling a device or application, BitArmor is infinitely scalable. For more information on DataControl, visit www.bitarmor.com.
September 25, 2007 | Permalink
BitArmor Hires New President, McGregor Remains CEO
Michael Concordia has joined BitArmor Systems as its president, clearing the way for Patrick McGregor to concentrate fully on CEO duties. Previously Vice President of Sales for North America for CombineNet, Concordia will manage day-to-day operations including sales, marketing, business development and customer support. Patrick McGregor will focus on strategy, ensuring that the company's products continue developing to maintain BitArmor's market-leading position. Read more about BitArmor and Mike Concordia on www.bitarmor.com.
July 24, 2007 | Permalink
Entrepreneurial Funding Looking Up in Pittsburgh
In a recent article in the e-zine, Pop City, Pittsburgh venture capitalists spoke out about the future of entrepreneuship and venture funding in Pittsburgh. The article states that new companies received $230 million in investment dollars -- the largest growth in VC investment of any area in the country. Don Jones believes that today's angels are helping to develop successful companies, who, in turn, help develop other successes. "What we need is to reach a critical mass for the domino effect to be self-perpetuating. There needs to be families of successful companies that spin off each other." For the full article, check out popcitymedia.com.
July 17, 2007 | Permalink
Patrick McGregor Presses Retailers to Make ID Theft Changes
In an editorial piece in the Pittsburgh Post-Gazette, Patrick McGregor, president and CEO of BitArmor Systems, challenges all retailers to embrace more comprehensive information security. Citing the recent security breach at TJX Companies, Patrick asserts that any company who accepts credit card information must update their systems with new security solutions that automatically encrypt information from the moment of creation to guarantee persistent protection wherever the information moves or resides. The cost of encrypting data is miniscule when compared to the tremendous cost of recovering after a breach of customer data. BitArtmor Systems is an enterprise encryption vendor. Visit BitArmor's website for the full article, and more information on high-level data encryption.
April 3, 2007 | Permalink
Patrick McGregor: Top 40 Under 40
In the January issue of American Venture Magazine, Patrick McGregor, CEO of BitArmor Systems, is named one of the Top 40 Entrepreneurs Under 40 Years Old. The selection was based on achievements and ground-breaking efforts in the following areas: vision, leadership, development strategies, innovation and achievement. Although the article is available only to subscribers, you can read more about Patrick and BitArmor on the company's website. Congratulations!
January 9, 2007 | Permalink
BitArmor Profiled on EnterpriseIt Planet
Entitled "Security Startup Thrives in an ILM World," an article from EnterpriseIt Planet profiles BitArmor Systems and its BitArmor Security Suite Version 2.0. In the article, BitArmor VP of Marketing Mark Buczynski states that his company's product is different from PKI (public key infrastructure) systems in that "it automates key management and makes the management, deployment, and enforcement of data security easy, intuitive, and transparent to end users." BitArmor also provides value at the end of the regulatory compliance lifecycle as it relates to the "safe harbor" rule of the Federal Rules of Civil Procedure. Visit BitArmor's website for a link to the complete article.
November 26, 2006 | Permalink
Breakfast Briefing: Legal Issues in Information and Data Security
BitArmor Systems is the sponsor of this meeting featuring the latest technology for securing, managing, and auditing sensitive data on an enterprise scale. Technology law expert David Ries of Thorp Reed & Armstrong will discuss the impact of privacy and information security regulations on records retention, data destruction, and eDiscovery, as well as how executives and internal legal departments can mitigate risk with strong data security and management policies. The breakfast briefing will take place Thursday, September 28th at the Omni William Penn Hotel. Click here for more information or to register.
September 7, 2006 | Permalink
