World Economic Forum Selects Voltage Security as 2006 Technology Pioneer
The World Economic Forum has selected Voltage Security, Inc. as a technology Pioneer for 2006 based on its award-winning technology, Voltage IBE.
The Identity-Based Encryption, which greatly simplifies the protection of information, whether it is on servers, laptops or in transit via email, is a public key cryptography system that uses common identities as public keys, eliminating the need for certificates, Certificate Revocation Lists and other costly infrastructure. Voltage incorporates IBE into its Enterprise Privacy Management Platform, which enables a single set of security and compliance policies to manage all forms of digital business communication.
"Private information such as financial and medical data must be secured as it flows in email and in real-time communications as well as when it sits as data-at-rest," said Sathvik Krishnamurthy, president and CEO of Voltage Security. "With Voltage IBE, there is finally a simple way for companies to manage privacy across their vast organizations and for consumers to easily send and receive encrypted email."
Technology Pioneers are companies that have been identified as developing and applying highly transformational and innovative technologies in the areas of energy, biotechnology and health, and information technology. The Forum selected 36 technology Pioneers for 2006 because of their cutting-edge work and its potential long-term impact on business and society.
Based in Geneva, Switzerland, the World Economic Forum is an independent organization committed to improving the state of the world. Funded by the contributions of 1,000 of the world's foremost corporations, the Forum acts in the spirit of entrepreneurship in the global public interest to further economic growth and social progress. The Forum serves its members and society by creating partnerships between and among business, political, intellectual and other leaders of society to define, discuss and advance key issues on the global agenda.
"The creative innovations produced by our Technology Pioneers hold the promise of significantly affecting the way business and society operate," said Peter Torreele, managing director of the World Economic Forum. "As a global knowledge hub, we see the Technology Pioneer community as key contributors to this dialogue and to the mission of the World Economic Forum."
In November, Voltage was a finalist for the first-annual HP/IAPP Privacy Innovation Technology Award. The company also was recently selected as a finalist for the 2006 SC Awards in the "Best Email Security" and "Best Encryption Solution" categories, sponsored by SC Magazine.