SAN JOSE, CA -- (Marketwire) -- 05/11/12 -- CipherCloud, the leading provider of cloud information protection gateways for cloud applications and platforms, was named a finalist today in the New Product or Service of the Year - Software - Cloud Application/Service category of the 2012 American Business Awards.

The American Business Awards is the nation's premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations -- public and private, for-profit and non-profit, large and small.

For the first time, The American Business Awards will be presented at two awards events: the ABA's traditional banquet on Monday, June 18 in New York, and a new technology awards event on Monday, September 17 in San Francisco.

More than 3,000 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories.

"With the thousands of nominations that were submitted to the American Business Awards, to be named a finalist is not only an honor, but also strong validation for our CipherCloud information protection technology," said CipherCloud founder and CEO Pravin Kothari. "As more organizations continue to adopt cloud-based services, our technology allows them to confidently address their concerns about data privacy, residency, security, and compliance."

The CipherCloud technology cited in the award, CipherCloud Gateway, provides operations-preserving encryption and tokenization to secure sensitive information in real time, before it's sent to the cloud, without impacting usability or performance, or requiring any change to the application.

Finalists were chosen by more than 140 business professionals nationwide during preliminary judging in April and May. More than 150 members of 10 specialized judging committees will determine Stevie Award placements from among the Finalists during final judging, to take place May 14 - 25.

Details about The American Business Awards and the list of Finalists in all categories are available at www.stevieawards.com/aba.

About CipherCloud
CipherCloud is the market-leading provider of cloud information protection gateways that enable enterprises to securely adopt cloud applications and platforms by eliminating concerns about data privacy, residency, security, and regulatory compliance. CipherCloud's operations-preserving encryption and tokenization technology protects sensitive information in real time, before it's sent to the cloud, without impacting usability or performance, or requiring any change to the application. CipherCloud has been recognized by Gartner as a Cool Vendor in Cloud Security in 2011. Based in the San Francisco Bay Area, CipherCloud is backed by premier venture capital firms including Andreessen Horowitz, Index Ventures, and T-Venture, the venture capital arm of Deutsche Telekom. For more information, visit www.ciphercloud.com and follow us on Twitter @ciphercloud.

About the Stevie Awards
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.

Sponsors and partners of The 2012 American Business Awards include American Support, Business TalkRadio Network, Callidus Software, Citrix Online, Dynamic Research Corporation, iolo technologies, John Hancock Funds, LifeLock, PetRays, Primus Telecommunications Group, SoftPro, and VerticalResponse.

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