IronKey, a provider of data security software and hardware products managed through cloud-based services, announced a partnership with Imation Corp., a provider of data storage and security products, in which Imation will acquire the security hardware component of IronKey’s business and the two will team to offer IronKey online security services to enterprises, financial institutions, governments and consumers.

IronKey Trusted Access Platform service is used by financial institutions to prevent online banking fraud and achieve compliance with new Federal Financial Institutions Examination Council (FFIEC) guidelines, according to Arthur Wong, IronKey’s CEO. Under the agreement, IronKey will make its cloud-based security services available to Imation, whose customers will gain access to a growing set of capabilities to manage mobile devices, encryption, security policies, fraud prevention and virtualized applications.

“IronKey will accelerate [its] focus to bring more cloud-based security services to market,” Wong said in a statement.

IronKey will expand its security service platform to enable all types of enterprises to protect their assets, data and transactions, Wong says, and will support multiple devices and applications, including portable USB devices, software and mobile applications.

“Cybercrime will challenge the entire global economy as enterprises, governments and consumers become more mobile, and move applications and data into the cloud,” Dave Jevans, founder and chairman of IronKey and of the Anti-Phishing Working Group, said in a statement. “This year we’ve seen some of the world’s most respected companies and government agencies humbled by significant losses due to new threats from hacktivists, hostile nation states, cyber criminals and advanced persistent threats.”

All IronKey Trusted Access customers will continue to receive products and support through IronKey and its global banking service providers. IronKey secure storage customers and partners will transition their product and support relationships to Imation.

 

 

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