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FinalCode Selected as Winner of Red Herring Top 100 North American Award

SAN JOSE, Calif., July 8, 2015 (GLOBE NEWSWIRE) -- FinalCode, Inc., the innovator in enterprise file security for a connected world, announced today it has been recognized as one of the leading private companies in the Americas, as selected by Red Herring for its elite "Top 100 North American Tech Startups" ranking.

"In a world where stolen identities and intellectual property appears out of control, businesses must extend their data leakage prevention investments to address file security risks," said Alex Vieux, publisher and CEO of Red Herring. "FinalCode is well positioned as a next generation file security vendor with a more flexible, cost-effective and persistent means to secure shared files for small business, enterprises and government agencies. As importantly, it has put together a team of premier industry veterans with the proven ability to bring innovative security solutions to market."

Red Herring selects award recipients among more than 1,200 privately financed companies in the U.S. and Canada. Red Herring's editorial staff determined the honorees by evaluating startup companies on both quantitative and qualitative criteria, such as: financial performance, technology innovation and intellectual property, management quality, market strategy and opportunity. The distinction was due in part to FinalCode's innovative approach to making file security easier, more manageable, and open. The company's ability to augment file encryption and entitlement capabilities within existing file management, storage and collaboration environments allows businesses and channel partners to readily extend their data leakage programs.

"Companies require stronger and more adaptable measures to reduce data leakage risks of shared files that have sensitive, confidential and regulated data," said Gord Boyce, CEO of FinalCode, Inc. "Being rewarded by Red Herring as a 2015 Top 100 North American Tech Startup is a testament to our innovative approach to helping organizations readily protect and maintain greater usage control over files that are shared internally and through cloud-based storage and collaboration platforms."

FinalCode is the name for both the file security platform and the Silicon Valley-based company that is bringing the solution to the global market. FinalCode's innovative file security platform is designed to enable businesses to easily and comprehensively protect their shared sensitive files wherever they go within and outside their network – a well-known, global issue and enormous exposure for data leakage, compliance, reputation and liability risk. The solution provides seamless encryption and extensive usage controls including the ability to remotely delete files, while integrating within a user's existing file sharing workflow and allowing the user to work in the application they are accustomed to.

Since the solution works with a company's existing enterprise content management, cloud-based file storage and collaboration systems, FinalCode is currently building its network of channel partners that will help introduce its solution to the market. The company is also developing strategic partnerships with leading ISVs in specialized application and file collaboration markets.

About FinalCode, Inc.

FinalCode offers organizations the ultimate means to secure sensitive files wherever they go within and outside the corporate network. Available as a SaaS, virtual appliance or hybrid offering, FinalCode delivers enterprise-grade file security that works with popular applications, file storage, devices, cloud and content management systems and across all communication channels: trusted, untrusted, private or public. The solution allows for user-defined and corporate policy-enforced file security with an extensive array of granular controls and the ability to remotely delete files. The company's patented CryptoEase™ technology streamlines file security and encryption processes without requiring the user to remember passwords, and by dramatically reducing key management overhead, makes implementation of FinalCode rapid and scalable. Headquartered in San Jose, California, FinalCode offers its solutions through its global network of authorized partners. Learn more at http://www.finalcode.com.

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©2015 FinalCode, Inc. is a privately held Delaware corporation. FinalCode, CryptoEase and the FinalCode logo, are trademarks or registered trademarks of FinalCode. Other names mentioned may be trademarks of their respective owners.

CONTACT: Media contact: Deb Montner Montner Tech PR 203-226-9290 dmontner@montner.com

Source: FinalCode