nCipher collaborate with Jack Henry/Symitar

By Alan Harten

nCipher, a company that produces software that can protect critical enterprise data have gone into partnership with Jack Henry & Associates Inc, who are providers of data processing services and integrated technology solutions and are focused mainly on assisting financial institutions.

The partnership is actually with Jack Henry subsidiary company, Symitar, who will offer nCipher’s CryptoStor solution for re-sale.

Symitar supplies software systems and other related services to credit unions. The company has already in place many contracts to install and service nCipher CryptoStor to credit unions which include Lockheed Federal Credit Union.

Lockheed are apparently very satisfied with CryptoStor and have placed two additional orders for their IBM systems.

Many types of organization, but in particular financial services companies, are required to meet a strict set of compliance mandates as well as security regulations.

These requirements, in part, demand that they encrypt any sensitive information including current files as well as storage and back-up and recovery systems.

Financial services organizations obviously hold very large amounts of sensitive information, therefore encryption solutions have to meet exacting standards and various criteria.

Some of their requirements would include an easy to deploy system, which does not slow down the overall running speed of the existing system, and should be capable of giving on-demand access and recovery of keys.

Symitar, Details

Symitar, part of the Jack Henry Group, is a provider of integrated computer systems aimed at credit unions of all types. They have at present contracts with 600 credit unions as a sole provider of integrated, enterprise-wide automation.

Jack Henry & Associates, Inc. Details

Jack Henry & Associates, Inc. (Nasdaq: JKHY) is a provider of computer systems as well as ATM/debit card/ACH processing services focused on financial services companies.

They have 8,700 clients across the US. Symitar is a provider of information processing solutions for credit unions.

nCipher CryptoStor, Details

nCipher CryptoStor is a deployable, high-speed tape security appliance that digitally signs, encrypts and compresses data as it goes to tape media or virtual tape.

CryptoStor intercepts backup/restore transactions between hosts and tape libraries - centrally managing and fully off-loading tape media security functions.

It integrates with common backup applications and incorporates key management capabilities in a FIPS 140-2 Level 3 validated appliance, complying with the most widely recognized security benchmark for high security cryptographic systems.

nCipher, Details

nCipher protects data for security-conscious company’s, dealing in areas of enterprise key management, identity management, cryptographic hardware and data protection.