Company:Security First Corp

From HandWiki
Short description: Former American data security company
Security First Corp
TypePrivate
FateSold to ESW Capital in 2020[1]
FoundedRancho Santa Margarita, California, United States (2002)
FounderMark O'Hare
Headquarters29811 Santa Margarita Pky, Ste 600
Rancho Santa Margarita, California 92688
Key people
Jim Varner
(Director, president and chief executive officer)
ProductsInformation assurance and data security, SPx technology, ParsedCloud software
Websitehttp://www.securityfirstcorp.com

Security First Corp was a Rancho Santa Margarita, CA information assurance and data security company. The company held over 250 patents for software defined data security,[2][3] including its Secure Parser Extended (SPx) technology, which encrypts and randomly splits data into multiple segments, storing them in different locations.[4] This technology is also called bitsplitting.[5]

The company declared bankruptcy in 2020, and was sold to ESW Capital.[1]

History

Security First Corp was founded in 2002[6] by Mark O'Hare, a 26-year navy veteran[7] who had served as Program Executive Officer of the US Navy Aircraft Carrier Program.[2]

In 2008, information technology company Unisys integrated Security First's Secure Parser technology into its Stealth brand software for Windows servers and desktops.[8]

In June 2009, the company acquired Silicon Valley-based DRC Computer Corporation (DRC), a developer of acceleration coprocessors. Security First was reportedly using DRC's products for an information security appliance, and planned to operate DRC as a wholly owned subsidiary.[9]

In August 2011, IBM announced they were integrating three of Security First's cryptographic technologies into its next generation of chips, to increase their security.[10]

In December 2014, Security First released SPxSHARC for VMware's vCenter Server, running on VMWare's ESXi hypervisor.[11]

In 2015, IBM announced it was using Security First's SPxBitFiler-IPS encryption technology to allow IBM's PureApplication System virtual pattern deployers to encrypt on-disk data. The technology is also licensed by IBM for its Cloud Data Encryption Service (ICDES).[4][12]

The company declared bankruptcy in 2020, and was sold to ESW Capital.[1]

Products

Security First's core product was Secure Parser Extended (SPx) technology, which encrypted data, scrambled it randomly and dispersed it to different locations.[13] The technology combined AES-256 certified encryption, multi-factor secret sharing with keyed information dispersal, and cryptographic random bit-splitting. The solution is compliant with common government and industry data protection standards and security requirements.[7]

The company developed SPx SHARC, a security suite designed for multi-site data protection, SPx Gateway, a data protection solution designed to protect data stored across multiple cloud computing service providers, a process the company calls "Cloud Spanning",[14] and ParsedCloud, a file transfer application that encrypts, splits and transfers data between multiple sites, available in free and fee-based versions.[2]

Media coverage

In December 2014, former Apple CEO John Sculley was interviewed on Fox News and called Security First's bitsplitting technology a "gamechanger".[5]

Funding

In a December 2014 SEC filing, the company announced it had raised $29 Million from sales of debt and equity, from undisclosed investors.[15] In an April 2016 SEC filing, the company announced it had raised an additional $36 Million from sales of debt and equity, also from undisclosed investors.[16]

Subsidiaries

The company operated DRC Computer corporation as a wholly owned subsidiary.[9]

References

  1. ↑ 1.0 1.1 1.2 "Software Maker Security First Files for Bankruptcy". September 2, 2020. https://www.wsj.com/articles/software-maker-security-first-files-for-bankruptcy-11599000881. 
  2. ↑ 2.0 2.1 2.2 "Security First: Disruptive innovation redefining data security". cioreview.com. http://networking.cioreview.com/vendor/2015/security_first. Retrieved 2016-04-28. 
  3. ↑ "Patents by Assignee Security First Corp.". justia.com. http://patents.justia.com/assignee/security-first-corp. Retrieved 2016-04-28. 
  4. ↑ 4.0 4.1 "Security First Corp: Game Changing Technology: Software Defined Data-Centric Security". cioreview.com. http://networking.cioreview.com/vendor/2015/Security_First_Corp. Retrieved 2016-04-28. 
  5. ↑ 5.0 5.1 "Making sense of a rollercoaster economy". foxnews.com. 2014-12-21. http://video.foxnews.com/v/3955580714001/making-sense-of-a-rollercoaster-economy/?#sp=show-clips. Retrieved 2016-04-29. 
  6. ↑ "Company Overview of Security First Corp.". bloomberg.com. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=59675647. Retrieved 2016-04-28. 
  7. ↑ 7.0 7.1 "Security First Corp. Aims to Eliminate Customer Data Risk". loyalty360.com. 2014-10-20. http://www.loyalty360.org/Content-Gallery/Daily-News/Security-First-Corp-Aims-to-Eliminate-Customer-Dat. Retrieved 2016-04-28. 
  8. ↑ "Windows workgroups get encrypted sessions". techworld.com. 2008-12-03. http://www.techworld.com/news/apps/windows-workgroups-get-encrypted-sessions-107917/. Retrieved 2016-04-28. 
  9. ↑ 9.0 9.1 "Security First Acquires Coprocessor Firm". socaltech.com. 2009-06-08. http://www.socaltech.com/security_first_acquires_coprocessor_firm/s-0022074.html. Retrieved 2016-04-29. 
  10. ↑ "IBM seeks cloud encryption with Security First tie-up". zdnet.com. 2011-08-01. http://www.zdnet.com/article/ibm-seeks-cloud-encryption-with-security-first-tie-up/. Retrieved 2016-04-29. 
  11. ↑ "IBM seeks cloud encryption with Security First tie-up". cloudstrategymag.com. 2014-12-17. http://www.cloudstrategymag.com/articles/85412-security-first-corp-releases-spxsharc-for-vmware-vcenter-server. Retrieved 2016-04-29. 
  12. ↑ "IBM Encryption Pattern for Security First SPxBitFiler-IPA". ibm.com. https://www-01.ibm.com/software/brandcatalog/puresystems/centre/details?uid=PPA_D10N0LLN. Retrieved 2016-04-29. 
  13. ↑ "Staying at the forefront of cybersecurity". foxbusiness.com. 2015-03-24. http://video.foxbusiness.com/v/4131431007001/staying-at-the-forefront-of-cybersecurity-/?%23sp=show-clips#sp=show-clips. Retrieved 2016-04-29. 
  14. ↑ "Security First Corp: SPx Technology: Advanced Data Security Assured". cioreview.com. http://security.cioreview.com/vendor/2016/security_first_corp.. Retrieved 2016-04-29. 
  15. ↑ "UNITED STATES SECURITIES AND EXCHANGE COMMISSION:Form D". sec.gov. 2014-12-23. https://www.sec.gov/Archives/edgar/data/1553104/000155310414000001/xslFormDX01/primary_doc.xml. Retrieved 2016-04-29. 
  16. ↑ "UNITED STATES SECURITIES AND EXCHANGE COMMISSION:Form D". sec.gov. 2016-04-22. https://www.sec.gov/Archives/edgar/data/1553104/000155310416000002/xslFormDX01/primary_doc.xml. Retrieved 2016-04-29. 

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