PRESS RELEASE

TEL AVIV, Israel – April 3, 2012 – Porticor®, the leading cloud data security company delivering the only cloud-based data encryption solution that infuses trust into the cloud by ensuring customer keys are never exposed, today announced it has joined the Red Hat Innovate™ program, enabling Porticor to leverage the power, openness and collaborative nature of open source communities, including enhanced access to Red Hat collaboration initiatives and software programs.

Porticor recently launched the Porticor Virtual Private Data™ (Porticor VPD™) system, the industry’s first solution combining data encryption with patented key management to protect critical data in public, private and hybrid cloud environments. As a Red Hat Innovate member, Porticor now has access to the Red Hat product and solution portfolio, enabling Porticor’s VPD system to leverage Red Hat’s enterprise storage and cloud solutions to deliver additional added value to customers, including large-scale private clouds and market-leading enterprise support.

“Porticor had an exciting launch of its cloud data security system, and we are pleased it is making its new security system available to users of Red Hat Enterprise Linux,” said Dion Cornett, vice president, strategic alliances at Red Hat. “We look forward to working with Porticor to drive adoption and contribute to the value they create in the cloud.”

The Red Hat Innovate program includes benefits such as joint marketing opportunities; access to Red Hat Enterprise Linux and JBoss Enterprise Middleware for development, testing, and production purposes; alignment with the Red Hat Software Catalog; and access to Red Hat’s innovative Platform-as-a-Service (PaaS) offering, OpenShift. Porticor’s VPD system available to users running Red Hat Enterprise Linux now offers customers access to features such as Red Hat Enterprise Virtualization delivered on the proven open source platform, Red Hat Enterprise Linux, and enterprise-level customer support.

“Joining the Red Hat Innovate program allows Porticor to deliver an end-to-end cloud data security solution based on Red Hat Enterprise Linux to Red Hat customers,” said Ariel Dan, Porticor Co-founder, VP Sales and Marketing. “We believe that Red Hat customers will benefit from our leading cloud data security system that is fully cloud-based, dynamic and elastic. This program will also expose Porticor to new sales and marketing opportunities, which will help fuel our growth.”

The Porticor Virtual Private Data™ (Porticor VPD™) system – the industry’s first and only product designed for homomorphic split-key encryption technology – delivers the industry’s highest level of data privacy in a public environment for data protection and compliance to regulations such as SOX, HIPAA, PCI DDS and GLBA, while also solving the issues raised by EU Data Protection and the U.S. Patriot Act. Using a unique, patent-pending technology, Porticor enables IaaS and PaaS cloud users to create a secured environment within minutes while completely eliminating the need to trust a security vendor or cloud provider with their encryption keys, therefore solving the biggest challenge for data encryption in the cloud – storing the keys.

About Porticor

Porticor is the leading cloud security company delivering easy-to-use and scalable security solutions for cloud data encryption and key management. The Porticor Virtual Private Data™ (VPD) system is the industry’s first solution combining data encryption with patented split-key management to protect critical data in public, private and hybrid cloud environments. Within minutes, customers can encrypt their entire data layer with the proven AES 256-bit encryption algorithm. Using breakthrough split-key encryption technology, and built for homomorphic key encryption, the Porticor VPD is the only system available that offers the ease-of-use of cloud-based key management without sacrificing trust. Porticor is an official Amazon Web Services Solution provider, and supports other public clouds, and was the only cloud security semi-finalist in the AWS 2011 Startup Challenge. The company is headquartered in Tel Aviv, Israel, and is venture backed by Glilot Capital. For more information, visit: http://www.porticor.com/.