Standard Chartered’s SC Ventures will support vArmour’s continued global expansion
vArmour, the leading provider of Application Relationship Management, today announced that SC Ventures, the innovation, fintech investment and ventures unit of international banking group, Standard Chartered, is investing in vArmour as a strategic partner to support the technology company’s growth on a global scale.
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The onset of a global pandemic has brought new challenges, as businesses are forced to address budget restrictions and get more value out of their existing infrastructure to maximize the services they already have, and get more value out of their cloud environments. A global workforce adds a new layer of complexity to an already complicated environment of legacy and new infrastructure, resulting in applications and data spanning across hybrid environments which are difficult to track and secure.
vArmour allows businesses to control operational and cyber risk across any platform enterprise-wide. As businesses continue to tackle the challenges of digital transformation, this deepened visibility into every environment means businesses can map relationships across their entire dynamic enterprise in one view.
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Standard Chartered’s cybersecurity team is deploying vArmour to improve its security across critical applications. “One of the biggest priorities in banking today is the protection of applications and data against cybersecurity threats,” said Alex Manson, Global Head of SC Ventures. “vArmour’s approach to managing the relationships between applications across banks’ infrastructure is critical to the management of cyber risks in today’s cloud-first digital world. Our investment in vArmour will enable us to participate in their growth as we support their expansion in markets across the globe.”
“Businesses are looking for a simplified way to understand the relationships between their applications on both a small and large scale,” said Tim Eades, CEO at vArmour. “With vArmour, businesses can visualize and control every relationship, and every application, in every environment in order to reduce operational risk, increase application resiliency, and secure hybrid clouds.”
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