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October 3, 2017

Enveil Appoints Timothy Eades to Board of Directors

Eades Brings Over 20 Years of Leadership Experience and Success to the Maryland-Based Startup

Fulton, MD – October 3, 2017 – Enveil, provider of the first scalable commercial solution to secure Data In Use, today announced the addition of Timothy Eades to their Board of Directors. Eades, CEO of vArmour, is a security executive and entrepreneur with deep expertise in driving high growth for security and enterprise software companies. His work has set a standard for innovation and he was recently recognized for professional excellence by the SC Media Reboot Leadership Award. Eades’ notable management accomplishments include building two companies with successful exits as CEO, currently serving on several boards of directors, and having shaped and invested in numerous disruptive companies. As a member of Enveil's board, Eades will provide guidance to accelerate Enveil's go-to-market strategy.

“Tim has already proven to be a valuable asset for Enveil while serving as a Strategic Advisor since the beginning of 2017. Adding him to our Board of Directors is an important step and we look forward to utilizing his expertise and guidance in the company’s continued growth.”

Ellison Anne Williams
CEO and Founder of Enveil

Within a span of five years, Eades served as the CEO of Silver Tail Systems, which was acquired by RSA, and then Everyone.net, which was acquired by Proofpoint. Eades has led, mentored, grown and supported the security community to advance innovations and protect critical data and infrastructure that underpin our society. He joins the existing members of Enveil's Board of Directors, Williams and Bob Ackerman, founder of DataTribe. Together, they will guide Enveil's continued success and expansion, built upon the momentum Enveil has gained in 2017.

“IT is undergoing a major digital transformation and bringing security to the forefront of strategic planning. In the last 12 months, Enveil has made impressive strides in educating the industry about the need for a solution that empowers organizations to never decrypt their data. Their groundbreaking technology is changing the game for data protection, and I am excited to work alongside an exceptional team and play an integral role in the company’s success.”

Tim Eades
New Enveil Board Member

After transferring their homomorphic encryption technology out of the National Security Agency in 2016, Enveil received $1M in seed funding from DataTribe, a unique startup development studio that serves as a co-builder for breakthrough product companies coming out of the intelligence community. The use cases for Enveil's technology span a wide range of large market verticals including cloud security, financial services, healthcare, cyber, audit, and supply chain.

To learn more about Enveil, please visit enveil.com.

About Enveil
Enveil's technology is the first scalable commercial solution to secure Data in Use. Powered by homomorphic encryption, Enveil enables enterprises to operate on both encrypted and unencrypted data in the cloud, on prem, or anywhere in between without ever revealing the content or results of operations, such as searches and analytics. Enveil's solution is applicable across large market verticals, including cloud security, financial services, healthcare and supply chain. Founded by a seasoned team of mathematicians and computer scientists from the U.S. Intelligence Community, Enveil was one of the winners at the 2017 RSA Innovation Sandbox competition. Learn more at https://enveil.com

To learn more about the expanded value unlocked by Enveil, please schedule a meeting.
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Enveil is a pioneering Privacy Enhancing Technology company protecting Data in Use. Enveil’s business-enabling and privacy-preserving capabilities change the paradigm of how and where organizations can leverage data to unlock value. Defining the transformative category of Privacy Enhancing Technologies (PETs), Enveil’s award-winning ZeroReveal® solutions for secure data usage, collaboration, monetization, and Secure AI protect the content of the search, analytic, or model while it's being used or processed. Customers can extract insights, cross-match, search, analyze, and leverage AI across boundaries and silos at scale without exposing their interests and intent or compromising the security or ownership of the underlying data. A World Economic Forum Technology Pioneer and Gartner Cool Vendor, Enveil is deployed and operational today, revolutionizing data usage in the global marketplace.
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