​Fasoo updates Wrapsody enterprise collaboration tool

South Korean enterprise security software vendor Fasoo launched an updated version of its enterprise collaboration tool Wrapsody.

Wrapsody, a file-level content management and security solution, was first launched globally in May last year and provides instant version control and back-up at the rendering application layer.

Rather than having a separate system to manage version control and data, the functionality is built into the files themselves so that they are secure and up-to-date, no matter what devices they are transferred to. User access and version control is done at the file level by leveraging metadata.

Due to a recent rise in security concerns and the spread of cloud and mobile, file-level security is in rising demand in companies in the US and South Korea.

Security integration in the file-level, and overall management solutions that focus on data, is expected to replace disparate siloed data security tools in 25 percent of large enterprises by 2018, a rise from 2 percent in 2015.

The new version provides analytics, upgraded user interface, and more back-up features. It can work with existing enterprise contentment management (ECM) of companies.

"Data security must evolve to treat data as a pervasive asset that crosses traditional data silo boundaries on-premises and in big data platforms and public clouds," said Gartner, in a recent report on data security.

"The digital workplace is the workplace of the future," said Fasoo CEO Kyugon Cho in a statement. "As more and more devices are connected to the network, organizations run the risk of employees looking for a work-around to get their jobs done in the fastest and best way possible. Providing them with efficiency and security without impacting productivity is a must for all organizations going forward."

Fasoo is the largest enterprise data and application security vendor in South Korea, and is competing with Microsoft, EMC, and Adobe in the global market.