Prime Factors is a leader in applied data protection
committed to securing an open and collaborative digital world.
For 40 years, Prime Factors has served more than 1,000 global customers from diverse industries and geographies with cryptographic software solutions for payments, EDI, and general data protection.
For nearly half a century, Prime Factors has been a trusted leader in data security, delivering application-level data protection and simplified payment security solutions to enterprises around the world. With data more abundant than ever and the growth of distributive, collaborative, and cloud-deployed environments, Prime Factors continues to lead the way in providing simplified data protection solutions to safeguard sensitive data where it is most vulnerable.
Delivering Simplified Payment Security for More Than 40 Years
Prime Factors was founded in 1981 in the San Francisco Bay Area of California (USA), and later relocated to Eugene, Oregon, focusing initially on encryption technology and secure electronic data interchange (EDI). In 1984, a business relationship with Visa International led to the commercialization of Prime Factors’ first payment security application, the PIN Management System, which helped banks simplify managing security for creating and processing magstripe payment cards.
As payments evolved, Prime Factors launched the Bank Card Security System (BCSS) to expand beyond just magstripe payment security. Trusted by large and small financial institutions across six continents, BCSS helps simplify building, managing, and future-proofing secure payment applications.
A Trusted Leader in Application-Level Data Protection
For more than 25 years, government bodies, large banks, and global enterprises have interwoven Prime Factors’ crypto libraries into their applications to encrypt data in use. However, as data protection and privacy evolved, integration became increasingly complex.
Nearly a decade ago, Prime Factors launched a fundamentally new approach to application-level data protection, called EncryptRIGHT. Instead of taking months or years to interweave cryptography, applications could now leverage a crypto-agile architecture that incorporates a broad spectrum of security techniques to secure and reveal data in real time for applications to use. This drastically simplified protecting information where data is most at risk for enterprises around the globe.
Henry Cheli
Executive Chairman
Henry Cheli has been working in the high technology industry in the areas of Data Security and Digital Communications for more than 35 years, helping to commercialize emerging technologies for innovative technology companies globally. Henry served as Vice President, Americas Sales and later as Vice President of Business Development for Thales eSecurity, a leader in advanced data security solutions and services. Prior to this, Henry was President of Annese & Associates (sold to ConvergeOne) and a sales and commercialization consultant for several technology firms. Henry served as the Sr. Vice President of Sales, Marketing & Support Services at Visual Networks, a venture backed startup company that pioneered the development of software tools used for “Service Level Management” of Telco Packet Networks, where he supported their growth through Initial Public Offering (IPO). Henry also served as General Manager of the Networking Group division of Andrew Corp, where he led them to profitability. Henry lived for a period in England, where he reported to the Chairman of Racal-Datacom Global and ran Business Development to facilitate Racal’s participation in the consortium to establish the British “Camelot” Lottery System. He also held management positions in domestic and international Sales & Marketing and as General Manager of a product division of Racal-Datacom, Inc.
Justin Teitt
President & CEO
Justin has a diverse background in marketing, operations and executive management for emerging technologies and communications companies ranging from start-ups to Fortune 10. Justin served in a chief executive role at his prior two companies, a venture-backed technology company and a marketing and product development services company. He has held leadership roles in Global Channel Development with Sterling Commerce (acquired by IBM) and National Retail Development with SBC Communications (now AT&T), where he also held roles in corporate marketing, global sales, and field operations line management. Justin has served on the boards of several emerging technology companies as well as non-profit organizations focused on community development.
Jose Diaz
VP, Products & Services
Jose has worked in data security and communications for more than 40 years, most recently serving as the Director of Payment Strategy at Thales e-Security with global responsibility in guiding the development of solutions for financial services. Leading product development for Prime Factors, Jose brings a unique, customer-centric focus, having also held roles in Channel and Direct Sales in Latin America and the Caribbean, as well as global Business Development through technology partners. He has led engineering, product development and services teams developing data protection and network security solutions and has been a keynote speaker at payments and data protection events across the Americas. Jose has four patents in digital communications and is a graduate of the University of Miami with an MSEE degree.
