Ingrian, which made its name marketing hardware platforms to speed up the processing of SSL, secure caching, and secure switching (securing data in transit - a market that has become commoditised), has developed software service engines to secure data in storage as well. It calls this technology Network Attached Encryption.
In trying to lock-down data in storage from prying eyes, hackers, and malicious attack, companies have turned to encryption technologies to secure their applications and data. But traditional encryption technologies require some re-writing of applications, and place a heavy load on servers. There's also the issues of keys residing on the same server where applications are running, which Ingrian argues poses a security risk.