DALLAS, January 15 /PRNewswire/ --
- CREDANT Now Secures Mobile Data for 25% of Fortune 100, Seven NewFederal Agencies and Growing List of Enterprise Companies
CREDANT Technologies(R), the market leader in mobile data protectionsolutions, today announced continued strong growth during 2006. For thesecond year in a row, the company experienced a triple digit increase inrevenue bookings over prior year and nearly doubled the number of cumulativeproduct licenses sold. Rapid customer adoption increased revenue bookingsover 2005 by 192% and increased the number of cumulative product licensessold from 1.8 million at the end of 2005 to 3.4 million in 2006. CREDANT'sphenomenal growth now includes 25 of the Fortune 100 companies and, with theaddition of 150 new clients in 2006; the total number of CREDANT customershas increased to 330. Achieving the growth that CREDANT has experienced, is adirect result of successfully teaming with indirect partner channels thatcontributed 58% of revenues in the fourth quarter.
"2006 will be remembered as the year when securing mobile data becamemission critical especially for laptops, desktops and USB drives. As a resultwe experienced an incredible 594% increase in revenue bookings for ourWindows-based solution," stated Bob Heard, CREDANT founder and CEO. "Webelieve strongly that 2007 is the year when protecting and controlling allmobile data becomes crucial. Our customers have without question begun torealize that data at rest on any mobile computing device is data at risk. Thephenomenal growth that we are seeing now is just the tip of the iceberg asacceleration of mobile device use continues."
Customer Momentum Driven by Continued Adoption in Top Three RegulatedIndustries
CREDANT's unparalleled success in securing 3.4 million devices in arecord four year period is based on the selection of CREDANT Mobile Guardianby organizations worldwide. The company experienced especially strong growthwithin Government, Insurance/Financial Services, and Healthcare. By the endof 2006, these verticals accounted for 64% of CREDANT's customer base. Newgovernment customers in 2006 included the Transportation SecurityAdministration (TSA), Department of Homeland Security, Department ofConservation, Defense Finance and Accounting Service (DFAS), Department ofWater Resources, Office of Personnel Management (OPM), and General ServicesAdministration (GSA). CREDANT also welcomed the State of Minnesota and theState of California Department of Mental Health.
Within the Insurance and Financial Services industries, the companywelcomed a number of companies that are listed in the Global 100 and Fortune500, including one of Wall Street's top three financial services companies,one of the nation's largest financial services providers of securitiesbrokerage, banking, wealth management, and related services, a leading onlinediscount brokerage services firm, a global 100 insurance-based financialservices provider, and one of the largest insurance companies in the U.S. andJapan.
Internationally, one of the largest telecommunications carriers in theworld has adopted CREDANT throughout Europe, and selected CREDANT forworldwide deployment. CREDANT's unique approach to protecting data andcontrolling functions on mobile devices -- such as enforced encryption of USBthumb drives, 'Proximity-based' access and the management of integratedwireless features -- resulted in the displacement of competitive products fora number of new clients.
CREDANT's growth in 2006 is measured not only in the number of newcustomers and strong quarter-over-quarter revenue growth, but by customersatisfaction. 43% of revenue bookings for 2006 came from existing customers,including significant add-on purchases from one of Wall Street's top threefinancial services companies (118,000 licenses), U.S. Army Medical Command(40,000 licenses), and numerous orders from the U.S. Army.
Technology Partnerships with Cisco Systems, HP, Microsoft, and RSA andNew Versions of CREDANT Mobile Guardian Continue History of Innovation
CREDANT once again raised the bar on protecting mobile data with two newinnovative releases of its flagship product, CREDANT Mobile GuardianEnterprise Edition. With release 5.1 announced in March 2006, CREDANT becamethe first solution provider that aligned security with the type of user,device and location and delivered one solution to control and protect allmobile data with security policies that "follow the data" across allendpoints. With release 5.2 announced in October, CREDANT redefined ease ofuse, operational management and security with three industry firsts:
1. CMG Shield support for Cisco Network Admission Control (NAC) protects the enterprise against unauthorized or unsecured PCs from entering the corporate network. By denying access to PCs that do not have the CMG Shield installed, CREDANT and Cisco NAC ensure that all PCs meet security policy for compliance. 2. Over-the-air Sync Control for Microsoft Exchange Server defends the enterprise by detecting and blocking any non-CMG Shielded handheld mobile device from downloading business email, ensuring that all handheld mobile devices meet corporate data privacy policies. 3. Proximity-based Handheld Access provides hands-free smartphone or PDA access and continuous operation that promotes safer use of mobile devices while driving.
In 2006 CREDANT joined the RSA Secured(R) Partner Program, and CREDANT'sflagship product, CREDANT Mobile Guardian (CMG) Enterprise Edition wasawarded RSA Secured(R) certification with RSA SecurID(R) for Microsoft(R)Windows(R) solution, signaling its interoperability with industry leadingtwo-factor authentication technology from RSA Security. CREDANT and RSASecurity completed extensive interoperability testing that allows CREDANT tooffer an interoperable solution to joint enterprise customers by ensuringthat notebook computers, tablet PCs and valuable network resources areaccessible only by authorized users.
Continued momentum with Microsoft culminated in advisory and joint'go-to-market' initiatives for Windows Mobile. CREDANT became a member of thenew Mobility Partners Advisory Council (a limited invitation-only advisoryboard); became a certified partner in the mobility competency; a member ofthe SecureIT Alliance; and launched a joint program to raise awareness of thebenefits of a combined Microsoft and CREDANT security solution for WindowsMobile 5. During 2006 CREDANT announced support for Windows Mobile 5 with CMGGroup Edition version 2.0 plus the end-user oriented feature set nowavailable with CREDANT Mobile Guardian Enterprise version 5.2.
CREDANT's long-standing and successful OEM relationship with HP continuedwith the availability of ProtectTools (CMG Personal Edition) on the iPAQ6900launched in 2006.
CREDANT Positioned in Leaders Quadrant in Gartner's 2006 Mobile DataProtection Magic Quadrant(a)
CREDANT Technologies was positioned by Gartner, Inc., in the leader'squadrant in the 'Magic Quadrant for Mobile Data Protection Magic Quadrant,1H06'(i) report for its CREDANT(R) Mobile Guardian software. According toGartner, leaders are vendors that have products that work well for Gartnerclients, have long-term road maps that match Gartner's vision of thedeveloping needs of buyers in the market, and make their competitors' salesstaff nervous and force competitors to follow their technical lead.
Banner Year for CREDANT's Partner Program -- Fiberlink Communications Corporation, the trusted expert for simple, secure mobile working, launched data encryption as a managed service to protect sensitive information stored on the laptops of mobile workers. Partnering with CREDANT Technologies, a leading provider of mobile data protection solutions, Fiberlink will integrate CREDANT'S Mobile Guardian product into its Extend360 Mobility Platform. The Fiberlink service-based solution extends the capability of CREDANT'S Mobile Guardian by eliminating the need for businesses to procure and implement hardware and software on-site. -- CREDANT's partnership with Dell and Envoy resulted in securing new customers including one of the leading financial and business advisors to mid-corporate businesses. -- The company's long-standing relationship and reseller agreement with HP added one of the nation's largest financial services providers of securities brokerage, banking, wealth management, and related services as a CREDANT customer. -- New reseller partners include Insight Software Spectrum, STI Group, AccessIT, Stack Computer, Dataline, Denali AI, VeiligMobiel (Netherlands), headTechnology (Europe), Randtronics (Australia), and Pentura (UK). -- Consulting and integration partner, Enterprise Networking Solutions was instrumental in delivering services for CREDANT customer, the California State of Mental Health as well as other State of California agencies. -- Resellers in the Americas added numerous new customers including one of the top providers of processing and software services and products, primarily to mutual funds, insurance providers, banks, and other financial services; one of the premier global private equity firms; one of the most recognized worldwide entertainment companies; a private, nonprofit organization offering a system of integrated health services in Washington state; a company that is a generator and provider of natural gas, coal, hydro, nuclear, solar, and wind-generated electricity; one of Canada's largest regional healthcare companies and a major Utility company. Internationally, resellers added a global leader in professional services; a high security prison; a London based commercial law firm; Dutch government entity; a private client wealth planning and management firm in Switzerland.
CREDANT also announced the results of its 2006 annual survey on mobiledata breaches. The objective of the survey was to find out if organizationsare prepared for future breaches. What the survey uncovered is that 88% ofrespondents know that large amounts of personally identifying data resides onemployees' mobile devices yet less than 20% of firms surveyed haveimplemented encryption. The report, which received national coverage on CNBC,is available to help organizations' better understand the obstacles they needto overcome to ensure the privacy of sensitive data.
"We accomplished our aggressive goals for 2006 by building on aworld-class team of people, continued product innovation, building trustedrelationships with our customer base and delivering solid financialperformance in a rapidly expanding, competitive market," said Bob Heard,founder and CEO of CREDANT. "Our ability to deliver a mobile data protectionsolution that enables business processes to "go mobile" while providingstrong compliance and risk mitigation controls has enabled us to support ourcustomer's business objectives and we look forward to another successful yearin 2007."
About CREDANT Technologies
CREDANT(R) Technologies is the market leader in mobile data protectionsolutions. CREDANT's secure mobility solutions preserve customer brand andreduce the cost of compliance, enabling business processes to quickly andsafely "go mobile." CREDANT Mobile Guardian is the only centrally managedmobile data protection solution that provides strong authentication,intelligent encryption, usage controls, and key management that guaranteesdata recovery. By aligning security to the type of user, device and location,CREDANT ensures the audit and enforcement of security policies across allmobile end-points. Strategic partners and customers include leaders infinance, government, healthcare, manufacturing, retail, technology, andservices. CREDANT was selected by Red Herring as one of the top 100 privatelyheld companies and top 100 Innovators for 2004, and was named Ernst & YoungEntrepreneur Of The Year(R) 2005. Austin Ventures, Menlo Ventures, CrescendoVentures, Intel Capital and Cisco Systems are investors in CREDANTTechnologies. For more information, visit www.credant.com .
Editor's Notes:
CREDANT, CREDANT Technologies, the CREDANT Technologies logo, and the BeMobile Be Secure tagline are registered trademarks of CREDANT Technologies.All other names, brands or products referenced are the service marks,trademarks, or registered trademarks of their respective companies.
(i) Gartner Research "Magic Quadrant for Mobile Data Protection, 1H06" byJohn Girard, Ray Wagner, August 20, 2006
(a) The Magic Quadrant is copyrighted August 2006 by Gartner, Inc. and isreused with permission. The Magic Quadrant is a graphical representation of amarketplace at and for a specific time period. It depicts Gartner's analysisof how certain vendors measure against criteria for that marketplace, asdefined by Gartner. Gartner does not endorse any vendor, product or servicedepicted in the Magic Quadrant, and does not advise technology users toselect only those vendors placed in the "Leaders" quadrant. The MagicQuadrant is intended solely as a research tool, and is not meant to be aspecific guide to action. Gartner disclaims all warranties, express orimplied, with respect to this research, including any warranties ofmerchantability or fitness for a particular purpose.
Web site: http://www.credant.com
CREDANT Technologies
Mary Van Zandt of CREDANT Technologies, +1-972-458-5408, or mvanzandt@Credant.com; or Chris McManus of Trainer Communications, +1-718-832-9154, or cmanus@trainercomm.com, for CREDANT Technologies
