Voltage makes encryption work
[author:P. Lanides Public time:Aug 21, 2007] |
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Palo Alto, California—August 21, 2007—Voltage Security, Inc., a global leader in information encryption, today announced record financial performance for the first half of 2007 including nearly 80% growth in revenues for the trailing four quarter period and positive cash flow from operations for the past two consecutive quarters. The company also announced:
• Over 370 enterprise customers including leading financial services firms, healthcare institutions, insurance companies, retailers and others around the globe.
• Nearly 1,000,000 licensed users of its flagship product Voltage SecureMail™.
• Several seven figure customer relationships including the largest transaction completed by the company to-date.
• The rapid market acceptance of the Voltage Security Network™ reaching over 35,000 paid subscribers in just six months, proving the viability of the security-as-a-service (SaaS) business model.
• Voltage SecureMail becoming the #1 OEM’d secure email solution; partner contribution exceeding 40% of total bookings over the past 4 quarters.
To stay apprised of Voltage developments and to learn more about Voltage customers, sign up for the Voltage Security Newsletter.
“With these results we continue to strengthen our lead in the rapidly growing market for information encryption,” said Sathvik Krishnamurthy, president and CEO of Voltage Security. “We recorded stellar financial results by growing our blue-chip customer base and delivering innovative new products to the market, most notably with our SaaS solution, the Voltage Security Network (VSN)”
Reputation Management Fuels Demand for Information Encryption
The broad market demand for information encryption is driven by the increased scrutiny of data breaches and theft of personal information. Corporations around the globe see the direct link between brand reputation and the ability to protect valuable and sensitive customer, employee and/or patient personal information. These corporations know that even a relatively small leak of valuable information can result in serious reputation and brand damage and real loss of business – as witnessed by recent disclosures from international retailer, TJX Cos., which reported that breach-related costs have reached $256 million as of last quarter.
Voltage Security meets this need by providing solutions designed for ease-of-use, minimum administration costs and scalability. Voltage solutions are based on the award winning Voltage IBE™, or Identity-Based Encryption technology, which ensures the strongest information encryption along with greatly simplified key management.
Printed From:http://www.free-press-release.com/news/200708/1187735527.html
Source:Free Press Release
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