Licensed User Count Soars to Over 2.5 Million, Marked by Diversified Product Revenues
PALO ALTO, CA -- (Marketwire) -- 08/25/08 -- Voltage Security, Inc., (www.voltage.com), a
global leader in information encryption, today announced a record second
quarter with nearly 80% growth in revenue over the same period last year.
Total contract value of deals signed in the first half grew by over 50%.
The company also announced that it more than doubled its total licensed
user count to more than 2,500,000 and increased its total customer count
over the past 12 months by nearly 60% to more than 580.
Growth from Expanded Product Line
Voltage saw demand increasing across the breadth of its product line, from
the flagship Voltage SecureMail(TM), to its SaaS offering Voltage Security
Network(TM), and from its most recent products Voltage SecureData(TM) and
Voltage SecureFile(TM). Enterprises are increasingly adopting multiple
Voltage products to secure customer and
employee data in databases and applications, prevent identity theft,
and help customers securely collaborate with their business partners.
High points for the first half of 2008 also included:
-- Closing the single largest transaction in the company's history.
-- Closing the first multi-million dollar contract with Voltage
SecureData.
-- Growing the licensed user count for Voltage Security Network by nearly
40% over the prior year.
-- Growing total contract value of international business in the first
half by over 264%, of which more than 58% were Voltage Security Network
transactions.
"Large corporate customers increasingly appreciate the benefits of the
common key management architecture underlying Voltage products. Moreover,
our diverse product line is leading to larger and more strategic customer
relationships. One measure of that is the fact that we more than tripled
our multi-million dollar customer count over the past year," said Sathvik
Krishnamurthy, president and CEO of Voltage Security, Inc.
"Three customer decision points are driving the rapid adoption of Voltage
for these large enterprise deployments," continued Krishnamurthy. "First,
Voltage is highly scalable to the largest numbers of users and
applications. Second, Voltage has a proven track record of usability,
dramatically reducing help desk support and user training costs. Third,
Voltage solutions are designed for rapid integration and the quickest path
to production, so ROI is proven in days and weeks, instead of the months
and years typical of other key management approaches."
Information Protection at The World's Leading Brands
Driving Voltage's growth is increased demand from some of the world's
largest and most recognized brands.