Voltage Security Posts Record First Half; Accelerates Growth of Information Encryption Solutions
Monday, August 25, 2008 8:08 AM
Symbols: DPZ, EK

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.


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