SOURCE: Cenzic


January 27, 2011 10:13 ET

Cenzic Continues to Shatter Records With a Strong 2010: 24 Quarters of Revenue Growth and a Record Q4

Company Leads Web Application Security Market With New Innovative Products, Customers, Awards and Partnerships

SANTA CLARA, CA--(Marketwire - January 27, 2011) - Cenzic Inc., the leading provider of Web application security assessment and risk management solutions, today announced it has closed another outstanding year highlighted by the industry's first cloud-based product, industry partnerships, customer acquisitions and 24 quarters of continuous growth.

According to Forrester, Cloud Security is expected to rise to $1B in five years. To capitalize on this growth, Cenzic launched ClickToSecure Cloud, the industry's first true cloud offering for Web application security allowing users to test their websites for vulnerabilities and conduct quick assessments entirely in the cloud.

"As hackers continue to attack through Web applications and regulations like PCI 2.0 get tighter, securing Web applications has become a huge priority for not only large companies and government agencies but also small and mid-sized businesses," said John Weinschenk, president and CEO of Cenzic. "2010 was a huge testament to Cenzic's leadership in the application security space as it anticipated market needs and developed and added a cloud-based security offerings to our existing portfolio of managed security service and enterprise software. As we head into 2011, we'll leverage our momentum and the growth in the security market to continue our tradition of delivering the best products and security innovations."

The company closes the year with several key partnerships including Citrix, which utilized Cenzic's Web application vulnerability assessment technology with Citrix's NetScaler Application Firewall for improved compliance, SecurityOnDemand, a provider of On-Demand compliance and security solutions and various other resellers and service providers.

Further validating the demand for Cenzic's unique and powerful Web application security offerings, the company added hundreds of customer names to its roster, many of whom chose Cenzic for its innovative technology, scalability and outstanding support including a number who switched from competitive products. In addition, the company was honored with several industry and product awards including, AlwaysOn 100 OnDemand Company, the Network Products Guide Best Security Testing and Best in Web 2.0 Security award for Hailstorm 6.5 and was named a 2010 Stevie Awards finalist for most Innovative Company.

As further proof of Cenzic's momentum, the 2010 calendar year closes with the company's twenty-fourth consecutive quarter of revenue growth. Cenzic also continues to help raise awareness of Web application security through thought leadership by working with industry groups such as Open Web Application Security Project (OWASP) and SANs Institute. The company also drove awareness for application security during 2010's CyberSecurity Month with a flurry of outreach activities included free access to educations sessions and Cenzic's popular e-book on Web application security, honoring Howard Schmidt with an outstanding achievement award and providing a free application vulnerability assessment health-check. The company, under its No Website Left Behind® program, also continues to offer free software to universities for their computer science students, and to qualifying charities.

About Cenzic
Cenzic, a trusted provider of software and SaaS security products, helps organizations secure their websites against hacker attacks. Cenzic focuses on Web Application Security, automating the process of identifying security defects at the Web application level where more than 75 percent of hacker attacks occur. Our dynamic, black box Web application testing is built on a non-signature-based technology that finds more "real" vulnerabilities as well as provides vulnerability management, risk management, and compliance for regulations and industry standards such as PCI. Cenzic solutions help secure the websites of numerous Fortune 1000 companies, all major security companies, leading government agencies and universities, and hundreds of SMB companies -- overall helping to secure trillions of dollars of e-commerce transactions. The Cenzic solution suite fits the needs of companies across all industries, from a cloud solution (Cenzic ClickToSecure Cloud™), to testing remotely via our managed service (Cenzic ClickToSecure® Managed), to a full enterprise software product (Cenzic Hailstorm® Enterprise ARC™) for managing security risks across the entire company.

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