SOURCE: Code Green Networks

Code Green Networks

December 08, 2009 10:30 ET

Code Green Networks Reports Back-to-Back Quarters of Record Sales

Closes Single Largest Transaction in Company History

SUNNYVALE, CA--(Marketwire - December 8, 2009) - Code Green Networks, the leader in comprehensive data loss prevention (DLP) solutions that can be deployed quickly and cost-effectively, today announced the results of another consecutive record quarter of sales. During the first half of the company's fiscal year Code Green Networks announced a 150% growth in revenues from the same period last year. The success was attributed to strong growth in channel partner wins and a customer renewal rate of 98% -- over 95% of the Code Green DLP appliances sold are in deployment. The latest quarter was punctuated by closing the single largest transaction in the company's history.

"Our momentum throughout the last six months points directly to the eagerness of enterprises to implement a high-value, reliable data loss prevention solution with a strong integrated feature set that is easy-to-deploy and easy-to-manage," said Daniel Udoutch, president and CEO of Code Green Networks. "Unlike other enterprise data loss prevention solutions we enable the largest global organizations to cost effectively start solving their core data leakage problems in days not months."

Strong Channel Momentum

Led by an increase in the demand for the Code Green Networks CI-1500 and CI-3000 data loss prevention appliances, primarily in the healthcare and financial sectors, Code Green added 20 new worldwide strategic partners over the past six months -- channels accounted for more than 85% of new Code Green Network orders.

"Our clients appreciate our commitment to providing the highest value, easiest to implement solutions to secure their unique data and network requirements," said Mark Lawson, Founder and President of Information Security Networks. "By implementing Code Green Networks DLP appliances with the Blue Coat Systems ProxySG we are confident that our customers are fully protected from losing confidential or proprietary information over any electronic communication channel with minimal effort from their IS/IT departments."

Security Priorities Include DLP

Unlimited access to the Internet and workforce mobility, coupled with more stringent government and industry regulations and the need to protect intellectual property (IP), is driving organizations to re-evaluate their data security controls.

According to the 12th annual Ernst & Young Global Information Security Survey, released in November 2009, the heightening occurrence of data breaches has moved data protection into the forefront of many information security leaders' minds -- the combination of tools and processes for identifying, monitoring and protecting sensitive data or information -- is the second-highest security priority in the coming 12 months.

Code Green Networks TrueDLP Data Loss Prevention (DLP) solution effectively identifies, monitors, and protects data in use, data in motion, and data at rest and is positioned to meet the data protection security priority in 2010 and beyond.

About Code Green Networks

Code Green Networks delivers data loss prevention solutions that protect private employee and customer information and safeguard intellectual property across all electronic communications channels. The company's easy-to-deploy, easy-to-manage content inspection appliances rapidly detect and prevent potential data leaks, helping organizations automate compliance and mitigate risks from internal breaches that can result in loss of revenue, financial penalties and irreparable damage to a corporation's image, brand and customer loyalty. For more information, please visit

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