SOURCE: FoxT

FoxT

March 07, 2011 08:00 ET

FoxT Announces Record Bookings and Continued Profitability for 2010

New Customer Acquisition and Continued Growth in the Install Base Delivers Most Successful Year in Company History and Second Consecutive Year of Profitability

MOUNTAIN VIEW, CA--(Marketwire - March 7, 2011) - Fox Technologies, Inc., a leading provider of enterprise access management solutions, today announced that continued demand for privileged account management and product innovation enabled them to successfully achieve profitability for the second year in a row. FoxT's 2010 order volume, the highest in the company's history, was 70% higher than 2009. 

"In 2010, we invested significantly in our sales and business development team. The result was tremendous growth both in new customer acquisition and continued investment in additional licenses by our install base," stated Subhash Tantry, CEO at FoxT. "As well, through product development and partnerships, we expanded the scope of our Enterprise Access Management solution suite by providing greater connectivity to the IT ecosystem including the front-end directories and identity management systems and the back-end log consolidation and reporting systems, which also contributed to our record breaking year." 

"We continue to see our current customers making strategic decisions for FoxT Enterprise Access Management solutions to be their world-wide corporate standard, a real vote of confidence for our products and strategic vision," stated Robert Yusin, VP of World-Wide Sales at FoxT. "As well, our product development in the area of compliance-specific report sets for SOX, HIPPA, PCI and FERC/NERC was also well received by the marketplace, since along with operational excellence and improved security, one of the key drivers of access management and privileged account controls continues to be simplified achievement of regulatory compliance."

The FoxT ServerControl and FoxT ApplicationControl solutions enable organizations to rapidly implement centralized administration, contextual authentication, granular authorization, and consolidated audit reports across their diverse server and business application environments. The ability to centrally control delegation for privileged users at the operating system level as well as the ability to control business user access to applications enables organizations to secure more of the IT stack and further simplify regulatory compliance. 

"I am very encouraged by the performance levels we achieved in 2010 and the continued uptick in customer activity levels," stated Gary Sanders, CFO at FoxT. "A second year of profitability is a very significant milestone for our organization. FoxT's investment in product development combined with our solid sales and business development team has us well positioned for continued profitable growth in 2011."

About FoxT

FoxT protects corporate assets with an enterprise access management solution that centrally enforces granular access entitlements, in real-time, across operating systems and business applications on any networked device. The ability to proactively administer, authenticate, authorize, and audit access across diverse platforms, down to the file and device level, enables organizations to greatly reduce compliance and audit costs, streamline IT security administration, and protect corporate value by mitigating the risk of insider fraud. Headquartered in Mountain View, California, FoxT serves Global 1000 customers in 32 countries. For more information -- www.foxt.com or email sales@foxt.com.

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