SOURCE: Fox Technologies, Inc.

Fox Technologies, Inc.

July 14, 2010 08:00 ET

FoxT Announces Record New Business Bookings for First Half of 2010

Year-to-Date New Business Bookings Have Grown More Than 300% Compared to the Same Period in 2009

MOUNTAIN VIEW, CA--(Marketwire - July 14, 2010) -  Fox Technologies, Inc., a leading provider of enterprise access management solutions, today announced that in addition to achieving profitability in 2009, increased demand for privileged account management enabled them to achieve significant growth in business for the first half of 2010. Year-to-date, new business bookings have grown to more than 300% compared to the same period in 2009. 

"We continued to see strong demand for our innovative and comprehensive Enterprise Access Management solutions through the first half of 2010," stated Subhash Tantry, CEO at FoxT. "Because organizations need scalable, proven solutions that simplify regulatory compliance, increase protection against insider fraud, and reduce IT administration costs, FoxT is well positioned to successfully execute on a transformative strategy aimed at aggressive growth in revenues and profitability. Our recent announcement regarding new sales and business development leadership is part of this strategy to accelerate growth." 

FoxT ServerControl and FoxT ApplicationControl 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 access down to the file level enables organizations to secure more of the IT stack and further simplify regulatory compliance. 

"I am very encouraged that we continue to achieve profitable growth," stated Gary Sanders, CFO at FoxT. "With investments in business development and sales leadership and innovative products that demonstrate strong ROI and compelling business value around securing corporate data assets, we are well positioned for continued increases in bookings through the second half of 2010."

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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