SOURCE: Fox Technologies, Inc.

Fox Technologies, Inc.

July 18, 2011 08:00 ET

FoxT Announces Record Revenue for the First Half of 2011

Significant New Customer Acquisition and Continued Growth in the Install Base Delivers the Most Successful First Half in the Company's History

MOUNTAIN VIEW, CA--(Marketwire - Jul 18, 2011) - Fox Technologies, Inc. (FoxT), a leading provider of enterprise access management solutions, today announced that strong demand for privileged identity and access management enabled them to deliver the most successful first half in the company's history. FoxT's first half 2011 revenue, the highest in the company's history, was 104% higher than first half 2010.

"Our on-going investments in a highly experienced, global sales team continue to pay-off," stated Subhash Tantry, CEO at FoxT. "As well, we are achieving our objectives of developing the strategic partnerships and product capabilities needed to facilitate connectivity to directories and identity management systems and back-end logging systems. Greater connectivity with the IT ecosystem enables us to offer a holistic approach to identity and access management, and the highest levels of operational excellence."

"With insider fraud making headlines, and regulatory compliance requiring robust control over user access to servers and data, we are finding that privileged access management is a high priority for organizations," stated Robert Yusin, VP of World-Wide Sales at FoxT. "We had an excellent first half, and I believe that our emphasis on product innovation and strategic partnerships, combined with continued investments in our sales team, will enable us to maintain our growth trajectory."

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.

"It is encouraging to see continued profitable growth and a solid uptick in customer activity levels and bookings," stated Gary Sanders, CFO at FoxT. "With on-going investments in the sales team 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 and revenue through the second half of 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 operating system resource 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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