SOURCE: Reconnex

July 15, 2008 08:00 ET

Reconnex Posts Record Results in 1H 2008

DLP Provider Experiences Tremendous Customer Growth, Adds Strategic Partnerships, and Garners Industry Recognition

MOUNTAIN VIEW, CA--(Marketwire - July 15, 2008) - Reconnex, a leader in information data loss prevention (DLP) appliances, today announced the results of an extraordinary first half of 2008, with a 50 percent increase in protected users since December 2007 and more than 100 percent growth in the financial, healthcare and government markets. The company's traction is built through key partnerships and channel outreach, and Reconnex was evaluated and acknowledged for its technology by analyst firms Gartner and Forrester Research.

"At Reconnex, we are committed to providing our customers with the best in proven appliance-based data loss prevention technology," said John Peters, CEO of Reconnex. "Our continued growth, industry recognition, and increased general market awareness is recognition for our winning technology, and we believe it is also reflected by both the Gartner Magic Quadrant and Forrester Wave™: Data Leak Prevention, Q2 2008 reports. Our success positions Reconnex on a solid foundation from which we can build on for years to come."

Included among the many first half 2008 milestones for Reconnex are:

-- Fifty percent increase in protected users since the introduction of Reconnex 7.0 in December 2007

-- Doubling of market share in financial, healthcare and government sectors including addition of Advancial Federal Credit Union, BillMeLater, Airline Reporting Corporation, and LendingTree, among others

-- Successful channel initiatives incorporating partners, customers and sales teams with Reconnex Data Loss Profiler

-- Positioned in the Leaders Quadrant in the "Content Monitoring and Filtering and Data Loss Prevention Magic Quadrant" by analyst firm Gartner

-- Named a top leader in the June 2008 Forrester Wave™: Data Leak Prevention, Q2 2008 Report

-- CRN has identified Reconnex as an Emerging Vendor in the Channel for 2008

Additionally, Reconnex added significant risk management technology to its product line up. Major technology improvements and upgrades included the rollout of the Reconnex-Titus Labs integrated solution and the incorporation of automated encryption tools. Reconnex also announced the new Data Loss Profiler, addressing C-level priorities of understanding data risks and tuning data loss prevention (DLP) rules.

Traditional DLP solutions require a significant amount of investment in time and effort to identify what sensitive information needs protection and then to craft and test the appropriate information protection policies. Reconnex DLP solutions are based on a turnkey appliance that continuously and automatically indexes all content leaving the network, not just content known to violate defined policies. This searchable content database can then help organizations tune policies in real-time, conduct reactive investigative searches, and gain insights into previously unknown potential information risks. These capabilities allow Reconnex to reduce the time and effort to deploy DLP solutions, while also simplifying day-to-day operations and incident remediation.

About the Magic Quadrant

The Magic Quadrant is copyrighted 2008 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Reconnex

Reconnex is the leader in data loss prevention appliances, which are designed for any organization -including enterprises, government agencies, or educational institutions-that wants to protect its brand, maintain compliance, or secure sensitive information. Reconnex delivers a patented learning application that allows organizations to quickly identify their sensitive data, their business process, and gain better insight into risk. A privately held company based in Silicon Valley, Calif., Reconnex protects information for over 1.5 million users today. For more information about Reconnex, please visit www.reconnex.net or call 866-940-4590.

Contact Information

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