SOURCE: Secure Passage

Secure Passage

April 15, 2009 06:00 ET

Secure Passage Announces Strong First Quarter Revenue Results for Automated Security Analysis and Compliance Solution; Expands Customer Base With Key Wins

Quarter Highlights Include: 161 Percent Revenue Growth Over Q1 2008; New Customers in Finance, Government, Telecommunications, Manufacturing, and Technology; New Version Release; and Results of Survey on the Impact of Firewall Policy Complexity

OVERLAND PARK, KS--(Marketwire - April 15, 2009) - Secure Passage, the leading provider of automated security analysis and compliance solutions for firewalls, routers and switches, today announced strong results for the first quarter of 2009 for sales of its flagship solution, FireMon. FireMon is the industry's only fully automated configuration change monitoring, analysis and auditing solution that reduces complexity and the cost of security and compliance. Secure Passage experienced an increase of 161 percent in global sales revenues over the first quarter of 2008. More than 200 enterprise and government customers are now using FireMon to analyze configuration changes on more than 25,000 distributed network devices. In addition to these substantial growth numbers, Secure Passage bolstered its leadership with the appointment of industry veteran, pioneer, inventor, and company co-founder Jody Brazil to the position of president and CTO.

A driving force behind demand for Secure Passage's solution in a struggling economy continues to be enterprises' need to do more with less. Simultaneously, companies are being forced to address new compliance pressures with data protection laws and regulations (including PCI DSS, HIPAA, and Basel), as well as evolving security threats. These factors are forcing organizations to implement automated analysis solutions that reduce operational costs and complexity while raising security and compliance postures for increasing numbers of network security devices.

Customer Momentum

Direct and channel resellers continued to supply demand for FireMon from markets in the Americas, EMEA and APAC regions. Marquee customers added during Q1 '09 include a leading provider of voice, video and data services across America and the world; an international supplier of industrial goods and prefabricated housing; an international provider of software and services; and several retail banking institutions. Secure Passage's direct sales team and its channel partners secured these key wins.

"Secure Passage is continuing to experience strong demand for its automated security analysis and compliance solution for firewalls, routers and switches. Enterprises and government agencies are facing the reality that understanding network security device configurations is a pivotal part of network security and compliance, and that automation is key to lowering costs," said Jody Brazil, Secure Passage co-founder, president and CTO. "Our solution, FireMon, provides the information needed to ensure security and prove compliance so customers not only lower the overall costs of security and compliance, they also reduce complexity and gain full confidence in their network security devices."

Product Innovation

The launch of FireMon 4.2 was a driving force behind bolstered sales in the first quarter. Secure Passage's automated approach to monitoring and analyzing configuration changes in network security devices, scalability, extensibility, and policy and device optimization capabilities position FireMon well ahead of any competitors as the preferred monitoring and analysis solution available today.

Thought Leadership

Secure Passage's survey on firewall policies asked 253 IT network, firewall and security representatives from Fortune 1000 companies about the security, compliance and performance implications of policy complexity. Although survey respondents acknowledged that firewall policies are overly complex and that their IT teams need help dealing with this issue, too few organizations understand the full impact of the problem. The survey revealed that poor firewall management practices lead to security gaps, compliance violations, substandard firewall performance, and premature device purchases. The survey also revealed that although organizations are experiencing more compliance and security challenges due to increasing firewall policy complexity, few know about solutions or have access to resources that can address these challenges. The survey results are available at www.securepassage.com.

About Secure Passage

Secure Passage is the leading provider of security analysis and compliance solutions that simplify and automate the analysis of configuration and change management processes to enhance security, optimize performance, and speed compliance reporting. The company's flagship product, FireMon, analyzes changes and performs audits in real time, simplifies policy management, and enforces configuration governance across firewalls, switches, routers, and other network devices. FireMon is the only solution on the market that can be customized to meet the unique audit and compliance reporting requirements for networks of all sizes while enabling IT organizations to do more with less effort. Enterprise-strength deployments of FireMon around the world support more than 25,000 security devices from vendors such as Cisco, Juniper, Check Point, and McAfee. For more information, visit www.securepassage.com.

FireMon and the FireMon logo are registered trademarks of Secure Passage, LLC. All other products or company names mentioned herein are trademarks or registered trademarks of their respective owners.

Contact Information

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