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Secure Passage Announces Strong Third Quarter Results for Automated Security Analysis and Compliance Solution, Expands Customer Base With Key Wins
Quarter Highlights Include 219 Percent Revenue Increase Over Q3 2008; New Customers in the Airline, Automotive, Financial, and Technology Industries; New Version Release; and Strong Endorsement From SC Magazine Review
| Source: Secure Passage
OVERLAND PARK, KS--(Marketwire - October 20, 2009) - Secure Passage, the
leading provider of firewall and network device policy management
solutions, today announced strong sales results for the third quarter of
2009 for its flagship solution, FireMon.
FireMon is the industry's only fully automated configuration change
monitoring, analysis and auditing solution that reduces complexity,
decreases the cost of security, and ensures compliance. Secure Passage
experienced an increase of 219 percent in global sales revenue over the
third quarter of 2008, making Q3 2009 one of the best quarters in the
company's history. Year-to-date, the company has experienced an increase of
175 percent over the same period in 2008. In addition, Secure Passage
received a strong endorsement from SC Magazine in a recent product review
of FireMon eVolution (5.0), the company's newest version of FireMon.
Despite the dwindling economy, the demand for Secure Passage's solutions
continues to grow because enterprises who are being forced to address
ever-growing security threats and compliance pressures from data protection
laws and regulations such as the Payment Card Industry Data Security
Standard (PCI DSS), the Health Insurance Portability and Accountability Act
(HIPAA), and Basel II understand they need to do more with fewer resources.
As a result, organisations are turning to automated analysis solutions that
reduce costs and complexity while increasing security and compliance for
network security devices.
Customer Momentum
During Q3 2009, Secure Passage's channel partners continued to supply
customer demand for FireMon from major markets including the Americas, EMEA
and APAC. Recent new customers include major U.S. enterprises in the
airline, automotive, financial, and technology industries. All of these
customers reviewed a number of competing products before selecting FireMon.
"Commensurate with the results of Q3 2009, we continue to see strong demand
for FireMon going into the fourth quarter. Arming security teams worldwide
with automated processes not only improves enterprises' security and
compliance but also reduces complexity and lowers costs in an unrelenting
economy," said Jody Brazil, Secure Passage president and CTO. "FireMon's
automated features give enterprises the ability to deliver ROI and allow IT
security teams to accomplish more with less."
Product Innovation
The launch of FireMon eVolution (5.0) in July was a driving force behind
elevated sales in the third quarter. FireMon eVolution is the industry's
first firewall management solution to provide a comprehensive and
integrated set of features that now includes three industry firsts: rule
lifecycle documentation, traffic flow analysis, and a PCI DSS compliance
reporting framework. FireMon
eVolution provides organisations with the level of information they need to
make confident decisions that turn firewalls back into high-performance,
risk-reducing security devices that facilitate the smooth flow of network
traffic and ensure compliance with major industry regulations such as PCI
DSS. The new version puts Secure Passage well ahead of its competitors as
the preferred provider of automated monitoring and analysis solutions.
Long-time Secure Passage customer FHLBanks upgraded to FireMon eVolution
after receiving excellent results from earlier versions. The deciding
factor to upgrade was the new traffic flow analysis feature, which enables
firewall managers to receive a higher level of analysis that lets them
improve firewall performance and build better security policies.
In addition to FHLBanks, an IT department of one of the largest cities in
the United States upgraded to FireMon eVolution based on the exceptional
results provided by previous versions. This organisation also expanded its
FireMon deployment to manage additional new devices with complex policies.
Firemon eVolution provides the organisation with extensive policy
management and maximised security while minimising policy complexity for
all of its devices.
In addition to customers, industry watchers have recognised FireMon
eVolution's value. A product review in the October issue of SC Magazine
gave FireMon eVolution five out of five stars in the Support, Documentation
and Performance categories. Seasoned industry reviewer Mike Lipinski
summarised FireMon's ability to support compliance with the following
statement: "We were very impressed with the out-of-the-box compliance
reports, including PCI analysis and risk reporting, such as risky rule
analysis. The out-of-the-box capabilities are also complemented by the
users' ability to add custom policy reports based on specific policy
requirements or unique compliance or analysis requirements."
PCI Security Standards Council Membership
In August, Secure Passage joined the PCI Security Standards Council as a
new Participating Organisation, making the company part of a growing
community that now includes more than 500 organisations. As a Participating
Organisation, Secure Passage will work with the council to evolve the PCI
DSS and other payment card data protection standards. Membership in the
council gives Secure Passage access to the latest payment card security
standards from the council and the ability to provide feedback on the
standards. In an era of increasingly sophisticated attacks on systems,
adhering to the PCI DSS represents an entity's best protection against data
criminals.
About Secure Passage
Secure Passage, the
leading provider of firewall and network device policy management
solutions, is dedicated to providing better security through better
management. Secure Passage solutions empower information security teams,
enabling them to reduce policy complexity, maximise security, and achieve
compliance. Hundreds of global enterprises and government agencies with
thousands of firewalls and network devices rely on FireMon -- Secure
Passage's customisable, scalable flagship product -- to ensure their
networks remain free from interruption and available for secure business
transactions at all times. FireMon supports all major firewall and network
devices, including those from 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.