SOURCE: Secure Passage

October 20, 2009 06:00 ET

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

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.

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