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Secure Passage Reports 80 Percent Revenue Growth for 2009 and 50 Percent Growth in Its Customer Base in the Firewall Management Market
Managed Security Service Providers and Global Industry Leaders in the Airline, Automotive, Financial, and Technology Industries Validate Secure Passage's Leadership Position
| Source: Secure Passage
OVERLAND PARK, KS--(Marketwire - January 21, 2010) - Secure Passage, the
leading provider of firewall and network device policy management
solutions, today announced a record-breaking year with strong growth in
both Europe and the Americas. During one of the economy's most difficult
years, the company's sales revenue for fiscal year 2009 grew 80 percent and
its customer base increased 50 percent over 2008. More than 30 percent of
revenue was from Managed Security Services Providers (MSSPs) that chose the
company's flagship product, FireMon, to
capitalize on the growing demand for managed firewall services. Secure
Passage's record growth rate proves that despite the recessionary economy,
enterprises and government agencies are purchasing effective firewall
management solutions in order to protect against cyberthreats, achieve
compliance and improve operational efficiency.
New customers added in 2009 include companies representing major U.S. and
international organizations from the airline, automotive, financial, and
technology industries. In addition, Secure Passage signed a
single deal to manage more than 10,000 devices with one of the world's
largest technology companies -- further validating the firewall management
market's continued growth.
Furthering its commitment to innovation and industry standards, Secure Passage joined
the PCI Security Standards Council in 2009 as a new Participating
Organization; this role enables Secure Passage to stay at the forefront of
regulations and provide feedback on standards.
"Even with the tough economy in 2009, we achieved our aggressive goals.
This was due to excellent customer service and rapid delivery of innovative
new products and releases that produce an immediate ROI for our customers,"
said Jody Brazil, co-founder and president of Secure Passage. "We had a
record-breaking year filled with successes and are positioned for continued
growth worldwide in 2010. The demand for our solutions will become even
greater as overburdened security teams turn to our solutions to more
efficiently manage their security operations."
2009 Highlights
New Secure Passage Firewall Auditor Adopted by 175 Customers in First Month
Hundreds of organizations in search of a better way to manage their
firewalls downloaded Secure Passage's Firewall Auditor the first month it
was available. A free application, Firewall Auditor enables administrators
to quickly and easily audit firewall configurations to ensure they are
enforcing security and compliance regulations. More than 175 of the
organizations that downloaded the application are now actively using it to
conduct Payment Card Industry Data Security Standard (PCI DSS) audits. This
early and significant adoption rate demonstrates a strong need for improved
firewall management.
FireMon eVolution (5.0) Turns Firewalls Back Into Network Security Devices
In response to the growing demand for innovative firewall management, Secure Passage launched
FireMon
eVolution (5.0). The industry's first firewall management solution to
provide a comprehensive and integrated set of features, FireMon eVolution
now includes three industry firsts: rule lifecycle documentation, traffic
flow analysis, and a PCI DSS compliance reporting framework. The launch of
FireMon eVolution was a driving force behind Secure Passage's elevated
sales in 2009 and catapulted the company above its competitors as the
preferred provider of firewall and network device policy management
solutions.
New Service Provider Distribution Channel Paves the Way for Increased
Market Penetration and Revenue
Secure Passage's flagship solution, FireMon, has
rapidly become the technology of choice for MSSPs that are building or
growing managed firewall service offerings. These service providers choose
FireMon to fulfill customer demand for complete visibility into the
security and compliance posture of their many firewalls, provide an easier
way to ensure PCI DSS compliance, and provide policy optimization that
improves firewall security and performance.
Market Validation
In October 2009, FireMon
received the top rating in the Support, Documentation and Performance
categories -- five out of five stars -- in an SC Magazine product review.
This achievement offers more proof that well-respected industry watchers
recognize FireMon as a powerful security and compliance solution.
"Secure Passage's performance in 2009 clearly positions us as the market
leader in the firewall management marketplace," said Brazil. "We will
continue to execute on our vision to provide our customers with solutions
that simplify complex security management by enabling greater visibility,
control and security."
About Secure Passage
Secure Passage is the leading
provider of firewall policy, risk, and compliance management 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 35,000 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.