SOURCE: Tripwire

July 08, 2008 09:05 ET

Tripwire Signs Five-Year Lease With One Main Place in Downtown Portland

Industry Leader to Stay in Urban Core While Accommodating Rapid Growth

PORTLAND, OR--(Marketwire - July 8, 2008) - Tripwire, the leading provider of configuration control for virtual and physical infrastructures, has signed a five-year lease to relocate its Portland headquarters to One Main Place downtown, from its current location in the Historic U.S. Bank Block.

Tripwire will occupy 36,000 square feet in its new facility. Committed to doing business in Portland's urban core, Tripwire sought the new downtown facility to accommodate its rapid growth. The company employs 226 people worldwide, with 155 coming to work at its Portland headquarters. It saw 15 percent growth in its employee base in 2007, and 29 percent revenue growth over 2005.

"Tripwire's continual leadership and strength in the marketplace have resulted in phenomenal growth, and moving to a larger facility was critical to ensuring we can still do business efficiently," said Tripwire President and CEO Jim Johnson. "We are very pleased that we are able to accommodate that growth while renewing our commitment to doing business downtown."

Tripwire was founded in 1997, and its headquarters have been situated in downtown Portland for eight years. It has been recognized as a worldwide leader in the IT security software space, and as one of the major players in Portland's tech sector. In June, Tripwire was ranked 59th on Portland Business Journal's Fastest Growing Private 100 Companies list. In May, Inc. magazine's Initiative for a Competitive Inner City recognized Tripwire -- for the fourth time since 2004 -- as one of the 100 fastest growing companies doing business in an urban center.

About Tripwire, Inc.

Tripwire helps over 6,000 enterprises worldwide reduce security risk, attain compliance and increase operational efficiency across virtual and physical environments. With its industry leading configuration assessment and change auditing software solutions, IT organizations achieve and maintain configuration control. Tripwire is headquartered in Portland, Ore. with offices worldwide.

©2008, Tripwire, Inc. Tripwire is a registered trademark of Tripwire, Inc. All other marks are property of their respective owners. All rights reserved.

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