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Credant Announces Record Growth for 3rd Quarter

Experts in Data Protection See Increased Global Reach and Partner Activity with Expanded Data Protection Platform

ADDISON, Texas--(BUSINESS WIRE)-- Credant Technologies, the trusted experts in data protection, today announced a record breaking third quarter, further positioning the company for continued growth across key markets. Based on the execution of its 2012 plan, Credant has seen marked increases in new customers and sales momentum while maintaining its strong customer retention.

Organizations and their IT departments are facing enormous security challenges brought on first by the adoption of Bring Your Own Device (BYOD) and mobility, and more recently with increased use of public clouds. With more than ten million endpoints protected worldwide, Credant’s platform continues to provide companies with the ability to protect data wherever it is located – laptops, smartphones, tablets, removable media or private and public cloud infrastructures.

Credant’s third quarter 2012, compared to its performance in the same quarter in 2011, saw the following increases:

  • 112 percent growth in new customers,
  • 49 percent growth in software bookings, and
  • 95 percent retention rate of current customers

Tweet this: @Credant posts record-breaking Q3 2012, with expanded global reach, new partners and expanded offerings #dataprotection. #encryption. http://bit.ly/T5RCIr

Expanded Worldwide Partner Program Showing Results

Launched in 2012, Credant’s partner program allows OEMs (original equipment manufacturers), VARs (value added resellers), system integrators and security consulting firms to offer data protection solutions to customers and prospects. In addition to adding new partners in the US and EMEA, the Credant partner program has expanded to APAC and most recently Latin America. Credant continues to demonstrate a strong commitment to partner success, providing best-in-class data protection solutions to their customers.

Continued Product Advances in Data Protection

Protecting sensitive and confidential data is the core of Credant’s value proposition. The most recent Gartner Magic Quadrant for Mobile Data Protection recognizes Credant as a visionary, based upon the firm's innovative functionality and broad platform support. Credant released Credant Enterprise Edition 7.3, protecting data stored on removable media and OPAL-compliant Self-Encrypting Drives (SEDs), allowing enterprises to be confident their sensitive data is secure.

The company continues to extend its Data Protection Platform, offering organizations control of their information across devices, and is primed to release its cloud protection and mobile device security solutions in early Q4.

“Our history of delivering products and technologies that protect data across its lifecycle has positioned the company for record growth as companies struggle with quickly changing business and computing models,” said Bob Heard, CEO and founder, Credant Technologies. “Today’s data security market and the need to protect data wherever it is accessed or stored, validates Credant strategy and underlying technology.”

About Credant Technologies

Credant Technologies is the trusted expert in data protection. Founded in 2001, Credant’s solutions comprehensively address the leading enterprise security issues of controlling, managing and protecting data located on desktops, laptops, smart phones, removable media or private or public cloud infrastructures. Credant Technologies’ flagship product, Credant Mobile Guardian, offers the broadest range of integrated enterprise solutions. Investors are Austin Ventures, Menlo Ventures, Crescendo Ventures, Cisco Systems (NASDAQ:CSCO), and Intel Capital (NASDAQ:INTC). For more information, visit www.Credant.com.

Schwartz MSL
Nina Gill and Paul DiPerna, 781-684-0770
Tommy Owens, 415-512-0770
Credant@SchwartzMSL.com

Source: Credant Technologies