ExaProtect Enjoys Strong Growth in 2006, More Than Doubling Revenues
Company Predicts Further Expansion in 2007 as It Builds Unique Market Position and SIEM Sector Becomes Mainstream With Corporates
MOUNTAIN VIEW, CA -- (MARKET WIRE) -- January 10, 2007 -- ExaProtect, a leader in intelligent
security management, has enjoyed its most successful year to date in 2006,
with international sales revenues up by an estimated 115% from 2005.
ExaProtect also acquired leading security policy management vendor Solsoft,
of Mountain View, in October, giving it a unique position in the security
market.
ExaProtect says the strong demand for its solutions is driven by companies
looking to better manage their overall IT security infrastructure, against
growing pressures from stakeholders and regulatory bodies. This growth and
market potential helped the company to secure strong funding from
specialist technology investors in July.
ExaProtect acquired Solsoft in a strategic move to extend its security
management capabilities and expand its presence in the US and European
markets. The company is integrating Solsoft technology into its solutions,
making it the only vendor to deliver a holistic, intelligent security
dashboard combining security event management, security policy change
management and real-time remediation. This simplifies customers' overall
security management, enhances threat response and maximizes return on
security investments.
Leading analysts agree that customers will demand security information &
event management (SIEM) solutions that integrate policy management and
remediation. Eric Domage, European Security Expert at IDC, said: "As
enterprises handle event monitoring and logging on a single security
dashboard for management and compliance, they will also want to add active
controls for real-time remediation and risk mitigation."
ExaProtect CEO Jean-François Déchant said: "This has been a tremendous
year for the company, and one which has recognized and validated our
approach to simplifying and unifying security management. The investments
we have secured and the acquisition of Solsoft have enabled us to rapidly
grow in key international markets, and to create a unique market
proposition. With development of our next generation of products well
advanced, we will be the first and only vendor to meet demands for holistic
security management that supports a 'View & Do' approach."
In a recent report, Gartner stated that it expects investment in SIEM
solutions will accelerate as organizations vie to strengthen corporate
security. SIEM was the second fastest growing segment in the security
software market in 2005/6. Datamonitor confirms this growth, and predicts
rising demand for SIEM will drive a 35% CAGR in the sector over the coming
years, helping revenues hit an estimated $575m globally in 2008.
Earlier in 2006, ExaProtect's innovation and strong market proposition were
publicly recognized by two leading industry observers. The company was
named as a Gartner "Cool Vendor" for 2006, and was also named in the Red
Herring Top 100 Europe Awards, which rewards companies for their innovation
in technology and excellence in business strategy.
About ExaProtect
Intelligent security management
ExaProtect is a unique global player in the information security
marketplace, offering a complete start-to-finish security management
solution. Our powerful integrated 'View & Do' approach is of great benefit
to our 300+ existing customers, who include many Fortune 500 enterprises,
international telecommunications companies and government organizations.
Our technology empowers you to meet the increasing demand for unified
control of multi-vendor network and security systems, whether your goal is
to raise information security levels, demonstrate compliance, and/or
improve operational efficiency.
Our US headquarters is based out of Mountain View, California, and our EMEA
headquarters is based out of Paris, France. With seven offices worldwide,
we deliver a global solution.
For more information and local contact details, please visit:
www.exaprotect.com
Contact Information: Press Contact:
Victor Cruz
(508) 655-4397
vcruz@mediapr.net