Trade News | 29 Jul 2010 :
Credant Technologies, a specialist in endpoint data protection solutions, has announced exceptional growth in the first six months of 2010 - driven by new partnerships with Dell, LANDesk, and Cisco Systems.
Based on the productivity of its new partner relationships and robust product suite, the management team looks forward to a strong 2010
Financial highlights for the first half of 2010 include:
• 49% increased revenue against the first half of 2009
• 89% of its Q2 software licence revenue is derived from new customers
• solid pipeline of new opportunities for H2 2010
• 60% month-on-month growth in new partner-driven sales pipeline
• over 95% customer renewals
Credant Founder and CEO Bob Heard notes: "We are truly delighted to be announcing such strong YTD growth and financial results, and it confirms our faith and optimism that our customers see solid business value in our team's specialised expertise and our portfolio of products."
"We wouldn't be able to achieve these results without the tireless efforts and strong commitment of our team and the strength of our industry partners, whose sales momentum is growing strongly month over month. It's their continued diligence to deliver excellence to our clients that ensures data protected by Credant remains secure."
Adding a cautionary note, Heard said this was no time to be complacent. "The headlines are continuously full of stories of data breaches, and while these continue our work is not done."
"We will continue to expand our partnerships and our product portfolio to protect corporate data on new devices coming onto the market and make sure the world understands the risks that lapsed security poses to sensitive corporate data."