Solid 30 Percent Year-Over-Year Revenue Growth, Key Customer and Partner Wins Drive Strong 2008 Year End Results
Scottsdale, Ariz. (PRWEB) February 4, 2009 -- Despite an economic environment that has proven to be a challenge for businesses large and small, the high-tech industry continues to be a particularly challenging one in which to compete. Despite the current economic environment, Lumension Security, Inc., the global leader in security management, announced today that the past year has been a successful one, dotted with important customer wins in the US and beyond, key industry accolades and critical nods of approval from the industry analyst community. In tandem with that, the company also unveiled its new brand identity which better conveys its value proposition to IT security and IT operations professionals. These two disparate groups, as Lumension has found, need to better unify their efforts to thwart data theft in 2009, a year in which cybercrime has already been predicted to be on the upswing.
Key Customer Wins in 2008 Expand Lumension's footprint in the US and EMEA: Lumension closed 2008 with 30% year-over-year revenue growth, securing key customer and partner wins that effectively expanded the company's presence globally.
Key partner wins - in addition to an already strong partner ecosystem - included: PGP Corporation, Configuresoft, and KACE. Key customer wins in 2008 included: Seattle Children's Hospital, Sundt and the New Mexico Department of Health.
Industry Accolades Highlight Lumension's Consistent Growth: For Lumension, 2008 marked a year for solid growth as evidenced by key award wins where revenue strength played an important role. Key accolades included:
• Deloitte & Touche Technology Fast 500: Lumension was named to the 2008 Deloitte Technology Fast 500, ranking 203.
• Software 500: Lumension ranked sixth among the top 10 companies in the $30 to $50 million in software revenue growth range and ranked 282 overall.
• Inc 5,000: Ranked 1,296 in 2008 as a result of the company's strong revenue growth; ranked number 20 in the top security companies on the Inc. 5,000 and number 29 out of the top 100 Phoenix-based businesses on the list for 2008.
Analyst Support in 2008 Points to Lumension's Continued Leadership in Endpoint Security: As the need to maintain a competitive advantage grows in an increasingly competitive industry environment, analyst support has become paramount to customer adoption. In 2008, Lumension received strong support from leading analyst firms including:
• IDC, which ranked Lumension as the #1 vendor in Proactive Endpoint Risk Management Vendor for four consecutive years.
• Frost & Sullivan, which awarded Lumension its Global Market Penetration Leadership Award for strong market share growth and technology innovation
New brand identity reflects the company's goal to bridge the gap between IT operations and IT security: According to a recent study by the Ponemon Institute and Lumension, there is a growing divide across two traditionally diverse groups - IT operations and IT security - especially when it comes to risk within the IT network environment. With increasing security risks to systems and data from cybercriminals and insiders, combined with decreasing IT budgets, organizations need a more holistic approach to security. This is critical to maximizing security effectiveness across these disparate groups while maintaining strong IT operating efficiencies and compliance requirements.
Lumension understands the importance of bridging the gap that exists between these groups through a single consolidated, scalable and effective technology solution that works across both groups to optimize security and achieve success in this tough economy. To that end, Lumension recently unveiled a new brand strategy that uniquely positions the company and its offerings across the areas of IT operations and IT security. Lumension's "Optimal Security" approach will enable organizations to optimize their security resources to mitigate the greatest amount of business risk across people, technology, and processes in order to protect the information you value most today and tomorrow.
Supporting Quote from Pat Clawson, Chairman and CEO, Lumension: "This past year has been quite a rollercoaster for the industry where a security 'perfect storm' has been brewing. The planned IT budget cuts expected and the impact of the economic downturn coupled with the increased sophistication of cybercriminals and the window of opportunity to attack is wide open," said Pat Clawson, Lumension's Chairman and CEO. "Now more than ever, enterprises need to protect themselves from attack from the outside in. Our company's performance this past year is a sure sign of our strength in the industry, and we're looking forward to continually arming our customers with the tools they need to defend themselves in an increasingly active cybersecurity environment."
Supporting Quote from C. Edward Brice, SVP Worldwide Marketing, Lumension: "In a world where nothing can be 100% secure, IT Operations and IT Security must converge in order to optimize network and security resources across people, processes, infrastructure and technology," said C. Edward Brice, Senior Vice President of Worldwide Marketing for Lumension. "While the change to our brand is subtle - going from 'Lumension Security' to simply 'Lumension' - our goal is to better convey the company's vision, strategy and brand promise to our partners and customers. This means delivering a single source of highly integrated, adaptive, scalable and effective operational security solutions that eliminate risk from technology, protect vital information, and enhance overall IT efficiency and compliance posture."
• Lumension Optimal Security Blog
• YouTube Channel
About Lumension Security, Inc.
Lumension Security, Inc., a global leader in operational endpoint security, develops, integrates and markets security software solutions that help businesses protect their vital information and manage critical risk across network and endpoint assets.
Lumension enables more than 5,100 customers worldwide to achieve optimal security and IT success by delivering a proven and award-winning solution portfolio that includes Vulnerability Management, Endpoint Protection, Data Protection, and Reporting and Compliance offerings. Lumension is known for providing world-class customer support and services 24x7, 365 days a year.
Headquartered in Scottsdale, Arizona, Lumension has operations worldwide, including Virginia, Florida, Luxembourg, the United Kingdom, Spain, Australia, India, Hong Kong and Singapore. Lumension: IT Secured. Success Optimized.™ More information can be found at lumension.com.
Lumension, the Lumension logo, are trademarks or registered trademarks of Lumension Security, Inc. All other trademarks are the property of their respective owners.
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