Security Product Watch, August 24, 2010

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All-in-all, it seems 2010 is shaping up to be a banner year for the security sector--at least for those playing their cards right.

Data protection vendor Voltage Security announced Tuesday that, as of the first half of its fiscal year, it has achieved record revenues with 64% year-over-year revenue growth.

“We continue to see strong demand for our data protection solutions including accelerating demand for large-scale deployments of Voltage SecureMail and increasing traction for Voltage SecureData for both enterprise-wide and payment-specific deployments,” said Sathvik Krishnamurthy, president and CEO of Voltage Security in a press release.

With identity theft and data breaches on the rise, it’s no surprise that an “identity theft protection” outfit is rapidly growing. LifeLock celebrated on Tuesday its position as Number 8 on Inc. magazine’s 29th Annual Inc. 500/5000 List, a ranking of the nation’s 5,000 fastest-growing private companies. LifeLock also took home the top spot in the Security category--no small feat.

This is an enormous milestone in the history of our organization,” said Todd Davis, LifeLock Chairman and CEO in a press release. “I truly see this recognition as a testament to our employees’ never-ending commitment to provide consumers with the means necessary to help fight the fast growing crime of identity theft. Despite a down economy, the pressure of creating an industry and unwanted distractions, we have been able to stay focused on our overall mission and deliver the most innovative products and world-class customer service.”   

Also making the list, security vendor M86 Security, which focuses on real-time Web and email threat protection. It landed at number 1230.

“The integration of intellectual, technical and organizational capital has helped propel our company to the forefront of its industry,” said John Vigouroux, CEO, M86 Security in a press release Tuesday. “It is gratifying to be recognized for our efforts and solutions, which have helped thousands of organizations around the world over the years. Additionally, we are extremely proud that our financial achievements are being lauded with our revenue increasing 242% in the last three years.”

(You can Follow M86 Security on Twitter at: http://twitter.com/M86Security.)

Other security vendors making the list include:

#16 Ciphent (“cyber security solutions to commercial, federal and global organizations”)

#18 Foreground Security (“information security through consulting, training, and services to government agencies and private sector organizations”)

#21 NetWitness (“technology products, which combat advanced cyber-security threats”)

#116 Anakam (“identity verification software for use in health care, government, finance, and e-commerce”)

View the full list here.

 In other news...

HID Global announced Tuesday the expansion of its trusted access control solutions to include secure print authentication.

“Our customers are all feeling pressure to meet the demands for social responsibility and accountability while saving money. Controlling document printing is a very simple way for them to ensure regulatory compliance, minimize costs associated with printing and reduce their overall carbon footprint,” said Debra Spitler, vice president of HID Connect at HID Global in a press release. “For companies with an existing investment in Genuine HID cards and readers, adding on secure printing is a smart decision. Organizations can reduce the amount of paper and energy they use and save on average of $150 to $250 per employee per year. This really adds up.” 


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