SAN JOSE, Calif., Jan. 27, 2015 /PRNewswire/ -- Vormetric, a leader
in enterprise data security for physical, big data, public, private
and hybrid cloud environments, today announced 28% year-over-year
growth in revenues for 2014, with accelerated growth in the second
half of 2014 at 32% year-over-year growth. Second half growth
exceeded by four times the 2014 Security Software Market growth
forecast by Gartner for 2014. The company attributes its growth to
strong data security platform product offerings, continued new
customer acquisition, extended penetration within its existing
customer base and greater market recognition of the need to protect
data across enterprises' internal, cloud and SaaS
implementations.
<ClicktoTweet>: Growing at 4X the 2014 Security
Software Market rate @Vormetric #DefenderOfData
http://bit.ly/1bJlGZc
"Enterprises are fundamentally realigning their IT security
postures to support new technology environments like cloud, SaaS
and big data, to offset enhanced threats and to meet increasingly
strict compliance and legal standards," said Alan Kessler, Vormetric's president and
CEO. "The result is a new focus on protecting data, wherever
it resides, and our solutions provide critical defenses and
security controls needed to help meet these needs."
Additional Vormetric business highlights for 2014 include:
- Cloud Expansion: Key cloud partnerships with Rackspace,
IBM Cloud Marketplace and Google that greatly enhance cloud
go-to-market opportunities.
- Big Data Expansion: Vormetric has become the
data-at-rest protection partner of choice for big data, and added
expanded relationships with industry leaders Couchbase, DataStax,
Hortonworks, and MongoDB.
- Product Expansion: The launch of Vormetric Application
Encryption on the Vormetric Data Security Platform, extending the
platform with powerful capabilities for encrypting data within
enterprise and web applications.
- Channel Expansion: An enhanced, multi-tier channel
program for partners, reflecting a doubling in channel sales by
Vormetric over the past two years and positioning channel partners
for success and growth.
- Global Expansion: Began operations in Germany, Australia and Singapore while also increasing international
presence through new distribution relationships with AZM in Japan
and M-Tech in the Asia-Pacific Region.
- Awards and Thought Leadership: Vormetric Transparent
Encryption won the SC Magazine Award for Best Encryption Solution.
The Vormetric Data Security Platform won the Best of VMworld Gold
Award for Security and Compliance in Virtual Environments.
Vormetric was named to the Deloitte Fast 500 for the second year in
a row.
- The 2014 Vormetric Insider Threat Report: European and
Australian editions detailed the results of a survey encompassing
more than 800 IT decision makers about issues concerning insider
threats and compromises of insider credentials
"2014 was also another year of continued record data breach
news," added Kessler. "Our recent 2015 Vormetric Insider
Threat report showed that enterprises of all types have fundamental
problems in meeting their data security requirements – with 40%
globally experiencing a data breach or failing a compliance audit
in the last year. Our enterprise-ready data security platform
products are proven solutions that protect data-at-rest, help
organizations meet compliance mandates and reach past simple
compliance to actively identify and combat attacks on their
data."
About Vormetric
Vormetric (@Vormetric) is the industry
leader in data security solutions that protect data-at-rest across
physical, big data and cloud environments. Vormetric helps over
1500 customers, including 17 of the Fortune 30, to meet compliance
requirements and protect what matters — their sensitive data — from
both internal and external threats. The company's scalable
Vormetric Data Security Platform protects any file, any database
and any application's data —anywhere it resides — with a high
performance, market-leading solution set.
Logo -
http://photos.prnewswire.com/prnh/20130626/SF38541LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/vormetric-reports-28-year-over-year-growth-for-2014-300026028.html
SOURCE Vormetric