Award honors CEO for challenging the status quo by taking a new approach to encryption and data protection to move CREDANT into a leadership position in the security industry

DALLAS – May 27, 2008 – CREDANT Technologies®, the market leader in endpoint data protection solutions, today announced that its CEO, Bob Heard, has been named Renegade Entrepreneur for 2008 by The Indus Entrepreneurs (TiE), a global not-for-profit network of entrepreneurs and professionals dedicated to the advancement of entrepreneurship. The award was given at the TiEcon event earlier this month in Santa Clara, California.

CREDANT Technologies was formed in 2001 by Heard while he was working as an Entrepreneur In Residence (EIR) at Austin Ventures, to address what he saw as a growing threat – the loss of sensitive data on laptops and mobile devices. Heard’s ‘renegade’ approach took on the security industry status quo, with a new architecture – creating a centrally managed way IT administrators could encrypt data, using a policy-based approach, to secure against both insider and external threats.

Other winners for TiE’s 2008 Entrepreneur awards included:
Dr. H.P. Jin, TeleNav, for Most Inspiring Entrepreneur
Chet Farris, Stion, for Socially-Conscious Entrepreneur
Elizabeth Funk, Unitus, for Female Entrepreneur
Rajeev Goel, PubMatic, for Gen Y Entrepreneur

“I am honored to be recognized by TiE, along with this impressive list of fellow entrepreneurs.” said Heard, founder and CEO of CREDANT Technologies. “This award is the result of the entire CREDANT team working hard to develop an innovative product that was able to disrupt the status quo in mobile data protection, and help bring CREDANT the success it has today.”

Since 2001, CREDANT has added more than 600 enterprise customers, has sold 4.8 million licenses and has won multiple awards. CREDANT was named the #1 fastest growing security firm in the Inc 500 for 2007 and #15 overall.

About CREDANT Technologies
CREDANT Technologies is the market leader in endpoint data protection solutions. CREDANT’s data security solutions mitigate risk, preserve customer brand and reduce the cost of compliance, enabling business to “protect what matters.” CREDANT Mobile Guardian is the only centrally managed endpoint data protection solution providing strong authentication, intelligent encryption, usage controls, and key management for data recovery. By aligning security to the type of user, device and location, CREDANT ensures the audit and enforcement of security policies across all computing endpoints. Strategic partners and customers include leaders in finance, government, healthcare, manufacturing, retail, technology, and services. CREDANT has been recognized by INC magazine as the #1 fastest growing security software company and #15 overall; was selected by Red Herring as one of the top 100 privately held companies and top 100 Innovators; and was named Ernst & Young Entrepreneur of the Year. Austin Ventures, Menlo Ventures, Crescendo Ventures, Intel Capital, and Cisco Systems are investors in CREDANT Technologies. For more information, visit www.credant.com.