Press Releases

Credant Delivers Record Growth in 1^st Quarter

ADDISON, Texas — April 25, 2011 — Credant Technologies, the trusted experts in data protection, today announced that it achieved significant milestones and momentum in the first quarter of 2011, including its 1,000th customer – positioning the company for continued growth across key markets. Credant's solution addresses today's biggest enterprise security issue, managing the security of sensitive data, whether it is located on laptops, smart phones, removable media or private or public cloud infrastructures. By providing centralized management and reporting for encryption across all enterprise platforms, Credant products simplify complex data protection management.

Highlights of Credant's 2011 first quarter include a 58% yearly increase in software sales resulting from a:

• 225% increase in OEM bookings,
• 102% yearly increase in new customers,
• 349% yearly increase in bookings from healthcare customers, and
• 92% retention rate of current customers

"The upsurge in incidents ranging from malicious breaches to lost devices has put Credant on the frontline and top-of-mind as corporate executives race to mitigate their risks and protect sensitive data," said Bob Heard, CEO and founder, Credant Technologies. "Our growth, including protecting our 1000th customer, is indicative of the urgency companies are placing on data protection and the investment they are willing to make."

Executing on Credant's comprehensive data protection management vision, the company has released two expansions to the product line in Q1, Credant's Cloud Beta release and Credant's Manager for BitLocker, both are being well received by customers looking to meet complex data protection and compliance needs.

"Credant is focused on delivering products and technologies that meet current, urgent needs and rapidly changing business and computing models," said Chris Burchett, CTO and co-founder, Credant Technologies. "From mobile devices to information in the cloud, companies adapting new technologies need data protection solutions that allow employees and partners to safely access sensitive data without concern."

About Credant Technologies

Credant Technologies is the trusted expert in data protection. Credant's data security solutions mitigate risk, preserve customer brand and reduce the cost of compliance, enabling business to "protect what matters." Credant has been recognized by Inc. magazine as the #1 fastest growing security software company in 2008 and 2007; 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® 2005. Austin Ventures, Menlo Ventures, Crescendo Ventures, Cisco Systems (NASDAQ:CSCO), and Intel Capital (NASDAQ:INTC) are investors in Credant Technologies. For more information, visit www.Credant.com.

Media Contact:
Nina Gill
Schwartz Communications
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