CREDANT Technologies Named to List of Top 200 Leading Private Companies By Nollenberger Capital Partners
Posted on: Wednesday, 28 May 2008, 06:00 CDT
DALLAS, May 28 /PRNewswire/ -- CREDANT Technologies(R), the market leader in endpoint data protection solutions, today announced it has been named to the 2008 Top 200 Private Technology Companies report by Nollenberger Capital Partners, an investment banking and advisory services firm. CREDANT Technologies is among those on the list recognized for attributes of winning technology companies, including defensible intellectual property, a strong management team, and demonstrable revenue traction since inception.
"CREDANT closely fit the criteria we look for in a later stage company, where the management team has shepherded others to deliver a consistently solid product, to an ever-growing customer base," said Gene Ramirez, Managing Director of Investment Banking at Nollenberger Capital.
The selection process for the Top 200 companies included the following criteria:
-- Technology centric, privately funded companies -- Companies typically with functioning solutions and demonstrable revenue traction -- Companies pursuing large addressable markets -- Solid management teams -- Typically, later stage companies -- Companies backed by investment professionals, e.g. venture capitalists -- Solutions must be innovative, novel and have defensible IP -- Companies anticipated to achieve a liquidity event or raise capital at an uptick valuation in the next 12 to 24 months
"2008 has already been a banner year for CREDANT and being named to the Top 200 Private Technology Companies report by Nollenberger Capital Partners is a real highlight," said Bob Heard, founder and CEO of CREDANT Technologies. "We look forward to continuing on the path of innovation and building the company, as CREDANT's solutions for data protection reach more customers and are endorsed by a growing number of channel and technology partners alike."
Last year, software companies represented 52% of the total companies in Top 200 Private Technology Companies report for 2006/2007. They also accounted for 51% (N = 25) of all the M&A exits achieved by Top 200 companies for that year. Nollenberger Capital Partners believes this trend will continue in 2008.
About Nollenberger Capital Partners
At Nollenberger Capital Partners, we believe that success is a shared vision. We are an investment banking and advisory services firm providing investment banking, private client services, public finance, and retirement plan services. Our high-touch approach combines experienced advisors providing insight-driven solutions. We have one goal in mind, our clients' success. For more information about Nollenberger Capital Partners, please visit http://www.ncpi.com/.
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 http://www.credant.com/.
CREDANT Technologies, CREDANT, the CREDANT Technologies logo, and the "Be Mobile. Be Secure." tagline are registered trademarks of CREDANT Technologies, Inc.
CREDANT Technologies
CONTACT: Mary Van Zandt of Trainer Communications, +1-817-561-6549,mvanzandt@trainercomm.com, for CREDANT Technologies
Web site: http://www.credant.com/http://www.ncpi.com/
Source: PRNewswire
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