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PGP Corporation Records Most Successful Year in Company's History; Annual Growth Rate Up By Over 30 Percent in 2008

Posted on: Monday, 2 February 2009, 09:08 CST

MENLO PARK, Calif., Feb. 2 /PRNewswire/ -- PGP Corporation, a global leader in enterprise data protection, today announced the most successful year in the Company's history with over 30 percent year-over-year growth for its fiscal year ending December 31, 2008. PGP Corporation's new and existing customers continue to recognize the strategic value and vital need to centrally manage encryption, and adopt the award-winning PGP(R) Encryption Platform and Solutions. Additionally, PGP Corporation ended 2008 with its largest single quarter for bookings ever, completing its seventh fiscal year with 26 quarters of consecutive bookings growth and an increase in business growth by over 40 percent over the fourth quarter in 2008.

"I congratulate PGP Corporation on its corporate achievements and contributions to the industry in 2008," said Max Hopper, Chairman of the Board, PGP Corporation. "PGP(R) products, solutions and approaches to the data security marketplace are more needed and better received than ever before. PGP Corporation is well poised to continue its success and lead the data protection market in 2009."

Customers Continue to Adopt PGP Platform and Solutions

PGP Corporation customers know that in order to survive customer loss and brand damage from malicious and negligent data breaches, organizations must protect their data as their most critical business asset. In 2008, the number of customers buying and deploying the PGP Universal(TM) Server grew to over 5000, with approximately 50 percent using the PGP(R) Encryption Platform to manage multiple encryption applications. This data shows that new and existing customers are repeatedly turning to PGP Corporation as the de-facto standard for data protection to safeguard their business and personal data, as well as comply with industry and regulatory compliance mandates.

"Since its inception, PGP Corporation has always been at the forefront of encryption and data protection. Our results for 2008 not only underscore our leadership in the industry, but also show that customers across the globe are turning to PGP Corporation as their strategic solutions provider for data protection," said Phillip Dunkelberger, president and CEO of PGP Corporation. "Data is the core asset of every business, defending and securing that data is critical to the success of a business, which is why customers will continue to invest in protecting their data."

2008 Product Innovation

In 2008, PGP Corporation continued to innovate its solutions as well as introduce new products which enable its customers to protect their most critical asset -- data. New and enhanced solutions included:

-- PGP Universal(TM) Server 2.9 -- as the foundation of the PGP Encryption Platform, new enhancements enable organizations to enforce or defer email encryption policies when users are offline, providing greater security when users are not on the network;

-- PGP(R) Whole Disk Encryption 9.9 -- increased support for multiple operating systems and standards, including pre-boot authentication for both Mac and Windows, enabling enterprises to set centrally-defined security policies from a single management console for heterogeneous environments;

-- PGP(R) NetShare 9.9 -- enables file sharing environments to set policy-based encryption by application (Microsoft Word, Excel, PowerPoint, custom applications, etc.), regardless of where the data resides whether stored locally, on a flash drive or file server;

-- PGP(R) Endpoint -- a centrally managed data loss prevention solution that provides integrated data encryption and devise policy enforcement for all removable storage devices (USB drives, CDs and DVDs) and mobile data connection technologies (e.g. Wi-Fi, FireWire, Bluetooth, etc.) to protect laptops, desktops, mobile devices and ports;

-- PGP(R) Command Line -- new version now runs natively on the IBM z/OS mainframe operating system, providing customers with broader platform support when integrating encryption scripts into batch, networking and back-up processes; and

-- PGP(R) Mobile -- the newest encryption application that allows enterprise users to easily protect data on smartphones. With PGP Mobile, data on Windows Mobile devices can be encrypted automatically and shared securely with other mobile and desktop users.

2008 Certifications and Awards

Providing proof of its technological advances and rigorous testing, PGP Corporation provides corporate and government customers with an even higher level of assurance of its high-grade encryption solutions. This year PGP Corporation added Common Criteria Certification for PGP Universal(TM) Gateway Email and CESG Assisted Products Assurance (CAPS) approval for PGP(R) Whole Disk Encryption 9.9. Additionally PGP Corporation was hailed by SC Magazine as an "Innovator in Data Protection" for listening and responding to customer needs. SC Magazine also recognized PGP(R) products with two competitive wins; hands-on lab reviews for whole disk encryption and secure email messaging solutions with PGP(R) Whole Disk Encryption and PGP Universal(TM) Gateway Email. Both of these products garnered SC Magazine's "Best Buy" rankings.

Expansion of Enterprise Data Protection Channels

In 2008, PGP Corporation established a strategic relationship with IBM, as well as launched the PGP(R) Managed Service Provider Network (MSPN), broadening access of its encryption solutions to the small and medium sized business market (SMB). Through the PGP MSPN SaaS-delivery model, SMBs now have access to the same commercial-grade, enterprise-class encryption security as large organizations without requiring the upfront infrastructure investments typically required for implementing encryption and data protection solutions.

About PGP Corporation

PGP Corporation is a global leader in email and data encryption software for enterprise data protection. Based on a unified key management and policy infrastructure, the PGP(R) Encryption Platform offers the broadest set of integrated applications for enterprise data security. PGP(R) platform-enabled applications allow organizations to meet current needs and expand as security requirements evolve for email, laptops, desktops, instant messaging, smartphones, network storage, file transfers, automated processes, and backups.

PGP(R) solutions are used by more than 100,000 enterprises, businesses, and governments worldwide, including 95 percent of the Fortune(R) 100, 75 percent of the Fortune(R) Global 100, 87 percent of the German DAX index, and 51 percent of the U.K. FTSE 100 Index. As a result, PGP Corporation has earned a global reputation for innovative, standards-based, and trusted solutions. PGP solutions help protect confidential information, secure customer data, achieve regulatory and audit compliance, and safeguard companies' brands and reputations. Contact PGP Corporation at http://www.pgp.com.

Media & Analyst Contacts for PGP Corporation: North America Christina Grenier PGP Corporation +1 650 543 3697 cgrenier@pgp.com Tom Rice Merritt Group +1 703 856 2218 rice@merrittgrp.com United Kingdom Jacqui Depares / Richard Scarlett Johnson King +44 (0) 20 7401 7968 pgpteam@johnsonking.co.uk Germany Ingrid Daschner Johnson King +49 (0) 89 8940 8511 ingridd@johnsonking.de

Legal Notice Regarding Forward-Looking Statements

Some of the statements in this press release are forward-looking, including statements regarding the availability, plans, delivery, goals, development, expected features, expected benefits and competitive position of PGP products implementing or leveraging the PGP technologies. All references made to product feature enhancements, improvements in Platform support or additional functionality are subject to change at PGP Corporation's sole discretion. All future descriptions of PGP technology and products are subject to availability only if PGP Corporation decides to build them and when PGP Corporation decides to make them commercially available. Actual results could differ materially from those expressed in any forward-looking statements. Risks and uncertainties that PGP Corporation faces that could cause results to differ materially include risks associated with any unforeseen technical difficulties or software errors related to the final development and launch of any of PGP Corporation's products; any technological, regulatory, or standards changes in the security, encryption and authentications market which could make PGP Corporation's products less competitive or require feature changes in these products; any slowdown in the adoption by businesses of encryption suites, secure email, Internet technologies or related standard. The forward-looking statements contained in this release are made as of the date hereof, and PGP Corporation does not assume any obligation to update such statements nor the reasons why actual results could differ materially from those projected in such statements.

PGP and the PGP logo are registered trademarks of PGP Corporation. Product and brand names used in the document may be trademarks or registered trademarks of their respective owners. Any such trademarks or registered trademarks are the sole property of their respective owners.

SOURCE PGP Corporation

Source: PR Newswire

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