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nCircle Announces Continued Revenue Growth, Profitability and Expansion into Latin America

April 20, 2009

SAN FRANCISCO, April 20 /PRNewswire/ — nCircle, the leader in automated security and compliance auditing solutions, today announced revenue growth of 33% year over year for the quarter ending March 31, 2009. The results mark the company’s third consecutive quarter of profitability and kicks off the company’s eighth consecutive year of revenue growth. nCircle grew in all regions during Q1, most notably in its Europe, Middle East and Africa (EMEA) region with 235% growth year over year. nCircle also announced that it is expanding its global footprint with new partners signed in Latin America.

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Complementing operations in EMEA, Asia Pacific and Australia, nCircle has recently expanded into Latin America. nCircle signed partnerships with Excelerate Systems in Mexico City, Mexico and with SEFISA which operates in Guatemala, Honduras, Costa Rica and El Salvador. Excelerate Systems works with the 40 largest enterprises in Latin America with geographic coverage in Mexico, Brazil, Colombia, Puerto Rico, Argentina, Venezuela, Chile and Peru, covering approximately 80% of Latin America’s GDP. SEFISA has selected nCircle to provide the infrastructure platform for its new Vulnerability Management SaaS offering in addition to reselling nCircle Suite360 on-premise solutions to customers in the region.

“nCircle continues to demonstrate an innate ability to innovate and grow, even through two recessions during the past decade,” stated Abe Kleinfeld, CEO, nCircle. “Our unrelenting commitment to developing forward-thinking solutions that deliver high value to our customers continues to pay dividends for our customers, partners, investors and employees.”

During Q1, nCircle Suite360(TM) continued to expand as the world’s most comprehensive suite for automated security risk and compliance auditing. Recent highlights include:

  • Suite360 Intelligence Hub(TM), nCircle’s powerful IT governance, risk and compliance (ITGRC) analytics and reporting solution, now includes automated asset value assignment, saving valuable time and delivering an order of magnitude improvement in prioritizing security and compliance remediation tasks.
  • Configuration Compliance Manager(TM) (CCM), the world’s leading agentless configuration compliance management solution, now delivers support for virtualized environments enabling enterprises to audit hypervisors and virtual machines.
  • WebApp360(TM) for web application scanning now features expanded coverage for OWASP Top Ten security flaws.
  • nCircle’s independent, agentless auditing solutions now scan for over 25,000 conditions across global networks, enabling customers to discover, assess and remediate all networked assets to improve security and achieve compliance.

About nCircle Suite360

nCircle provides the world’s most comprehensive suite of solutions for agentless security and configuration auditing. nCircle’s solutions combine the broadest discovery of networked systems and their operating systems, applications, vulnerabilities and configurations with advanced analytics to help enterprises reduce security risk and achieve compliance. nCircle’s solutions include IP360(TM) for vulnerability and risk management, WebApp360(TM) for web application vulnerability auditing, Configuration Compliance Manager (CCM)(TM) for configuration auditing and file integrity monitoring, Certified PCI Scan Service(TM) for on-demand self-service PCI scanning, and Suite360 Intelligence Hub(TM) for IT governance, risk and compliance (ITGRC) reporting and analytics.

About nCircle

nCircle is the leading provider of automated security and compliance auditing solutions. More than 4,000 enterprises, government agencies and service providers around the world rely on nCircle’s proactive solutions to manage and reduce security risk and achieve compliance on their networks. nCircle has won numerous awards for growth, innovation, customer satisfaction and technology leadership. nCircle is headquartered in San Francisco, CA, with regional offices throughout the United States and in London and Toronto. Additional information about nCircle is available at www.ncircle.com.

nCircle is a registered trademark of nCircle Network Security, Inc. All other registered or unregistered trademarks are the sole property of their respective owners.

SOURCE nCircle Network Security, Inc.


Source: newswire



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