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Courion Continues Strong Growth in Q2 2009; Surpasses 9 Million User Licenses Worldwide

Posted on: Friday, 21 August 2009, 08:00 CDT

FRAMINGHAM, Mass., Aug. 21 /PRNewswire/ -- Courion(R) Corporation, leaders in access governance, provisioning and compliance, today announced continued strong growth for Q2 2009. Courion exceeded the company's record-breaking financial performance in Q1 2009, with a 34% increase in license sales as well as increased gross profits and revenues in Q2.

Based on this continued quarter-over-quarter market growth, Courion's Access Assurance solutions now reach more than 9 million licensed users globally, helping companies worldwide to manage access compliance for user accounts totaling in the hundreds of millions. Courion's Access Assurance Suite helps enterprises control and automate access to sensitive information and ensure users have access only to the data they need to do their jobs. The company's access compliance, provisioning, role management, and password solutions deliver immediate user productivity and operational efficiency while reducing costs, strengthening security and improving compliance with corporate policy, industry requirements and government regulations.

Additional highlights in Q2 2009:

• Global R&D Growth: Courion expanded its worldwide operations with the opening of a new India Technology Center (ITC) in Pune, India to complement its existing research and development facilities and to continue to meet increased customer demand. The ITC will double Courion's library of more than 160 IAM connectors by the end of next year, further enhancing support for specific industries, such as healthcare, financial services, manufacturing, retail, education and others.
  

• Customer Event Success: Courion held its 7th annual user conference, CONVERGE 09, which focused on "Access Assurance: Turning Today's Challenges into Opportunities." The event - which drew even more customer attendees than the previous year, despite an uncertain economy - united customers, partners and key influencers and received industry accolades for showcasing Courion's ability to consistently exceed customer expectations through fast time-to-value and lowest total cost of ownership.
  

• Awards: Courion's Compliance Manager for SharePoint solution was named the winner of the Network Products Guide 2009 Product Innovation Award in the "Data Protection" category.
  

"Numerous indicators, including analyst research and industry surveys, coupled with Courion's own quarter-over-quarter growth continue to validate that identity and access management remains a top IT enterprise imperative," said Chris Zannetos, president and CEO at Courion. "Today, it is more critical than ever that corporations are able to address their unique access challenges without negatively impacting budgets. Courion's "start-anywhere, go-anywhere" approach has proven to deliver results quickly, cost effectively and in stages to maximize short-term returns and provide quick wins, helping to justify long-term security and compliance strategies."

Courion's unique Access Assurance approach to identity, access and compliance management ensures that only the right people have the right access to the right resources and are doing the right things. Access Assurance unifies Access Governance, Access Provisioning and Access Compliance in the most complex, heterogeneous environments. This comprehensive approach increases operational efficiency and transparency, strengthens security, and improves compliance, while delivering the industry's fastest time to value and lowest total cost of ownership.

About Courion

Courion's award-winning Access Assurance solutions are used by more than four hundred organizations and over 9 million users worldwide to quickly and easily solve their most complex identity and access management (password management, provisioning, and role management), risk and compliance challenges. Courion's business-driven approach results in unparalleled customer success by ensuring users' access rights and activities are compliant with policy while supporting both security and business objectives. For more information, please visit our website at www.courion.com, our blog at blog.courion.com/, or on Twitter at twitter.com/Courion.

To view this release online, go to: http://www.courion.com/company/press_release.html?id455

Courion is a registered trademark. All other company and product names may be trademarks of their respective owners

Rachel Weeks Courion Corporation 508-661-0467 Mariah Torpey Davies Murphy Group 781-418-2404 courion@daviesmurphy.com

SOURCE Courion Corporation

Source: PR Newswire

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