SUNNYVALE, Calif., June 21, 2010 – Code Green Networks, the leader in comprehensive data loss prevention (DLP) solutions that can be deployed quickly and cost-effectively, today announced that it has achieved another record quarter and exceeded 100% annual compound revenue growth for its fiscal year ending on May 31, 2010. 

“The eagerness of enterprises to implement a high-value, reliable data loss prevention solution with a strong integrated feature set that is easy-to-deploy and easy-to-manage continues to create significant new customer opportunities," said Daniel Udoutch, president and CEO of Code Green Networks. "With strong partnerships and increasing demand for our TrueDLP solutions, Code Green Networks is well positioned for continued growth in our channel and OEM businesses moving forward.”

Fiscal Year 2010 Highlights

• An upsurge of enterprise (Global 2000) data loss prevention customers in the healthcare, financial, and government sectors.
• Strong channel momentum, with more than 35 strategic partners worldwide added to the company’s network over the past year. Nearly all of Code Green Network’s new business transactions were facilitated through the company’s network of security-focused channel partners.
• Code Green Networks TrueDLP solution received SC Magazine’s “Best Buy”.  The review gave TrueDLP five stars across the board, noting full functionality, ease of use, performance, documentation, support, and value for money.
• Comprehensive expansion of Code Green Network’s OEM business.
• Customer renewal rate of 98% with more than 95% of the Code Green DLP appliances sold in deployment.  

According to Gartner’s 2010 “Magic Quadrant for Content-Aware Data Loss Prevention,” the data loss prevention market has steady growth. The report states content-aware DLP deployments and overall sales were only minimally affected by the economic downturn and Gartner believes this market will reach $400 million in 2011.*

Code Green Networks TrueDLP Data Loss Prevention (DLP) solution effectively identifies, monitors, and protects data in use, data in motion, and data at rest and is positioned to meet the data protection security priority moving forward.

About Code Green Networks
Code Green Networks delivers data loss prevention solutions that protect private employee and customer information and safeguard intellectual property across all electronic communications channels. The company's easy-to-deploy, easy-to-manage content inspection appliances rapidly detect and prevent potential data leaks, helping organizations automate compliance and mitigate risks from internal breaches that can result in loss of revenue, financial penalties and irreparable damage to a corporation's image, brand and customer loyalty.  Follow Code Green Networks on Twitter, www.twitter.com/TrueDLP.

* The Magic Quadrant is copyrighted 2010 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

©2010 Code Green Networks. All rights reserved.

All products mentioned in the release are trademarks or registered trademarks of Code Green Networks. All other trademarks, trade names and product names are used solely for the purpose of identification and are the property of their respective owners.

Request Online Demo
Information Center
DLP Products
See us on LinkedIn
Follow us on Twitter