CoreTrace Caps Successful Year With Record Revenue Growth
14 Janvier 2010 - 6:53PM
Marketwired
CoreTrace, the pioneer of client-based application whitelisting
technology, today announced the close of its eighth consecutive
quarter of record growth, in which the company experienced a 500
percent revenue growth over 2008. This growth highlights a year in
which CoreTrace's award-winning BOUNCER technology emerged as one
of the leading endpoint security solutions in the application
whitelisting market.
"As more complex Web-based malware continue to pose greater
threats to businesses, CoreTrace is committed to helping its
customers protect their networks, accounts and corporate assets
from all forms of malware and viruses, including threats yet to
come," said Toney Jennings, president and chief executive officer
for CoreTrace. "The release of BOUNCER 5.0 continued to set us
apart from other endpoint security solutions. Aside from being the
only endpoint solution in InfoWorld's review that successfully
protected against memory exploits, some of our other product
features around whitelisting trusted ActiveX installations and our
ability to handle product updates illustrate CoreTrace's unique
competitive differentiators in the application whitelisting
market."
To further validate CoreTrace's leadership position in the
market, in December GlobalSCAPE, Inc. (NYSE Amex: GSB), a leading
developer of secure information exchange solutions, invested $2.3
million in the company.
"As a proven leader in the application whitelisting space,
CoreTrace's landmark technology is leading the way for endpoint
solutions that protect IT infrastructure from malware and other
viruses, including new variants that aren't known yet," said Craig
Robinson, chief operating officer for GlobalSCAPE. "Where most
traditional security technologies focus on detecting and defeating
known malicious software and unique executables, application
whitelisting doesn't play cat and mouse with malware. If software
is not on the whitelist, it doesn't run. Period. We are very
impressed with CoreTrace's innovative BOUNCER technology and
pleased to see growing industry recognition that whitelisting
solutions are increasingly necessary to help IT organizations
better protect their environments."
Along with several strategic partnerships like Emerson Process
Management and SignaCert, Jennings recognized several industry
moves in 2009 that continued to demonstrate that the application
whitelisting market is coming of age. McAfee acquired SolidCore
Systems, which provides whitelisting technology for relatively
static environments like point of sale terminals, and Microsoft
included whitelisting technology in Windows 7's via the AppLocker
feature. He said both were critical turning points for the future
of endpoint security.
"Some of the world's leading technology companies made critical
decisions to include whitelisting in their endpoint security
strategies," said Jennings. "These moves sent a clear message to
the security industry. There's a shift currently taking place in
the industry. With traditional blacklisting programs unable to
effectively catch growing malware threats, whitelisting is becoming
the primary defense for endpoint security."
About CoreTrace
CoreTrace® is the pioneer of client-based application
whitelisting. The company's award-winning and patented
high-security, easy-change BOUNCER solution is at the forefront of
the movement in next-generation endpoint control and security
solutions. Unlike other application whitelisting solutions that are
simply lockdown technologies, BOUNCER's "Trusted Change" capability
enables IT professionals to predefine multiple sources from which
users can safely install applications and have them automatically
added to the whitelist -- all with minimal IT involvement. The
result: full prevention of unauthorized applications, improved
overall security, and lower total cost of ownership compared to
alternative whitelisting and traditional blacklisting antivirus
solutions. CoreTrace's customers include organizations in a wide
variety of industries, such as energy, oil and gas, financial
services, telecommunications, as well as government agencies.
CoreTrace is headquartered in Austin, Texas. For more
information, please visit: www.CoreTrace.com. Our blog can be found
at http://www.coretraceblogs.com/.
Media Contact: JT Keating CoreTrace Corporation 512.592.4130
Email Contact
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