Vormetric Reports 42% Growth in Revenue for Fiscal Year 2015

Grows 7X faster than the overall IT security software market as reported by Gartner for 2014

SAN JOSE, Calif. – June 11, 2015 – Vormetric, a leader in enterprise data security for physical, virtual, big data and cloud environments, today announced that it achieved 42% year-over-year growth in revenues for its fiscal year 2015 ending April 30. Growth exceeded by 7X the 2014 Security Software Market growth as reported by Gartner for 2014. The company attributes its growth to increasing requirements for protecting data against rapidly expanding cyber threats, new products available from its data security platform, growing regulatory requirements and the rapid expansion of both cloud and channel partner programs.

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“We’re seeing a fundamental shift in how organizations view data security,” said Alan Kessler, Vormetic’s president and CEO. “For the first time preventing data breaches is the top IT Security spending priority, and compliance is at the bottom of the list (data from the 2015 Vormetric Insider Threat Report). This is a welcome change, as compliance requirements are falling behind fast moving cyber threats. It’s no surprise then to see strong demand for the best preventive measures to protect data, such as those offered by Vormetric.”

Vormetric solutions provide data encryption, access controls, tokenization and data access monitoring information that protects information across both new and existing technology environments. Within existing traditional networks and systems, Vormetric products safeguard data even when perimeters and networks have been penetrated or endpoint security has failed. These same solutions enable enterprises adopting cloud Infrastructure as a Services (IaaS) and Software as a Service (SaaS) environments to adopt these newer solutions without increasing risk.

Additional Vormetric business highlights for the 2015 fiscal year include:

“The near daily data breach news illustrates clearly that organizations everywhere are experiencing fundamental problems in protecting sensitive information,” added Kessler. “With firewall, network and end point defenses failing, many enterprises are actively enhancing their IT security stance with a vital new element – a data-centric security layer. Our data security platform of products provides critical elements of that layer; strong encryption, access controls, tokenization and access logging.”

About Vormetric

Vormetric (@Vormetric) is the industry leader in data security solutions that protect data-at-rest across physical, big data and cloud environments. Vormetric helps over 1500 customers, including 17 of the Fortune 30, to meet compliance requirements and protect what matters – their sensitive data – from both internal and external threats. The company’s scalable Vormetric Data Security Platform protects any file, any database and any application’s data —anywhere it resides — with a high performance, market-leading solution set. For more information, please visit: www.vormetric.com.

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