The company also announced a 34% increase in total customer count over the past 12 months to reach more than 780 enterprise customers and more than 3,000,000 total licensed users. During the period, several seven figure deals were closed including the largest in the company's history.
"Our recent success, especially noteworthy given the tough economic climate, reflects three major benefits of our end-to-end data protection approach: we offer a diverse and complete product set that is well aligned to large enterprise environments, provide products that scale the most cost efficiently, and offer customers the most rapidly deployable solutions in the market," said Sathvik Krishnamurthy, president and CEO of Voltage Security. "We are finding enterprise customers want a holistic approach for data protection versus a piecemeal or point-to-point approach. Ultimately cost efficiencies are strongest when all of the moving parts are designed to work together."
Growth Driven by Diversified Product Portfolio Large enterprise customers are increasingly turning to Voltage to solve their corporate-wide encryption needs which center around securing sensitive and confidential employee and customer data inside applications, databases, emails, files and documents.
Early Vision Being Realized Adding to the popularity of Voltage end-to-end data protection solutions is the ease provided by the underlying key management architecture.
"We've always understood that the way to make encryption work for large-scale deployments is through simplified key management," continued Krishnamurthy. "Now, we are seeing our vision reach a tipping point where enterprises have an urgent need to comprehensively protect information, and we offer them a complete family of easy to deploy, scalable, cost-efficient and powerful solutions."
The flagship Voltage SecureMail, powered by Voltage Identity-Based Encryption (IBE), is consistently selected for the largest enterprise-wide implementations in corporate America with typical deployments in the 50,000 to 500,000 employee range.
Voltage SecureData, by reducing audit scope and ongoing operational cost, is experiencing a rapid increase in demand and quickly establishing itself as the preferred solution for end-to-end encryption and stateless tokenization.
Enterprise Customers Representing a Wide-Variety of Industries A wide-variety of enterprise customers are increasingly turning to Voltage to protect information throughout their organizations and beyond. A selection of new customers includes:
Voltage Standardization Initiatives Continue Voltage continues to participate in a number of industry standardization initiatives including:
About Voltage Security Voltage Security, Inc., an enterprise security company, is an encryption innovator and global leader in end-to-end data protection. Voltage solutions, based on next generation cryptography, provide end-to-end encryption, tokenization and stateless key management for protecting valuable, regulated and sensitive information based on policy. Voltage products enable reduction in audit scope with rapid implementation and the lowest total cost of ownership in the industry through the use of award-winning cryptographic solutions, including Voltage Identity-Based Encryption (IBE) and a new breakthrough innovation: Format-Preserving Encryption (FPE). Offerings include Voltage SecureMail, Voltage SecureData, Voltage SecureFile and the Voltage Security Network (VSN), an on-demand managed service for the extended business network.
As a service to the industry and general public, the company maintains the Voltage Data Breach Index and Map which is continuously updated with global data breach information: www.voltage.com/data-breach. The Company has been issued several patents based upon breakthrough research in mathematics and cryptographic systems. Customers include Global 1000 companies in banking, retail, insurance, energy, healthcare and government. To learn more about Voltage customers and sign up for the customer newsletter please visit www.voltage.com/customers.