WhiteHat Security Ups Sales by 300%

WhiteHat Security announced accelerated growth and momentum in 2006

SANTA CLARA, Calif. -- WhiteHat Security, Inc., a leading provider of website vulnerability management services, today announced accelerated growth and momentum in 2006. The company closed a record-setting fiscal year by tripling its client roster, including the addition of 10 Fortune 500 companies, and increasing its sales by 300 percent over the previous year.

During 2006, WhiteHat Security experienced a four-fold increase in the number of websites under management, securing its position as a market leader. The company attributes its momentum to the continued adoption of WhiteHat Sentinel, its website vulnerability management service. WhiteHat Sentinel is the only service that integrates expert analysis and industry-leading technology to provide unparalleled coverage. In addition, 2006 brought continued penetration in key industries including financial services, healthcare and e-commerce.

“WhiteHat’s growth in the market is exciting and validates the fact that website vulnerability management is a service in demand now more than ever,” said Ho Nam, general partner and co-founder, Altos Ventures. “WhiteHat’s increasing customer base is a testament to the Company’s brand and promise of delivering complete website vulnerability management controlled by customers and managed by experts.”

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