Secure Passage, a leading provider of firewall and network device policy management solutions, today announced a record-breaking year with strong growth in both Europe and the Americas.
During one of the economy’s most difficult years, the company’s sales revenue for fiscal year 2009 grew 80% and its customer base increased 50% over 2008. More than 30% of revenue was from Managed Security Services Providers (MSSPs) that chose the company’s flagship product, FireMon, to capitalise on the growing demand for managed firewall services.
Secure Passage’s record growth rate proves that despite the recessionary economy, enterprises and government agencies are purchasing effective firewall management solutions in order to protect against cyberthreats, achieve compliance and improve operational efficiency.
New customers added in 2009 include companies representing major U.S. and international organisations from the airline, automotive, financial and technology industries. In addition, Secure Passage signed a single deal to manage more than 10,000 devices with one of the world’s largest technology companies – further validating the firewall management market’s continued growth.
Furthering its commitment to innovation and industry standards, Secure Passage joined the PCI Security Standards Council in 2009 as a new Participating Organisation; this role enables Secure Passage to stay at the forefront of regulations and provide feedback on standards.
Even with the tough economy in 2009, we achieved our aggressive goals. This was due to excellent customer service and rapid delivery of innovative new products and releases that produce an immediate ROI for our customers. We had a record-breaking year filled with successes and are positioned for continued growth worldwide in 2010. The demand for our solutions will become even greater as overburdened security teams turn to our solutions to more efficiently manage their security operations.
- New Secure Passage Firewall Auditor Adopted by 175 Customers in First Month
Hundreds of organisations in search of a better way to manage their firewalls downloaded Secure Passage’s Firewall Auditor the first month it was available. A free application, Firewall Auditor enables administrators to quickly and easily audit firewall configurations to ensure they are enforcing security and compliance regulations. More than 175 of the organisations that downloaded the application are now actively using it to conduct Payment Card Industry Data Security Standard (PCI DSS) audits. This early and significant adoption rate demonstrates a strong need for improved firewall management.
- FireMon eVolution (5.0) Turns Firewalls Back Into Network Security Devices
In response to the growing demand for innovative firewall management, Secure Passage launched FireMon eVolution (5.0). The industry’s first firewall management solution to provide a comprehensive and integrated set of features, FireMon eVolution now includes three industry firsts: rule lifecycle documentation, traffic flow analysis, and a PCI DSS compliance reporting framework. The launch of FireMon eVolution was a driving force behind Secure Passage’s elevated sales in 2009 and catapulted the company above its competitors as the preferred provider of firewall and network device policy management solutions.
- New Service Provider Distribution Channel Paves the Way for Increased Market Penetration and Revenue
Secure Passage’s flagship solution, FireMon, has rapidly become the technology of choice for MSSPs that are building or growing managed firewall service offerings. These service providers choose FireMon to fulfil customer demand for complete visibility into the security and compliance posture of their many firewalls, provide an easier way to ensure PCI DSS compliance, and provide policy optimization that improves firewall security and performance.
In October 2009, FireMon received the top rating in the Support, Documentation and Performance categories – five out of five stars – in an SC Magazine product review. This achievement offers more proof that well-respected industry watchers recognise FireMon as a powerful security and compliance solution.
Secure Passage’s performance in 2009 clearly positions us as the market leader in the firewall management marketplace. We will continue to execute on our vision to provide our customers with solutions that simplify complex security management by enabling greater visibility, control and security.