Clearswift reports 12th successive quarter of record revenues from award winning Secure Gateways
London, 17 May 2011 - Clearswift, the security software company, today announced its 12th successive quarter of record revenues from Secure Gateways and its 6th successive quarter of positive operating results. In the year ended 31st March 2011 the company exceeded its objectives for revenues and profitability.
Strong customer confidence and loyalty is reflected in excellent rates of renewal and substantial growth in multi-year agreements. 40% of all new business signed in the year was for contracts of 3 or more years, with first Year billings from multi-year deals 50% ahead of plan. Clearswift expects to build on recent performance to grow ahead of the market in FY12 by maintaining retention rates and aggressive new customer acquisition strategies.
Richard Turner, Chief Executive, said: “The last fiscal was extremely successful for the company. We over-achieved on our goals for revenue and profitability, generating cash from operations. We won our largest ever deployment for Secure Email Gateways in a transaction for 350,000 users. We released several new versions of our products and were recognised as leaders in our space with awards. We completed a full fiscal of quarter by quarter profitability for the first time.”
“Our performance has been driven by changing conversation amongst security professionals centred on how to enable and empower workers to let good communications flow. In the past year we have seen how social media technologies have redefined business and even facilitated regime change in regions where they attempted to block it. Events in the real world are validated by our research that showed 54% of businesses today regard social media and collaborative technologies as critical to the success of their business; One in five employees stated that they would turn down opportunities to work for companies that had a restrictive attitude to web2.0 technologies in the workplace. As the focus continues to shift from stopping inbound threats, Clearswift is helping organisations to establish what needs to be protected and educating employees on the business reasons behind IT security policies, ensuring their data is protected and they are open for business.“
“Clearswift’s content aware technology ensures it is ideally placed to help businesses to grow by benefiting from new ways of working and technological innovation.”
About Clearswift
Clearswift’s content-aware, policy based solutions enable over 17,000 organisations to manage and maintain no-compromise data, e-mail and web security across all gateways and in all directions.
Contacts:
Rachel Brewin / Sian Gaskell, CubanEight
Tel: 01869 238089 rachelbrewin@cubaneight.com / siangaskell@cubaneight.com