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In the News :: 2007 Archives ::
WhiteHat Security Kicks Off 2007 with Record
Growth and Momentum
Company Tripled Sales Bookings, Doubled Employees
and Expanded Headquarters in 2006
SANTA CLARA, CA.—January 22,
2007—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.”
Further augmenting the Company’s significant
corporate growth and market momentum, WhiteHat
doubled its number of employees with additions across
the board in operations, development, sales,
marketing and quality assurance. The increased
employee base resulted in the addition of three new
regional offices in 2006 and plans for a larger
corporate headquarters that will double the current
physical size in early 2007. WhiteHat also added four
U.S. channel partners to its network, thereby
expanding the distribution of the Company’s
services.
“We are quite pleased with our market traction
and performance in 2006,” said Stephanie Fohn,
CEO of WhiteHat Security. “Of our new
customers, 10 are in the Fortune 500, further
validating the trend that companies of all sizes are
adopting website vulnerability management as a
standard within their organizations. As more and more
organizations recognize the need for comprehensive,
timely and cost effective website security, we
anticipate continued adoption of the WhiteHat
Sentinel Service and rapid corporate growth.
WhiteHat Sentinel reduces the burden of securing
websites with an ongoing service that provides
up-to-date and comprehensive identification of the
vulnerabilities that are putting online customer and
corporate data at risk. It is the only solution that
can assess for all 24 classes of vulnerabilities
identified by the website Security
Consortium’s (WASC) threat classification, a
critical component of comprehensive website security.
About WhiteHat Security, Inc.
Headquartered in Santa Clara, California, WhiteHat
Security is a leading provider of website
vulnerability management services. WhiteHat delivers
turnkey solutions that enable companies to secure
valuable customer data, comply with industry
standards and maintain brand integrity. WhiteHat
Sentinel, the company’s flagship service, is
the only solution that incorporates expert analysis
and industry-leading technology to provide
unparalleled coverage to protect critical data from
attacks. For more information about WhiteHat
Security, please visit our website,
www.whitehatsec.com.
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