PGP Corporation News
PGP Corporation Momentum Continues to Build in First Quarter of 2008
"Global enterprise customers see the value of a centralized, standards- based encryption platform for defending their data - at the perimeter, in transit - wherever it lives or moves. Just as data is ubiquitous, security needs to be ubiquitous as well," offered
Highlights of the quarter included:
— New and additional customer agreements with a leading multi-national
entertainment and consumer company, a large US-based electronics
retailer, expansion in the
contracts with state and university customers.
— The successful release of six updated PGP Encryption Platform-enabled
applications for enhanced management, policy, and reporting
capabilities as encryption solutions are deployed across an
organization to protect data wherever it lives or goes.
— The first study on the costs incurred by U.K. businesses after
experiencing a data breach. Along with Symantec; PGP Corporation sponsored the Ponemon Institute Research which found that the average total cost per incident in the U.K. was more than £1.4 million. The \"2007 Annual Study: U.K. Cost of a Data Breach\" also revealed that the financial impact of lost business due to reduced consumer trust was the most significant component of data breach costs.
— A partnership announcement with Lumension Security(TM), a global leader
in security management, to deliver PGP(R) Endpoint. PGP Endpoint is a
centrally managed solution that integrates Lumension Security's
Sanctuary Device and Application Control with PGP(R) Whole Disk
Encryption to protect data transferred or stored on portable devices.
— The availability of PGP(R) Mobile, its newest encryption application
that allows enterprise users to easily protect data on smartphones.
With PGP Mobile, Windows Mobile devices data can be encrypted
automatically and shared securely with other mobile and desktop users.
— The announcement that PGP Corporation will further expand its award-
winning PGP(R) Encryption Platform with a new set of functionality targeted at independent software vendors (ISVs), independent hardware vendors (IHVs), and enterprises. The new application programming interfaces (APIs) and software development toolkits (SDKs) allow developers to quickly and easily leverage the market-leading cryptographic, user management, key management, policy, and reporting features of the PGP Encryption Platform into their own applications.
About PGP Corporation
PGP Corporation is a global leader in email and data encryption software for enterprise data protection. Based on a unified key management and policy infrastructure, the PGP(R) Encryption Platform offers the broadest set of integrated applications for enterprise data security. PGP(R) platform-enabled applications allow organizations to meet current needs and expand as security requirements evolve for email, laptops, desktops, instant messaging, smartphones, network storage, file transfers, automated processes, and backups.
PGP(R) solutions are used by more than 80,000 enterprises, businesses, and governments worldwide, including 95 percent of the Fortune(R) 100, 75 percent of the Fortune(R) Global 100, 87 percent of the German DAX index, and 51 percent of the U.K. FTSE 100 Index. As a result, PGP Corporation has earned a global reputation for innovative, standards-based, and trusted solutions. PGP solutions help protect confidential information, secure customer data, achieve regulatory and audit compliance, and safeguard companies' brands and reputations. Contact PGP Corporation at www.pgp.com.
Media & analyst contact for PGP Corporation: Tom Rice Merritt Group +1 703 856 2218 rice@merrittgrp.com
Legal Notice Regarding Forward-Looking Statements
Some of the statements in this press release are forward-looking, including statements regarding the availability, plans, delivery, goals, development, expected features, expected benefits and competitive position of PGP products implementing or leveraging the PGP technologies. All references made to product feature enhancements, improvements in Platform support or additional functionality are subject to change at PGP Corporation's sole discretion. All future descriptions of PGP technology and products are subject to availability only if PGP Corporation decides to build them and when PGP Corporation decides to make them commercially available. Actual results could differ materially from those expressed in any forward-looking statements. Risks and uncertainties that PGP Corporation faces that could cause results to differ materially include risks associated with any unforeseen technical difficulties or software errors related to the final development and launch of any of PGP Corporation's products; any technological, regulatory, or standards changes in the security, encryption and authentications market which could make PGP Corporation's products less competitive or require feature changes in these products; any slowdown in the adoption by businesses of encryption suites, secure email, Internet technologies or related standard. The forward- looking statements contained in this release are made as of the date hereof, and PGP Corporation does not assume any obligation to update such statements nor the reasons why actual results could differ materially from those projected in such statements.
PGP and the PGP logo are registered trademarks of PGP Corporation. Product and brand names used in the document may be trademarks or registered trademarks of their respective owners. Any such trademarks or registered trademarks are the sole property of their respective owners.
SOURCE PGP Corporation
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