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| [February 21, 2013] |
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Partner Programs, Services, and Innovative Solutions Drove Continued Growth for CORE Security in 2012
BOSTON --(Business Wire)--
CORE
Security, a leading provider of predictive
security intelligence solutions, reported 2012 was another year for
growth and momentum throughout the business - including sustained
revenue growth, record renewal rates, and new innovative solutions.
Financial Highlights For fiscal year 2012 ended December 31,
CORE Security reported its 11th year of consecutive record
revenue and bookings growth. Sales for CORE Insight® continued to grow,
doubling the customer count during the year. The Company set record
renewal rates for both Insight and CORE Impact® Pro as compared with
their 2011 levels. The continuing innovation delivered in CORE Impact
drove significant growth in average selling price, customer accounts and
renewals. In addition, the company extended its reach within the
security market through training activities that added more than 250
Core Impact Certified Professional (CICP) experts across more than 130
companies.
During the year, CORE entered into technology partnerships to bring
advanced predictive security intelligence solutions to the industry's
best known companies including; IBM, RSA, McAfee (News - Alert) and HP. The company
continued to develop its channel program and focus, with the launch of
the CORE Secured® Partner Program, which added 23 new partners. These
new and existing partners drove approximately 50 percent of CORE
Security's 2012 bookings worldwide.
"I am extremely pleased with the company's results last year. More
importantly is where and how our customers are using CORE solutions. We
are seeing our products being installed and used as the cornerstone of
customers' security programs; these predictive security capabilities are
earning us the role of 'trusted advisor' to many of our customers," said Mark
Hatton, president and CEO of CORE Security. "For more than a decade,
we have been able to build a steadily growing business by combining
innovative technology with world class support, resulting in high
customer retention rates and ongoing growth in earnings and bookings.
Today, our customers are using our predictive security solutions to help
them with their critical security issues: identifying where attacks will
occur and proactively acting to mitigate them."
CORE Insight, Impact Pro During the year, CORE released the
second-generation of CORE Insight, which offers a comprehensive set of
vulnerability management capabilities while feeding key analytics to the
security ecosystem. Insight enables organizations to improve IT
security, optimize budgets, increase efficiency of security operations,
and predict threats without disrupting operations. The company also
announced two significant upgrades to its industry-leading CORE Impact
Professional vulnerability assessment and penetration testing software.
Impact Pro allows organizations to proactively test IT infrastructure
and identify exactly where and how an organization's critical data can
be breached.
Industry Recognition CORE Impact Pro again received industry
accolades and awards including an SC Magazine 5-Star Review with
an honored "Lab Approved" designation. The company's solutions were
included in several industry analyst reports during the year. CORE
Security earned a Boston Business Journal Pace Setters award for
its growth, and was also named to the Inc. 5000 listing in 2012.
Security Research Leadership CORElabs security researchers
focused throughout the year on vulnerability discovery, exploit
development, and cutting-edge research. During 2012, CORElabs discovered
and issued half a dozen vulnerability
outbreak advisories. These advisories provided relevant details that
allowed vendors to develop patches to remediate potential security
issues within products from companies like: SAP (News - Alert), Windows, Webex, and
VMware. In parallel, CORElabs' team of exploit writers researched and
developed hundreds of new vulnerabilities. Over the years, the
researchers have now identified more than 2,800 methods to attack
various elements of a target IT infrastructure. CORElabs experts
presented at several industry events including: AppSecLatam2012,
Hack.Lu, Eko Party, EUSec West, and BRUCON.
About CORE Security CORE
Security is the leading provider of predictive
security intelligence solutions for enterprises and government
organizations. We help more than 1,400 customers worldwide preempt
critical security threats throughout their IT environments, and
communicate the risk the threats pose to the business. Our patented,
proven, award-winning enterprise solutions are backed by more than 15
years of applied expertise from CORElabs,
the company's innovative security research center. For more information,
visit www.coresecurity.com.
CORE Security Technologies, CORE Security, CORE Impact, CORE Insight,
and CORE Secured are registered trademarks of CORE SDI, Inc. in the
United States and/or other countries. All other organizations referenced
within this document are trademarks and/or registered trademarks of
their respective companies.

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