WebKnowHow
Monday, January 22, 2007; 08:56 AM
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 Web Application Security Consortium's
(WASC) threat classification, a critical component of comprehensive
website security.
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