Leader in Cloud-based IT Compliance and Security Continues Record of Strong Customer and Revenue Growth Despite Economic Downturn
HOUSTON, TX, AUGUST 12, 2009 —
Alert Logic, an award-winning provider of cloud-based IT compliance and security solutions, today announced that it continued its strong record of customer and revenue growth in the first half of 2009, increasing its customer base by 61% and growing revenues by 53% from the same period a year ago.
Alert Logic’s customer growth spanned a wide range of industries, including the energy, technology, healthcare and retail sectors. Consistent with Alert Logic’s strategy, compliance requirements drove much of this growth. For example, growth in the retail industry was driven by the Payment Card Industry Data Security Standard (PCI DSS). Any company handling credit card data must comply with PCI standards. Alert Logic’s cloud-based IT compliance and security solutions are designed to allow merchants to meet several critical PCI requirements easily and cost-effectively.
“Businesses are facing increasingly complex and burdensome compliance and security requirements. Most businesses expect their IT compliance requirements to continue to increase in the future,” said Alert Logic president and CEO Gray Hall. “We deliver full-service cloud-based IT compliance and security solutions, provisioned quickly and easily, for a predictable monthly fee. By making our solutions available directly or through one of our many service provider partners, our solutions fit any IT governance model.”
Other important milestones achieved in the first half of 2009 include:
The company released a major update to Alert Logic Log Manager, its flagship log management product. Log Manager 2.0 now features a new, grid-based, storage architecture as well as improved search and reporting capabilities.
Alert Logic continued to expand its Vanguard channel sales program with the addition of several new partners including Halock, Digital Discovery, Frontline and S3.
Demonstrating its commitment to protecting its customers’ data, Alert Logic received a Statement on Auditing Standards No. 70 (SAS 70) Type II audit report detailing the security measures that the company undertakes to ensure the protection of customer data.
Alert Logic continued expanding its presence in the IT service provider market, driving further growth through its network of service provider partnerships with hosting providers, managed service providers, IT distributors, and security and compliance consulting firms. IT industry analysts including Gartner, The 451 Group and Tier 1 Research have recognized Alert Logic’s leadership in the service provider market.
Alert Logic announced the appointment of Gray Hall to the position of President and CEO. Mr. Hall will also assume the role of Chairman of the Alert Logic Board of Directors.
About Alert Logic
Alert Logic is a leading provider of cloud-based IT compliance and security solutions. By enabling its customers to detect threats, eliminate vulnerabilities, and manage log data, Alert Logic provides the easiest way to secure networks and comply with policies and regulations. Alert Logic’s cloud-based platform utilizes Software-as-a-Service to deliver the benefits of rapid deployment, zero maintenance, and no upfront capital costs. As a result, Alert Logic customers benefit from easy and affordable compliance and security. Based in Houston, Texas and founded in 2002, more information about Alert Logic can be found at http://www.alertlogic.com.