LONDON, March 30, 2009 — CREDANT Technologies, a market leader in data protection solutions, today announced that European independent IT analyst firm Bloor Research has found that CREDANT has made significant gains in the two markets it serves and is building on that momentum.

In its latest market updates, Bloor classifies CREDANT as a “champion” in the data encryption market and an “innovator” in the enterprise data protection market. In comparison to last year, CREDANT’s position moved significantly closer to the center, representing very high scoring across categories in 2009.

“While protecting over five million devices worldwide, we’ve proven that our solutions are robust with features, easy to use and a must-have in the increasingly compliant-centric world we live in,” said Michael Callahan, CREDANT Technologies, Vice President and Chief Marketing Officer. “Our patented, data centric, policy-based, centrally-managed software continues to deliver solutions to our customers and lead the market.”

The Bloor report emphasizes the importance of these services in a difficult economy. Bloor Research Analyst Nigel Stanley believes that “thinking strategically and preventing data loss, organizations will be better placed to ride out the current recession,” and that encryption services should be “very high on any IT security professional’s agenda.”

“We are seeing the Enterprise Data Protection market mature as leading vendors such as CREDANT enhance their offerings and start to deliver solutions that really address the issue of protecting organizational data. It is exciting to see how vendors have stepped up to the mark and have begun to solve this complex problem, ” said Nigel Stanley, Practice Leader of IT Security at Bloor Research.
 

About Bloor Research

Founded in 1989 Bloor has maintained a consistently high standard, acknowledged by international press and other industry analysts and commentators as being some of the most authoritative work on computing and business issues. Bloor analysts combine their deep knowledge of technology with current trends and drivers in business to assess appropriate technologies and their suitability for businesses now and in the future. They also combine this knowledge and the information gained from interviews with customers and vendors to provide cross-the-industry views for our framework. The Bloor approach to analysis is based around the Bullseye™ open research framework from the Bullseye Foundation to ensure rigorous, accurate and consistent analysis and clear and meaningful visualization of market segments and solutions.

About CREDANT Technologies
CREDANT^Ò Technologies is the market leader in endpoint data protection solutions. CREDANT’s data security solutions mitigate risk, preserve customer brand, and reduce the cost of compliance, enabling business to “protect what matters.” CREDANT Mobile Guardian is the only centrally managed endpoint data protection solution providing strong authentication, intelligent encryption, usage controls, and key management for data recovery. By aligning security to the type of user, device, and location, CREDANT permits the audit and enforcement of security policies across all computing endpoints. Strategic partners and customers include leaders in finance, government, healthcare, manufacturing, retail, technology, and services. CREDANT has been recognized by Inc. magazine as the #1 fastest growing security software company in 2008 and 2007; was selected by Red Herring as one of the top 100 privately held companies and top 100 Innovators; and was named Ernst & Young Entrepreneur of the Year^Ò 2005. Austin Ventures, Menlo Ventures, Crescendo Ventures, Intel Capital (NASDAQ:INTC), and Cisco Systems (NASDAQ:CSCO) are investors in CREDANT Technologies. For more information, visit www.credant.com.

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