PGP Corporation Records Largest Single Quarter in Company's History; Achieves 24th...

PGP Corporation Records Largest Single Quarter in Company's History; Achieves
24th Successive Quarter of Year Over Year Growth
New Customers and Awards Continue to Strengthen PGP Corporation's Encryption
Market Leadership and Prominence

MENLO PARK, Calif., July 31 /PRNewswire/ -- PGP Corporation, a global
leader in enterprise data protection, today announced record-breaking
performance for the second quarter of 2008, ending June 30, 2008. Surpassing
first quarter results by 23 percent with the largest customer bookings quarter
in the Company's history, PGP Corporation completed its 24th consecutive
quarter of year over year business growth and has achieved over 40 percent
growth over the same quarter in 2007. The PGP(R) Encryption Platform business
of the PGP product portfolio has grown 87 percent year over year for first
half of 2008, demonstrating that corporate customers are moving to a centrally
managed platform for all their encryption application needs including policy
management, key management among other functions. Additionally, PGP
Corporation continued its impressive global growth, specifically in the U.K.,
where business increased over 680 percent from 2007. Key milestones in the
quarter included significant competitive customer wins, industry awards, added
leadership and a relocation of PGP Corporation's Silicon Valley headquarters
to Menlo Park, CA, to support its global expansion and increasing presence in
the market.
"The recent consolidation in the market indicates that other security
vendors are trying to address encryption needs with point solutions," said
Phillip Dunkelberger, president and CEO of PGP Corporation. "As the market
grapples with endpoint products, PGP Corporation has been innovating and
delivering for over three years with a holistic approach to protecting
valuable data; how to encrypt it, apply policy, integrate within large
enterprise ecosystems and manage the corresponding encryption keys. Without a
centrally managed encryption platform that can address the multitude of
encryption applications today, and scale to support future innovation,
customers and their data will be at risk."
Customer Leadership
Testament to the Company's growing leadership position and prominence in
the data encryption market, is the selection of the award-winning PGP(R)
Encryption Platform applications by world leading organizations in the quarter
including major global financial services provider, Barclays Bank PLC; a
leading international tax, audit and advisory firm; a leading semiconductor
chip manufacturer; a credit and information bureau; and a major renowned
academic institution. Each of these customers has chosen the PGP(R)
Encryption Platform as the foundation of their enterprise data protection
strategy.
Additionally, DIEHL Informatik GmbH, Software AG and William Hill all
completed successful deployments of the PGP(R) Encryption Platform and are
using the PGP(R) technology to safeguard sensitive customer and corporate
information; adhere to privacy and compliance regulations; and ensure
protection of their company's brand and reputation. According to the Ponemon
Institute, encryption platform solutions that provide comprehensive key
management and centralized policy administration are the next step in the
evolution of data security. These capabilities are key strengths of the
PGP(R) Encryption Platform and already in use today by thousands of PGP(R)
customers.
Technology Innovation Fuels Industry Recognition
Known for being an industry pioneer and provider of forward-looking data
protection solutions, PGP Corporation continues to be recognized for its
technology and market leadership. Recent industry recognition includes being
named winner of TechWorld's 2008 "Encryption Product of the Year," and "Best
Buy" winner of SC Magazine's Email Security Group Test for the second
consecutive year.
PGP Corporation also continued to strengthen its management bench. Key
new executive hires included the appointment of Steven Soderberg to CIO;
Masayuki Kitahara to managing director, PGP Japan K.K.; and Jim Adkins to vice
president of engineering. Soderberg, Kitahara and Adkins each come to PGP
Corporation with proven expertise in their areas with established industry
brands and will be instrumental in driving the Company's corporate and product
strategies to take enterprise data protection to the next level.
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 Contacts for PGP Corporation:
Tom Rice
Merritt Group
+1 703 856 2218
rice@merrittgrp.com

U.K.:
Jacqui Depares / Richard Scarlett
Johnson King
+44 (0) 20 7401 7968
pgpteam@johnsonking.co.uk

Germany:
Ingrid Daschner
Johnson King
+49 (0) 89 8940 8511
ingridd@johnsonking.de

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

Tom Rice of Merritt Group, +1-703-856-2218, rice@merrittgrp.com; U.K., Jacqui
Depares or Richard Scarlett, both of Johnson King, +44 (0) 20 7401 7968,
pgpteam@johnsonking.co.uk; Germany, Ingrid Daschner of Johnson King, +49 (0)
89 8940 8511, ingridd@johnsonking.de