Cymtec Systems Posts 35% Sales Increase in Record-Breaking First Quarter of 2009
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ST. LOUIS, MO, Jun 15 (MARKET WIRE) --
Cymtec Systems(R), a leading provider of products that help companies
optimize network performance and fulfill the rigorous audit and
compliance standards imposed on today's organizations, today announced a
vigorous start to 2009, with first quarter revenue increasing in excess
of 35 percent over the previous quarter. The increase was due largely to
record sales of its flagship network optimization and visibility
appliance for remote and branch office environments, Cymtec Sentry, with
revenues increased in excess of 100 percent over the same quarter for the
previous year.
"Cymtec is one of a small cadre of vendors we've identified that is
focused specifically on providing visibility, performance and security
for remote and branch office environments," said Paul Roberts, senior
analyst, The 451 Group. "The company's strong first quarter sales suggest
that a difficult economy and the continuing challenges of compliance are
creating opportunities for well positioned companies that can provide
visibility and control of distributed enterprise networks -- a major
priority for CIOs and network managers across industries."
As remote and branch office networks become increasingly essential for
small to mid-sized companies, particularly in the technology sensitive
organizations, such as law firms, so too does the need for better and more
affordable technology to effectively manage, troubleshoot and optimize
those environments. Cymtec Sentry is the only solution available that
meets the specific performance and visibility needs of remote and branch
offices, which has led to increased demand for the product despite a
challenging economy and tightened IT budgets.
Expanding Customer Reach
On the heels of adopting a fully channel-based distribution strategy in
the second half of 2008, Cymtec expanded its reach into several core
vertical markets in Q1 2009. While adding more new customers than in any
previous quarter, Cymtec expanded with new customer wins across the
legal, financial services, healthcare and manufacturing markets. Cymtec
has defied a challenging economy while demonstrating the critical need
for its products among network managers at mid-sized organizations in all
markets.
In addition to Cymtec Sentry, Cymtec continues to enjoy success with its
unique Cymtec Scout "plug and play" Software-as-a-Service (SaaS) Intrusion
Detection System (IDS). Cymtec Scout provides powerful threat detection
capabilities that allow IT managers to better protect their network assets
before threats impact business operations. Cymtec Scout is the only
network intrusion detection solution (IDS) in the market delivered
entirely through a SaaS model.
"Cymtec's current growth is being fueled by a commitment to providing
tools that help companies optimize network performance and meet the
strict audit and compliance standards faced by organizations across
industries," said Andrew S. Rubin, President and Chief Executive Officer,
Cymtec Systems. "Our record performance in the first quarter underscores
how effective we've been in accurately assessing the market need for our
solutions, listening to our customers and engineering best-of-breed
technology."
About Cymtec Systems
Cymtec Systems provides tools that help companies optimize network
performance and fulfill the rigorous audit and compliance standards
imposed on today's organizations. Known for ease of deployment and
simplicity of operation, as well as the industry's lowest Total Cost of
Ownership (TCO), Cymtec's plug-and-play product line, including Cymtec
Scout(R) and Cymtec Sentry(R) provide traditional Intrusion Detection
(IDS), as well as the unique visibility and control necessary to manage
today's remote and branch office environments. To learn more about Cymtec
Systems please visit www.cymtec.com.
Media and Analyst Contacts:
Katelyn Henry
Version 2.0 Communications
1.617.426.2222
Email Contact
Andrew Rubin
Cymtec Systems, Inc.
+1.314.993.8700 Ext. 11
Email Contact
Copyright 2009, Market Wire, All rights reserved.
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