Netwrix Corporation Reports Tremendous Growth in 2010
2010 Brings More Revenue than all Previous Years Combined, with Continued Profitability
PARAMUS, New Jersey, February 16, 2011 - Netwrix Corporation, the innovation leader in systems management and compliance solutions, announced today the record success for the year 2010. Major industry awards, new products, outstanding customer service, increased media attention, and company expansion have all been catalytic toward 112% revenue growth, continued profitability and 42% new customer acquisition rate in 2010. As has been the case every year since company inception in 2006, Netwrix, once again earned more in 2010 than in all previous years combined.
In 2010, Netwrix nearly doubled in size with key additions to R&D, marketing, sales and customer service teams. With both enterprise and SMB customers located throughout the world, Netwrix continues to affirm its status as an emerging brand with proven technologies that are used by thousands of organizations across the globe.
"We have performed a major switch from a startup to a growth-stage company, with well-established management, clearly defined strategy and major plans for growth." said Netwrix President and CEO Michael Fimin. "We are on the way to significantly greater expansion in all strategic directions."
Netwrix introduced the Change Reporter Suite in the first quarter of 2010, an integrated auditing and compliance solution for the entire IT infrastructure, and has since continued to enhance it with major feature additions, such as auditing of network devices, server configuration, SharePoint and other systems. New offerings in Endpoint Management, Green IT and e-Discovery also helped Netwrix tap new markets.
Future plans in 2011 for technology development include new products and major improvements to all key product offerings.
"We are very excited about the next generation of products that are currently in the final stages of development", said Netwrix CTO Alex Vovk. "All of our new solutions will include game-changing enhancements that we expect to revolutionize the Netwrix product catalog. Netwrix is also planning to offer a number of software-as-a-service (SaaS) solutions by the end of 2011."
The company received 13 awards in 2010, including the WindowSecurity.com Gold Award for Excellence (Change Auditing), the WindowSecurity.com Readers Choice Award (Group Policy Auditing), the Best of Microsoft Tech-Ed 2010 (Endpoint Security), Windows IT Pro Community Choice Gold Award (Auditing and Compliance) and nine other Windows IT Pro Community Choice and Editors Best honors, represented in a wide range of categories, including Best Active Directory and Group Policy product, Best Systems Management Product and more. Netwrix was once again recognized as a Microsoft Gold Certified Partner.
"The awards represent the work that goes into every Netwrix solution," said Netwrix Product Manager Stephen Schimmel. "Every step along the way, from product development to sales and support, is an important part of the award-winning process, so these honors really embody the merit of our products, as well as Netwrix as a whole."
Positive reviews by Windows IT Pro, Redmond Magazine, TechRepublic, WindowSecurity.com,4Sysops.com, Processor, ZDnet, CMSwire, SharePointPro, ECMconnection, MSexchange.org, Network World and other sources recognized the quality and innovation of Netwrix solutions.
"If you need AD reporting and want better protection, but don’t have a lot of coin, Netwrix should be your first stop in your product search."- Eric B. Rux, Windows IT Pro Magazine. "With the entire suite, you are covered for changes to just about all of your most valuable network servers and resources" – Deb Shinder, WindowSecurity.com.
Customer service has been an integral part of company expansion in 2010, and as result, now boasts a support-per-salesperson ratio of 10-1. In addition, Netwrix introduced numerous improvements to the support process, such as increased support call pickup time, the self-service customer support portal and others.
"Our job at Netwrix does not end at checkout time," said Netwrix Sales and Marketing Coordinator Bob Simoldoni. "Our duty is to ensure that all customers, both prospective and existing, receive the best customer care, and while I have always taken pride in the level of service that we have been able to provide our customers with, new improvements to the process have become evident."
Developments made to Netwrix sales channels began to play a large role in Netwrix’s success in 2010. The upcoming introduction of the dedicated channel management personnel will provide its channel network with the focused source of attention necessary to support partner efforts and establish new channel partnerships all over the world.
"Netwrix Active Directory Change Reporter did exactly what we needed, so we didn’t have to search any further," said Leo Aalsma, IT Coordinator at Calibris. "The product was easy to install, intuitive, affordable and it offered good support. It was very easy to justify the purchase of a product which proved itself in the trial period and came with excellent support."
About Netwrix Corporation
Founded in 2006, Netwrix Corporation provides cost-effective solutions to simplify systems management and compliance for multiple industry verticals. The company offers innovative solutions for a fraction of the price when compared to competitive solutions, and matches the award-winning solutions with reliable customer service, allowing customers to get the most out of their investments. Netwrix Corporation is a privately held company headquartered in Paramus, New Jersey. For more information, please call 888-638-9749 or visit the Web site at www.netwrix.com.
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