Press Release: Netwrix Corporation Revenues Soar 800%
Innovative Software Provider of Systems Management and Compliance Solutions Booming Despite Sluggish Economy
Paramus, New Jersey, September 4, 2008 - Netwrix Corporation, a privately held software company that provides systems management and compliance solutions for Active Directory and virtualization environments, today announced financial results for the second quarter of 2008 that show an 817% growth in revenue over the year-ago quarter of 2007.
While such explosive growth is surprising, given today's challenging economic climate, the announcement underscores the overall vitality of Netwrix, which continues to experience rapid and sustained growth as more companies discover the clear benefits of having effective and affordable systems management and compliance tools in place. Netwrix's suite of new and innovative products, coupled with the company's cost-effective pricing structure, paved the way for the surge while, at the same time, expanding the horizons of its customers, who seek a rapid return on their investment.
"At Netwrix, we have always been dedicated to developing solutions that focus on the most important but painful aspects of systems management," said Netwrix President and CEO Michael Fimin. "We believe that these strong revenue numbers reflect that dedication while highlighting our ongoing commitment to providing IT professionals with effective tools that beat our competitors' price and quality."
Solutions developed by Netwrix Corporation help organizations to meet compliance standards, simplify systems management, and reduce IT infrastructure costs. The product line includes solutions for change management, identity management, and virtualization.
About Netwrix Corporation
Established in 2006, Netwrix Corporation provides innovative and cost-effective solutions that simplify and automate systems management and compliance. With in-depth knowledge and experience in managing IT environments of all sizes, the company delivers solutions to meet complicated business requirements while fulfilling the highest expectations of IT professionals. Netwrix Corporation is a privately held company headquartered in Paramus, New Jersey. For more information, please call 888-638-9749 or visit the company's Web site at http://www.netwrix.com.
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