Press Release: Netwrix Corporation Reports Record 2009 with 171% Growth
Industry Recognition, Innovation and Continued Profitability Highlight Year for Netwrix
PARAMUS, New Jersey, March 3, 2010 - Netwrix Corporation, the innovation leader in systems management and compliance solutions, today announced the company´s record 2009 results which have dramatically exceeded industry standards with 171% growth, year over year, continuing its profitability and innovation since the Company´s inception in 2006.
"Our focus on delivering quality products and services clearly shows in our strong position in the SMB market and our expanding focus on enterprise customers," said Michael Fimin, President and CEO, Netwrix Corporation. "Netwrix prides itself on listening and adhering to our customer´s demands, which has had a ripple affect across the board, including a growth in our headcount three-fold and our major product developments within our Change Auditing, Indentity Management and Regulatory Compliance solutions."
Netwrix infuses more than 50% of its yearly revenue back into the research and development of new features and benefits of its products. This has contributed to a high level of technology advancement and multiple awards, including the Penton Media´s Windows IT Pro(R) magazine 2009 Community Choice Award and the 2009 Editors Best Award for the company´s Active Directory auditing product as well as the Virtualization Review´s Reader´s Choice Award for the company´s VMware auditing product.
"Our outstanding customer service with close involvement of developers into customer service processes has shown in our growth during the 2009 calendar year," said Fimin. "Each sales representative is backed by 10 customer service professionals, which has helped us garner a 99.9% issue resolution rate with outstanding levels of customer satisfaction. This has allowed Netwrix to service the needs of our customers and provide new ideas and innovation to push the evolution of our innovative solutions."
Netwrix Corporation provides change auditing, identity management, regulatory compliance, and endpoint management solutions. Netwrix Change Reporter Suite provides an integrated approach to change auditing to monitor who changed what, when and where in IT infrastructure. Netwrix Identity Management Suite solves the most critical identity management challenges, such as password management and provisioning. Netwrix Regulatory Compliance Suite addresses various government and industry imposed compliance regulations, such as HIPAA, SOX, and PCI, in a unified way. Netwrix Endpoint Management Suite delivers common framework for endpoint security management, such as peripheral device lockdown and power saving.
About Netwrix Corporation
Netwrix Corporation is the innovation leader in solutions for change reporting, auditing, identity management and compliance. By simplifying and automating systems management and compliance, Netwrix helps organizations prevent security breaches and reduce risk. Thousands of customers worldwide use Netwrix products, including Citigroup, Barclays, University of California, Penn State University, Cambridge University, Chevron, U.S. Army, U.S. Federal Reserve, NASA, CVS Caremark, Lexis Nexis, Boeing, and Lockheed Martin. Founded in 2006 and headquartered in Paramus, New Jersey, Netwrix sells its products directly and through a select global network of channel partners. Many Netwrix products are also available as a freeware version. For more information, please visit the company´s website at: www.netwrix.com.
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