|[January 10, 2013]
Gazzang Capitalizes on Big Data Security, Reports Record 2012
AUSTIN, Texas --(Business Wire)--
the Linux data security company, today announced the company recently
completed its strongest quarter to-date. Year-end sales for Gazzang grew
more than 4x from 2011 to 2012. Also during 2012, Gazzang strengthened
data security product portfolio, expanded its go-to-market channels,
and more than doubled the average deal size compared to 2011. These
milestones helped the company secure $4 million in funding in December
from Austin Ventures and Silver Creek Ventures.
"Our performance during the fourth quarter and fiscal year 2012 is
further proof that we're well positioned at the confluence of the
maturing big data market and the mounting data security regulations that
organizations must enforce," said Larry
Warnock, president and CEO of Gazzang. "As savvy enterprises begin
to adopt an 'encrypt everything' approach to their sensitive and
regulatory data, we believe that will drive even greater demand for
robust key and secure object management and access controls. These
market conditions will set the stage for an exciting and successful
2012 highlights include:
Strong Sales - Compliance requirements such as HIPAA-HITECH,
and the EU
Data Protection Directive, as well as the need to secure and
govern sensitive data, continue to drive demand. The company saw
significant growth in new business and existing customer accounts,
with strong traction in health care, retail, financial srvices and
public sector organizations.
Product Innovation - Gazzang significantly expanded its product
portfolio by adding the following products:
zTrustee™, a universal key manager that stores and manages
cryptographic keys, certificates, configuration files, tokens and
any other opaque object.
zOps™, a SaaS (News - Alert) solution for monitoring the performance of an
organization's Gazzang applications and the health of its Linux
zEscrow™, a key backup and recovery service for Ubuntu (News - Alert).
Gazzang provides Linux data security solutions and operational
diagnostics that help enterprises protect sensitive information and
maintain performance in cloud environments. Gazzang is backed by Austin
Ventures and Silver Creek Ventures. For more information, visit www.gazzang.com.
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