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January 04, 2010

Despite Recession, NetWitness Realizes Substantial Growth, Profitability in 2009


NetWitness Corporation, a provider of automated threat intelligence and real-time network forensics, has reported exceptional performance for the 2009 fiscal year. The company enjoyed revenues in 2009 that were 220 percent of the previous year, while it also experienced significant increases in all key corporate performance measures.


Six straight quarters of profitability and NetWitness’ (News - Alert) ability to deliver aggressive growth in a global recession demonstrate its ability to deliver compelling security value to a broad market.

Strong momentum has been a continuous reality for NetWitness throughout industries where security focus exists and organizations understand advanced threats and the need for continuous network security monitoring. Over the past year, enterprise deployments of NetWitness increased by 70 percent across U.S. government agencies.

In addition to this growth, the company also added new customers and sold follow-on deployments throughout the world to the Global 100 in the financial services, critical infrastructure, technology and manufacturing sectors. In 2009, the number of NetWitness enterprise customers increased by more than 50 percent.

“Attacks are now targeted at specific resources and are designed to evade detection,” said Mark Nicolett, vice president and distinguished analyst at Gartner (News - Alert), Inc., in a statement “The evidence of malicious activity is usually hiding in plain sight, and is undetected due to an inability to discern a pattern of abnormal activity or access from the normal activity patterns. Recognition and discovery of the weak signals of abnormal activity are now critical components of an organization’s overall data protection and security strategy.”

To support this growth, NetWitness expanded its Herndon, Va. Headquarters in 2009. The company also opened its first international headquarters in the U.K. based on rapid customer growth within Europe, the Middle East and Africa. Additional expansion is supporting continental Europe, Latin America and the Asia Pacific geographies.

“Despite the challenging worldwide economic climate, NetWitness surpassed its growth and profitability objectives for 2009,” said Dana Duffy, CFO of NetWitness Corporation. “Given our explosive growth, successful track record, and customer satisfaction, we are confident that our 2010 performance will continue to show aggressive revenue increases worldwide.”

In November, the company unveiled version 9.0 of its NextGen enterprise network forensics and advanced threat intelligence platform. This new version is not a simple evolution of a packet-sniffing technology, but is a true revolution in automating network intelligence at the application layer and real-time network forensics.

In October 2009, Terremark Worldwide, Inc., a company that provides IT infrastructure services to government and enterprise customers, has reportedly added NetWitness NextGen to the range of managed security services offered to its Enterprise Cloud customers.

Susan J. Campbell is a contributing editor for TMCnet and has also written for eastbiz.com. To read more of Susan’s articles, please visit her columnist page.

Edited by Erin Harrison


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