Lancope Gains Momentum with Continued Revenue Growth and New Customer Acquisitions
ATLANTA, Ga., February 10, 2004
Lancope, Inc., the leading provider of behavior-based threat detection and network intelligence solutions, today announced record growth in 2003 when the company more than doubled its customer base which includes leading Global 2000, university and government organizations. Rapid growth in terms of revenues, customers and partners illustrates Lancope’s growing momentum.
With the addition of 18 partners during 2003, Lancope’s Channel Partner Program has more than tripled in size and contributed more than 10 percent of Lancope’s total revenues. Lancope attributes another 40% of revenues to repeat orders from existing early adopter customers. New customers accounted for nearly 50% of revenues. Currently, Lancope’s extensive customer base has deployed several hundred StealthWatch™ sensors that monitor more than 6 million hosts around the world.
Lancope has gained broad industry penetration with a concentration in a cross-section of verticals, including Technology & Media, Travel & Entertainment and Healthcare. In 2003, Lancope achieved the greatest inroads in the Financial, Higher Education, Telecom and Energy industries. Government-related customers include national security and Department of Defense agencies as well as state governments.
“Gaining significant momentum among the Global 2000, universities and government agencies, Lancope has become the network security solution of choice for enterprises seeking to optimize security and network operations while leveraging their existing network infrastructure and investments,” said Harland LaVigne, president and CEO of Lancope. “Recent customer wins, including Nielsen Media, Boyd Gaming, Stanford University and Northwestern University, demonstrate our growing success and position us advantageously for 2004.”
Overwhelming industry-wide acceptance of Lancope’s next-generation behavior-based StealthWatch system is a major factor in driving the company’s success. The StealthWatch system, which includes StealthWatch, StealthWatch+Therminator™ and StealthWatch Management Console™, provides enhanced network and host level security as well as powerful visualization of network activity in order to optimize security and network operations. Enabled by its patent-pending flow-based architecture, StealthWatch detects zero-day attacks without signatures, exposes unauthorized applications and misconfigured network devices, monitors network performance and delivers insightful forensic analysis.
About Lancope and StealthWatch
Founded in 2000, Lancope is the leading provider of next-generation network integrity solutions that deliver behavior-based threat defense, policy enforcement and insightful network intelligence. With integrated visibility across network security, traffic characteristics and host-level activity, Lancope's StealthWatch solutions provide unparalleled network protection and optimization. Both OPSEC and Common Criteria certified, StealthWatch has received numerous accolades. Most recently StealthWatch received a 5-star rating for technology excellence from CRN Magazine. In addition, StealthWatch has received the Innovation In Infrastructure Award from eWeek and PC Magazine and was honored "Most Impressive" by eWeek. Defending the networks of Global 2000 organizations, academic institutions and government entities, Lancope protects the critical assets of today's sophisticated enterprises. For more information, visit www.lancope.com.
