IDC Names CipherTrust The Market Leader In Secure Content Management Appliances
September 9, 2004 – CipherTrust, Inc., the leader in messaging security, today announced that IDC, the premier global market intelligence and advisory firm in the information technology and telecommunications industries, listed the company as the leading secure content management (SCM) appliance vendor, based upon revenues, attaining 19.9 percent of the marketplace in 2003. This data shows that CipherTrust has a firm hold on the messaging security market, a primary component of SCM, possessing greater than three times the market share of its closest direct competitor.
According to IDC, the “SCM appliance market has exploded onto the security scene”, reaching $130.8 million in revenue during 2003, representing an 89 percent increase in market size in just 12 months. In fact, CipherTrust has grown even faster than the market with 160 percent growth in 2003, extending its lead over slower growth competition. For more information about IDC’s findings for worldwide SCM appliance market share, please visit http://www.ciphertrust.com/company/press_and_events/idcscm.html.
Brian Burke, research manager, security products for IDC said: “The SCM industry is booming and appliance-based solutions are at the center of this market. With new risks to corporate messaging systems emerging on a daily basis, this market will continue to show rapid growth in the coming years. As the market leader, CipherTrust is well positioned to continue to take advantage of the interest and investment in messaging security appliances.”
The SCM appliance market is defined as a combination of hardware and software to primarily perform messaging security, web filtering and virus protection. IDC’s report states that the combination of appliances’ growing popularity in the security landscape with the strong demand for SCM solutions has made this market a hot growth area. CipherTrust’s IronMail created this market by shipping the first email security gateway in 2001 and since that point has led the market by introducing new technologies in the appliance form factor.
Mike Rothman, vice president of marketing for CipherTrust, said: “During the past several years, CipherTrust has continued to expand market share in a very competitive market. This is a testament of the strength of our technology and the trust we’ve earned protecting the email infrastructures of over 1000 customers. Additionally, as the only pure play messaging security appliance vendor which has been profitable for the last eight consecutive quarters, our customers can depend on CipherTrust for the duration.”
About CipherTrust, Inc.
CipherTrust, Inc. is the leader in messaging security. The company’s powerful, award-winning IronMail appliance combines the five critical e-mail security components of spam and fraud prevention, virus and worm protection, policy and content compliance, e-mail privacy, and secure e-mail gateway capabilities into a single easy to deploy and manage platform. IronMail protects the messaging systems of more enterprise e-mail users than any other solution, including 30 percent of the Fortune 100. CipherTrust’s investors include Battery Ventures, Greylock, U.S. Venture Partners, Noro-Moseley and Silicon Valley Bank. For more information about CipherTrust, please visit www.ciphertrust.com