PGP corporation exceeds $100 million in cumulative product bookings

PGP Corporation, a global leader in enterprise data security and encryption solutions, has announced that it has exceeded $100 million in cumulative product bookings over the course of its four years as a newly formed company since its separation from Network Associates, including more than $40 million in the last 12 months.

Ray Rothrock, managing general partner of Venrock Associates, a renowned venture capital firm focusing on companies in information technology, healthcare, and emerging technologies, said, “Having been involved with nearly 400 startup companies, we recognise just how impressive it is for a software company to exceed $100 million in bookings in just four short years of existence. PGP Corporation has established itself as a company to watch. It boasts a strong management team, robust product offerings, a solid customer roster, and a great market space in which to compete and win. We congratulate the company on this fantastic achievement.”

The company also realised notable results for the first half of 2006, as new orders grew in excess of 40 percent compared with the first half of 2005. The first two quarters of 2006 represented the company’s 15th and 16th consecutive quarters of growth. Enterprise acceptance of the PGP Encryption Platform was particularly strong, with PGP products now in use at 94 percent of the 2006 Fortune 100 companies.