WhiteHat Security kicks off 2007 with record growth and momentum

WhiteHat Security announced accelerated growth and momentum in 2006. The company closed a record-setting fiscal year by tripling its client roster, including the addition of 10 Fortune 500 companies, and increasing its sales by 300 percent over the previous year.

During 2006, WhiteHat Security experienced a four-fold increase in the number of websites under management, securing its position as a market leader. The company attributes its momentum to the continued adoption of WhiteHat Sentinel, its website vulnerability management service. WhiteHat Sentinel is the only service that integrates expert analysis and industry-leading technology to provide unparalleled coverage. In addition, 2006 brought continued penetration in key industries including financial services, healthcare and e-commerce.

“WhiteHat’s growth in the market is exciting and validates the fact that website vulnerability management is a service in demand now more than ever,” said Ho Nam, general partner and co-founder, Altos Ventures. “WhiteHat’s increasing customer base is a testament to the Company’s brand and promise of delivering complete website vulnerability management controlled by customers and managed by experts.”

Further augmenting the Company’s significant corporate growth and market momentum, WhiteHat doubled its number of employees with additions across the board in operations, development, sales, marketing and quality assurance. The increased employee base resulted in the addition of three new regional offices in 2006 and plans for a larger corporate headquarters that will double the current physical size in early 2007. WhiteHat also added four U.S. channel partners to its network, thereby expanding the distribution of the Company’s services.