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PGP Corporation Momentum Continues to Build in First Quarter of 2008 Palo Alto, CA / 14 April, 2008 – PGP Corporation, a global leader in enterprise data protection, today announced that for the first quarter of 2008 ending March 31, 2008 it achieved its largest single quarter bookings in PGP Corporation history. While successfully upgrading six of the PGP® Encryption Platform–enabled applications, the company achieved its 23rd consecutive quarters of (year over year) bookings growth and has recorded over $200 million in bookings since its inception in June 2002. Adding to the success of the quarter was a positive uptick in the managed business side of the PGP® product portfolio. The recently released Ponemon Encryption Trends Report shows more customers are adopting a single vendor, platform approach to centrally manage their enterprise data protection solutions; global corporate customers have the ability to do this now with the PGP Encryption Platform. “Global enterprise customers see the value of a centralized, standards-based encryption platform for defending their data – at the perimeter, in transit – wherever it lives or moves. Just as data is ubiquitous, security needs to be ubiquitous as well,” offered Phillip Dunkelberger, president and CEO of PGP Corporation. “The strength of our overall results led by sales of our PGP Encryption Platform is evidence that PGP Corporation has moved beyond a point product company to a total solutions provider.” Highlights of the quarter included:
About PGP Corporation PGP Corporation is a global leader in email and data encryption software for enterprise data protection. Based on a unified key management and policy infrastructure, the PGP® Encryption Platform offers the broadest set of integrated applications for enterprise data security. PGP® platform-enabled applications allow organizations to meet current needs and expand as security requirements evolve for email, laptops, desktops, instant messaging, smartphones, network storage, file transfers, automated processes, and backups. PGP® solutions are used by more than 80,000 enterprises, businesses, and governments worldwide, including 95 percent of the Fortune® 100, 75 percent of the Fortune® Global 100, 87 percent of the German DAX index, and 51 percent of the U.K. FTSE 100 Index. As a result, PGP Corporation has earned a global reputation for innovative, standards-based, and trusted solutions. PGP solutions help protect confidential information, secure customer data, achieve regulatory and audit compliance, and safeguard companies' brands and reputations. Contact PGP Corporation at www.pgp.com. Media & analyst contact for PGP Corporation: Tom Rice Merritt Group +1 703 856 2218 rice@merrittgrp.com Legal Notice Regarding Forward-Looking Statements Some of the statements in this press release are forward-looking, including statements regarding the availability, plans, delivery, goals, development, expected features, expected benefits and competitive position of PGP products implementing or leveraging the PGP technologies. All references made to product feature enhancements, improvements in Platform support or additional functionality are subject to change at PGP Corporation’s sole discretion. All future descriptions of PGP technology and products are subject to availability only if PGP Corporation decides to build them and when PGP Corporation decides to make them commercially available. Actual results could differ materially from those expressed in any forward-looking statements. Risks and uncertainties that PGP Corporation faces that could cause results to differ materially include risks associated with any unforeseen technical difficulties or software errors related to the final development and launch of any of PGP Corporation’s products; any technological, regulatory, or standards changes in the security, encryption and authentications market which could make PGP Corporation’s products less competitive or require feature changes in these products; any slowdown in the adoption by businesses of encryption suites, secure email, Internet technologies or related standard. The forward-looking statements contained in this release are made as of the date hereof, and PGP Corporation does not assume any obligation to update such statements nor the reasons why actual results could differ materially from those projected in such statements. PGP and the PGP logo are registered trademarks of PGP Corporation. Product and brand names used in the document may be trademarks or registered trademarks of their respective owners. Any such trademarks or registered trademarks are the sole property of their respective owners. ### |
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