AUSTIN, TX -- (Marketwire) -- 01/14/10 -- CoreTrace, the pioneer of client-based application whitelisting technology, today announced the close of its eighth consecutive quarter of record growth, in which the company experienced a 500 percent revenue growth over 2008. This growth highlights a year in which CoreTrace's award-winning BOUNCER technology emerged as one of the leading endpoint security solutions in the application whitelisting market.
"As more complex Web-based malware continue to pose greater threats to businesses, CoreTrace is committed to helping its customers protect their networks, accounts and corporate assets from all forms of malware and viruses, including threats yet to come," said Toney Jennings, president and chief executive officer for CoreTrace. "The release of BOUNCER 5.0 continued to set us apart from other endpoint security solutions. Aside from being the only endpoint solution in InfoWorld's review that successfully protected against memory exploits, some of our other product features around whitelisting trusted ActiveX installations and our ability to handle product updates illustrate CoreTrace's unique competitive differentiators in the application whitelisting market."
To further validate CoreTrace's leadership position in the market, in December GlobalSCAPE, Inc. (NYSE Amex: GSB), a leading developer of secure information exchange solutions, invested $2.3 million in the company.
"As a proven leader in the application whitelisting space, CoreTrace's landmark technology is leading the way for endpoint solutions that protect IT infrastructure from malware and other viruses, including new variants that aren't known yet," said Craig Robinson, chief operating officer for GlobalSCAPE. "Where most traditional security technologies focus on detecting and defeating known malicious software and unique executables, application whitelisting doesn't play cat and mouse with malware. If software is not on the whitelist, it doesn't run. Period. We are very impressed with CoreTrace's innovative BOUNCER technology and pleased to see growing industry recognition that whitelisting solutions are increasingly necessary to help IT organizations better protect their environments."
Along with several strategic partnerships like Emerson Process Management and SignaCert, Jennings recognized several industry moves in 2009 that continued to demonstrate that the application whitelisting market is coming of age. McAfee acquired SolidCore Systems, which provides whitelisting technology for relatively static environments like point of sale terminals, and Microsoft included whitelisting technology in Windows 7's via the AppLocker feature. He said both were critical turning points for the future of endpoint security.
"Some of the world's leading technology companies made critical decisions to include whitelisting in their endpoint security strategies," said Jennings. "These moves sent a clear message to the security industry. There's a shift currently taking place in the industry. With traditional blacklisting programs unable to effectively catch growing malware threats, whitelisting is becoming the primary defense for endpoint security."
CoreTrace® is the pioneer of client-based application whitelisting. The company's award-winning and patented high-security, easy-change BOUNCER solution is at the forefront of the movement in next-generation endpoint control and security solutions. Unlike other application whitelisting solutions that are simply lockdown technologies, BOUNCER's "Trusted Change" capability enables IT professionals to predefine multiple sources from which users can safely install applications and have them automatically added to the whitelist -- all with minimal IT involvement. The result: full prevention of unauthorized applications, improved overall security, and lower total cost of ownership compared to alternative whitelisting and traditional blacklisting antivirus solutions. CoreTrace's customers include organizations in a wide variety of industries, such as energy, oil and gas, financial services, telecommunications, as well as government agencies.