subject: FoxT Announces Achievement of Profitability for 2009 and Record Q4 Bookings [print this page] MOUNTAIN VIEW, CA--(Marketwire - January 11, 2010) - Fox Technologies, Inc., a leading provider of complete enterprise access management solutions, today announced that increased demand for privileged account management enabled them to successfully achieve profitability for 2009. FoxT's fourth quarter, 2009 order volume, the highest in the company's history, was 41.6% higher than the previous record-breaking quarter. "Despite continued challenges in the global economic climate during 2009, we experienced significant growth in new customer acquisition and our install base primarily because organizations continued to invest in solutions that simplify regulatory compliance, increase protection against insider fraud, and reduce IT administration costs," stated Subhash Tantry, CEO at FoxT. "Another key factor to our success in 2009 was strategic decisions by current customers to make FoxT's BoKS Access Control for Servers their world-wide corporate standard, a real vote of confidence for our current products and strategic vision." The BoKS Access Control for Servers and BoKS Access Control for Applications solutions enable organizations to rapidly implement centralized administration, contextual authentication, granular authorization, and consolidated audit reports across their diverse server and business application environments. The ability to centrally control delegation for privileged users (such as system administrators, network administrators) at the operating system level as well as the ability to control business user access to applications enables organizations to secure more of the IT stack and further simplify regulatory compliance. "I am very encouraged by the performance levels we achieved in 2009 and the uptick in customer activity levels," stated Gary Sanders, CFO at FoxT. "Achieving profitability is a very significant milestone for our organization. FoxT's ability to demonstrate strong ROI and compelling business value around securing corporate data assets has us well positioned for continued profitable growth in 2010." About FoxT FoxT protects corporate assets with an enterprise access management solution that centrally enforces granular access entitlements, in real-time, across operating systems and business applications on any networked device. The ability to proactively administer, authenticate, authorize, and audit access across diverse platforms, down to the file and device level, enables organizations to greatly reduce compliance and audit costs, streamline IT security administration, and protect corporate value by mitigating the risk of insider fraud. Headquartered in Mountain View, California, FoxT serves Global 1000 customers in 32 countries. For more information -- www.foxt.com or email sales@foxt.com.
FoxT Announces Achievement of Profitability for 2009 and Record Q4 Bookings
By: Market Wire
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