RippleTech, Inc. Achieves Record Sales in 2006.Industry Recognition and Customer Loyalty Contributes to Financial Growth; New Products Set Stage for 2007 CONSHOHOCKEN, Pa. -- RippleTech, Inc., (www.rippletech.com), a leading provider of enterprise IT compliance and data security solutions, announced Monday it achieved record-breaking sales revenue and growth in 2006 for the second year in a row. Revenue growth has topped 100% in the last two years. As was the case in 2005, sales were spurred by positive market response to LogCaster, RippleTech's flagship software product that monitors IT networks and devices for compliance with security policies and regulations, with added momentum in 2006 coming from the introduction of Informant, a database monitoring application using innovative technology praised for its high performance architecture. "We work very closely with our clients to make sure our products continue to offer cost-effective solutions to meet their IT and business needs," said Brian McDonnell, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of RippleTech. "It is very gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to see those efforts rewarded by enthusiastic customer testimonials and exceptional sales growth." RippleTech attributes its consistent growth to increased product recognition in the industry, the company's reputation for remarkable customer service, the trend toward enterprise-wide adoption of LogCaster within its customer base, and a significant increase in the number of sales stimulated by customer referrals. Additionally LogCaster was awarded "Best of Show" for an enterprise solution at the Corporate and Channel Computing Expo in NYC NYC abbr. New York City NYC New York City in June. "Our 'Extreme Support' service model ensures our clients derive the value that they expect from our solutions through quick, intuitive deployments, fast request resolution, and a steady stream of customer-driven product enhancements. As a result, our clients are our best salespeople," boasted McDonnell. As the result of two acquisitions completed in 2006, RippleTech launched two new complementary business lines, professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. and database security monitoring. In March, they acquired Netforcement, a Conshohocken-based security agency that assists businesses in establishing security programs to protect complex computer networks. In April, they acquired Incache, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a New York-based provider of enterprise database security monitoring products. Incache's product, Informant, was upgraded and added to RippleTech's suite of products and released in December. Both companies relocated and integrated their operations to the RippleTech headquarters in Conshohocken and will play vital roles in 2007. For additional information about RippleTech or the LogCaster and Informant product suites, contact Peter Senescu, vice-president of worldwide sales and marketing, at (866) 739-8587 or visit the RippleTech web site at www.RippleTech.com. About RippleTech, Inc. RippleTech is a leading provider of enterprise IT compliance and data security solutions. Through its IT systems, database and application monitoring and reporting solution, RippleTech software provide continuous monitoring and controls along with normalized, cross-platform reports that span operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. , databases, devices, and applications. With pre-configured and automated reports for SOX, HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, , FISMA FISMA Federal Information Security Management Act of 2002 FISMA Federal Information System Management Act , Basel II, ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 17799, PCI (1) (Payment Card Industry) See PCI DSS. (2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus). and other regulations, RippleTech software minimizes the cost and complexity of IT governance and compliance. RippleTech's "Extreme Support," expert service and training, backs this growing line of security and compliance solutions. For more information, visit www.rippletech.com. |
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