Sourcefire Exceeds Expectations For Q1 2006 With Sixteenth Consecutive Quarter of Record Revenue Growth; Company Becomes Cash-Flow Positive; Snort(R) Reaches 3 Millionth Download.COLUMBIA, Md. -- Sourcefire, Inc., the world leader in intrusion prevention See IPS and IDS. , today announced that the company beat all of its business goals for the first quarter of 2006, with revenues for the twelve months ending in Q1 growing more than 68 percent over the prior year period. Sourcefire also generated significant positive cash-flows for the quarter. Contributing to the company's success in Q1 were new orders from leading global organizations including the Australian High Tech Crime Centre The Australian High Tech Crime Centre (AHTCC) is an Australia-wide policing initiative to coordinate the efforts of Australian law enforcement in combating serious crime involving complex technology. The AHTCC is hosted by the Australian Federal Police. and Lockheed Martin For the former company, see . Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. . "Our continued ability to grow and achieve aggressive business goals, even during the recent period of uncertainty, is a true testament to the high caliber of Sourcefire personnel," said Wayne Jackson Wayne Jackson (born April 16, 1944) is best-known for his tenure as the CEO of the Australian Football League 1996 to 2003. SANFL Jackson played 71 games for West Torrens Football Club in the South Australian National Football League from 1965 to 1971 . , 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 Sourcefire. "By continuing to focus on what really matters - developing innovative technology that uniquely addresses our customers security requirements - Sourcefire remains a true industry leader with tremendous opportunities." Sourcefire also continued to build out its worldwide presence in Q1. As part of its European expansion strategy, Sourcefire promoted Graham Welch, UK Country Manager, to Managing director of EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. . In this role, Mr. Welch will build on the company's success in the UK to grow partnerships and sales channels throughout EMEA. In addition, the company's open source IPS, Snort An open source network intrusion detection system (NIDS) that is noted for its effectiveness. Developed by Martin Roesch, Snort can also be used just as a packet logger or packet sniffer. For more information, visit www.snort.org. See IDS. , reached a major milestone during the first quarter with its 3 millionth download since launching in 1998. Over the last twelve months, the number of visitors and hits on the Snort web site (www.snort.org) has doubled, now averaging 350,000 visitors and 13 million web hits per month. Sourcefire is widely considered one of the most innovative firms in the security industry, garnering more than 16 awards for its technology and business success since the beginning of 2005. In the first quarter of 2006, the Sourcefire 3D System took top honors at the annual SC Magazine Awards, being named the Best Security Solution in the U.S., and it was named the "Security Product of the Year" at the European NetEvents "Technology Leader" Awards. SC Magazine previously identified the Sourcefire 3D System as "Best IPS on the Market" in its July 2005 issue. About Snort(R) The Snort(R) open source intrusion prevention and detection technology was created in 1998 by Martin Roesch, the founder of Sourcefire. With its unprecedented speed, power and performance, Snort quickly gained momentum to become the de facto standard Hardware or software that is widely used, but not endorsed by a standards organization. Contrast with de jure standard. de facto standard - A widespread consensus on a particular product or protocol which has not been ratified by any official standards body, such as ISO, in the industry. Snort is the single most widely deployed intrusion prevention and detection technology in the world with over 2 million downloads and more than 100,000 active users worldwide. About Sourcefire Sourcefire, Inc., the world leader in intrusion prevention, is transforming the way organizations manage and minimize network security risks with its 3D Approach - Discover, Determine, Defend - to securing real networks in real-time. The company's ground-breaking network defense system unifies intrusion and vulnerability management technologies to provide customers with the most effective network security available. Founded in 2001 by the creator of Snort(R), Sourcefire is headquartered in Columbia, MD and has been consistently recognized for its innovation and industry leadership by customers, media, and industry analysts alike - with more than 16 awards and accolades since January 2005 alone. Most recently, the company was positioned in the Leaders Quadrant of Gartner's "Magic Quadrant The Gartner Magic Quadrant is a proprietary research tool developed by Gartner Inc., a US based research and advisory firm. It is designed to provide an unbiased qualitative analysis of a “markets’ direction, maturity, and participants. for Network Intrusion Prevention System Appliances" report and the Sourcefire 3D System was named "Best Security Solution," at the 2006 SC Magazine Awards. At work in leading Fortune 1000 and government agencies, the names Sourcefire and founder Martin Roesch have grown synonymous with synonymous with adjective equivalent to, the same as, identical to, similar to, identified with, equal to, tantamount to, interchangeable with, one and the same as innovation and intelligence in network security. For more information about Sourcefire, please visit http://www.sourcefire.com. |
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