Courion Continues Momentum with Profitable 2009

FRAMINGHAM, Mass., March 8 /PRNewswire/ -- Courion® Corporation, leaders in access governance, provisioning and compliance, today announced that fiscal year 2009 was highlighted by industry recognition and numerous customer awards, four consecutive quarters of profitability, growth in sales, and expansion of worldwide operations.

As a result of increased demand for its Access Assurance solutions, Courion increased its worldwide employee base by 20 percent across all areas of the business, including strategic development, professional services, engineering, marketing and sales.

The company expanded its global operations with the opening of a new research and development center, Courion IT Private Ltd. in Pune, India. The new development center will help meet increased customer demand by complementing the company's existing research and development capabilities.

Courion continued to deliver new technology innovations, including the Courion Connector Program, the industry's first fixed-price offering for both out-of-the-box and custom connectors, enabling organizations to affordably extend the implementation of their Access Assurance strategies across more applications, cut operational costs, mitigate risk from improper access to sensitive data and ensure compliance with relevant regulations. With more than 250 connectors currently available, Courion offers more connectors than any other company in the market and plans to further extend this competitive advantage with its global development teams.

"Courion's continued success is driven by our delivery of innovative solutions that help organizations mitigate risk by increasing security and compliance," said Chris Zannetos, president and CEO of Courion. "As demonstrated by the addition of our India Technology Center and the recent announcement of our Access Assurance Suite v8.0, we are further extending our capabilities to provide the industry's broadest offerings with the lowest total cost of ownership."

Additional Highlights in 2009

In addition to its positive corporate performance in 2009, Courion received numerous customer, industry and product accolades throughout the year, including:  

• Leadership Mindshare with Key Industry Analysts:
  • Gartner, Inc. positioned Courion in the "Leaders" quadrant of its 2009 "Magic Quadrant for User Provisioning" report.
  • Burton Group included Courion in the "Short List" category of its "User Provisioning" report.

• Global Product Awards:
  • Courion was named winner of the SC Magazine Awards Europe in the "Best Identity Management" category.
  • Compliance Manager for SharePoint solution was named winner of the Network Products Guide 2009 Product Innovation Award in the "Data Protection" category.

• Customer Demand and Recognition:
  • Courion's 7th Annual CONVERGE Conference drew industry accolades as well as more customers than the previous year, despite challenging economic times.
  • Courion customer Tim Callahan, first vice president, Enterprise Technology Risk Management and CISO at People's United Bank, was awarded the "2009 People's Choice Award" at the Information Security Executive of the Year Northeast Awards.
  • Customers Alegent Health and Brookdale Senior Living won "Info Security Products Guide 2009 Best Deployment Scenario" awards in the "Compliance" and "Identity Management" categories.
  • Brookdale Senior Living CIO Scott Ranson was named to Computerworld's Premier 100 IT Leaders for 2010, based on his organization's deployment of Courion's Access Assurance Suite.

Courion's unique Access Assurance approach to identity, access and compliance management ensures that only the right people have the right access to the right resources and are doing the right things. Access Assurance unifies Access Governance, Access Provisioning and Access Compliance in the most complex, heterogeneous environments. This comprehensive approach increases operational efficiency and transparency, strengthens security, and improves compliance, while delivering the industry's fastest time to value and lowest total cost of ownership.

About Courion

Courion's award-winning Access Assurance solutions are used by more than 400 organizations and over nine million users worldwide to quickly and easily solve their most complex identity and access management (password management, provisioning, and role management), risk and compliance challenges. Courion's business-driven approach results in unparalleled customer success by ensuring users' access rights and activities are compliant with policy while supporting both security and business objectives.  For more information, please visit our website at www.courion.com.

To view this release online, go to:  http://www.courion.com/company/press_release.html?id=604

Courion is a registered trademark. All other company and product names may be trademarks of their respective owners.

SOURCE Courion Corporation