PGP Corporation Delivers Strong Results for First Quarter of 2010

MENLO PARK, Calif., April 27 /PRNewswire/ -- PGP Corporation, a global leader in trusted data protection, today announced that business results for the first fiscal quarter ending March 2010, continue to demonstrate strong customer demand with repeat business for the PGP® portfolio of trusted data protection solutions. Specifically, results for Q1 2010 reflect the single largest Q1 in PGP Corporation's history, with growth over Q1 2009 of over 25 percent. During the quarter, PGP Corporation continued to execute on all fronts of the business via the operation of a brand new division, new product releases, appointing a new CTO and executing on major marketing events that are helping to spread PGP® solutions further into new domestic and global markets.

Entering New Markets

PGP Corporation acquired privately-held TC TrustCenter and its U.S. parent company, ChosenSecurity. TC TrustCenter, based in Germany, and ChosenSecurity, based in Newton, Massachusetts, provide an on-demand platform for managing trusted identities used for encryption, authentication, and secure collaboration. This strategic acquisition will allow PGP® customers to bridge third party security applications with the industry-leading, standards-based and scalable PGP® encryption and key management applications utilizing the PGP® Platform with its centralized policy engine.

Broadening the PGP® Product Portfolio

PGP Corporation continues to deliver new and upgraded solutions, providing customers with more choice and flexibility to protect and safeguard business and personal data from malicious attacks, loss and theft, and meet compliance. Products released in Q1 include:

• PGP® Key Management Server delivers open enterprise key and certificate management to global organizations. Global enterprises will be able to address often disparate key management systems with the new PGP® Key Management Server and its strong management and policy capabilities and interoperability with third party applications, all based on industry standards.
• PGP Universal™ Server has been upgraded to provide support for the widest range of computing platforms as well as performance, policy and operational enhancements. Enhancements address a wide range of infrastructure and usability concerns that global organizations struggle with when securing their users, disperse systems and sensitive customer and corporate data.
• PGP® Desktop 10.0 extends PGP Corporation's leadership position in trusted data protection and enables client convenience and compliance across all of the major desktop operating systems environments – Windows, Mac OS X, Ubuntu Linux and Red Hat Linux. In addition to allowing disk encryption across mixed environments, PGP® Desktop for Mac now also supports Boot Camp, so users can have complete protection for machines running dual Mac OS X and Windows environments.

Hiring Top Talent

PGP Corporation announced in March the appointment of John Adams as Chief Technology Officer (CTO). Adams, a 30 year veteran in the security industry, has assumed the role at PGP Corporation as a result of the company's recent acquisition of ChosenSecurity. A strategic addition to the management team, Adams is responsible for directing PGP Corporation's technology direction, integrating the two engineering team's efforts and technical strategy.

Industry Accolades

PGP Corporation continues to receive industry-wide recognition for its achievements including:

• PGP Corporation's PGP® Whole Disk Encryption won SC Magazine's 2010 Reader Trust Award in the category of "Best Encryption Solution."
• SC Magazine product reviewers bestowed PGP Universal Gateway Email with an Overall Rating of "5 Stars" - scoring a perfect rating across all six categories of review.
• Recognition for the third year in a row by Everything Channel as one of North America's top information technology (IT) vendors for its PGP® Global Partner Program. Additionally, the PGP® Global Partner Program was recognized with a five-star rating representative of an exceptional program.
• PGP Corporation's Worldwide Channel Sales Leader, Lee Finck, was named a 2010 Channel Chief by the EverythingChannel's CRN Magazine. Channel Chiefs are leaders in creating effective channel programs for solution providers. Chiefs consistently defend, promote and execute effective channel partner programs and strategies.

RSA Conference

PGP Corporation hosted a full schedule of activities at the RSA industry conference which was highlighted by CEO Phillip Dunkelberger's highly regarded keynote, "What Can We Learn from 40 Years of Cloud Computing?" Executives led or were members of other Show panels on topics such as data breach costs and PCI. For the first time, PGP Corporation was an RSA Conference Platinum Sponsor.

"PGP Corporation's first quarter 2010 performance exceeded our expectations," said Phillip Dunkelberger, president and CEO of PGP Corporation. "Organizations worldwide continue to adopt the PGP® solutions to address the growing number of threats to data security and personal privacy while protecting a company's brand and reputation."

About PGP Corporation

PGP Corporation is a global leader in email and data encryption software for enterprise data protection. Based on a unified key management and policy infrastructure, the PGP® Encryption Platform offers the broadest set of integrated applications for enterprise data security. PGP® platform-enabled applications allow organizations to meet current needs and expand as security requirements evolve for email, laptops, desktops, instant messaging, smartphones, network storage, file transfers, automated processes, and backups.

PGP® solutions are used by more than 110,000 enterprises, businesses, and governments worldwide, including 87 percent of the Fortune® 100, 73 percent of the Fortune® Global 100, 80 percent of the German DAX Index, and 60 percent of the U.K. FTSE 100 Index. As a result, PGP Corporation has earned a global reputation for innovative, standards-based, and trusted solutions. PGP solutions help protect confidential information, secure customer data, achieve regulatory and audit compliance, and safeguard companies' brands and reputations. Contact PGP Corporation at www.pgp.com.

Legal Notice Regarding Forward-Looking Statements

Some of the statements in this press release are forward-looking, including statements regarding the availability, plans, delivery, goals, development, expected features, expected benefits and competitive position of PGP products implementing or leveraging the PGP technologies. All references made to product feature enhancements, improvements in Platform support or additional functionality are subject to change at PGP Corporation's sole discretion. All future descriptions of PGP technology and products are subject to availability only if PGP Corporation decides to build them and when PGP Corporation decides to make them commercially available. Actual results could differ materially from those expressed in any forward-looking statements. Risks and uncertainties that PGP Corporation faces that could cause results to differ materially include risks associated with any unforeseen technical difficulties or software errors related to the final development and launch of any of PGP Corporation's products; any technological, regulatory, or standards changes in the security, encryption and authentications market which could make PGP Corporation's products less competitive or require feature changes in these products; any slowdown in the adoption by businesses of encryption suites, secure email, Internet technologies or related standard. The forward-looking statements contained in this release are made as of the date hereof, and PGP Corporation does not assume any obligation to update such statements nor the reasons why actual results could differ materially from those projected in such statements.

PGP and the PGP logo are registered trademarks of PGP Corporation. Product and brand names used in the document may be trademarks or registered trademarks of their respective owners. Any such trademarks or registered trademarks are the sole property of their respective owners.

SOURCE PGP Corporation