TraceSecurity Reports 2013 Growth a Result of TraceCSO’s Cloud Delivery and Fast Deployment

  TraceSecurity Reports 2013 Growth a Result of TraceCSO’s Cloud Delivery and
  Fast Deployment

Software and Partner Program Momentum Expected to Propel Company into 2014

Business Wire

BATON ROUGE, La. -- February 12, 2014

TraceSecurity, a pioneer in cloud-based IT governance, risk and compliance
(GRC) solutions, today announced that the company had exceeded expectations
for 2013 and, as a result, is expecting to see a continued growth trajectory
in 2014.

TraceSecurity continued to gain exponential traction for TraceCSO, the
company’s cloud-based software solution, across a variety of industry
verticals in 2013, with new enhancements to the popular product added in July
and November. In February, the company announced a key integration partnership
with Qualys Inc.; then followed in March with the launch of the company’s
formal channel partner program. As a result of these and other
accomplishments, Enterprise Management Group in September recognized
TraceSecurity as a “Vendor to Watch” within the IT GRC security space in the
coming months and years.

“We are exceedingly humbled by the company’s achievements this past year,”
said Peter Stewart, TraceSecurity president and CEO. “With a great team and a
tremendous amount of dedication we have successfully delivered a new standard
in information security, compliance and risk management. In 2014, we will
raise the bar again, focusing on continued partner support and seamless
integration technologies. Our products will provide even more built-in
information security expertise and tutorials, enhanced regulatory change
management, GUI optimization and improved reporting capabilities.”

Other key TraceSecurity milestones in 2013 included:

  *The company recorded a record year for customer additions, exceeding some
    1,700 total clients and with an equally impressive 90+ percent retention
    rate.
  *Launched just over a year ago, TraceSecurity has implemented 250 TraceCSO
    organizations across industries including financial services, healthcare,
    education, legal and technology; and, is expected to more than triple this
    number by year’s end.
  *TraceSecurity launched its channel partner program for VARs, Managed
    Service Providers and consulting firms. The program has delivered solid,
    early growth, providing partners with comprehensive solutions that are
    easy to manage and complement their existing offerings. TraceSecurity
    added more than 50 new partners last year.
  *To expand initiatives aimed at growing the awareness of TraceCSO,
    TraceSecurity exhibited at more than 25 tradeshows and spoke at more than
    20 industry events.
  *TraceSecurity released enhancements to its flag-ship software solution,
    TraceCSO, extending its leading risk management capabilities and helping
    organizations implement information security programs more quickly than
    ever before. TraceCSO’s risk assessment capabilities are market-leading
    and allow organizations to complete an assessment 90 percent faster than
    similar market solutions, reduce inventory controls by some 80 percent,
    and reduce total TraceCSO implementation time by up to 90 percent on
    average.

AboutTraceSecurity

TraceSecurity, a leading pioneer in cloud-based security solutions, provides
IT governance, risk and compliance (GRC) management solutions.The company’s
cloud-based services help organizations achieve, maintain and demonstrate
security compliance while significantly improving their security posture.With
more than 1,700 customers, TraceSecurity supports the security and risk
management efforts of organizations in financial services, healthcare,
high-tech, insurance, government, education and other regulated sectors.
Founded in 2004, the company has executive offices in Silicon Valley and
offices in Baton Rouge, La. For more information, call (225) 612-2121 or
visitwww.tracesecurity.com.

© 2014 TraceSecurity. TraceSecurity and TraceCSO are registered trademarks of
TraceSecurity. Other trademarks are property of their respective companies.
All rights reserved worldwide.

Contact:

TraceSecurity
Ashley Swanson, 225-215-2493
Director of Marketing
ashleys@tracesecurity.com
 
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