[January 29, 2014]

Gazzang Looks Toward 2014 Following Year of Record Growth

Gazzang, the big data security experts, today announced year-end results for 2013, posting revenue growth of more than 250 percent year over year. The company also more than doubled its global employee base in 2013.

"The demand for data encryption and key management in big data and cloud environments has never been greater," said Larry Warnock, CEO of Gazzang. "Our performance in the fourth quarter and for the full year is a result of our continued product innovation, commitment to customer service and ongoing investment in our partnerships. As enterprises migrate more sensitive business data and processes to the cloud, I expect to see increased demand for our high-performance, massively scalable data security solutions."

Year-end highlights for 2013 include:

• Strong sales: Enterprise customer wins and expansions during the year included a global provider of healthcare products, office supplies and industrial equipment; an integrated managed health-care consortium; a multinational pharmaceutical company; a global provider of insurance, annuities and benefits programs; and one of the world's largest semiconductor companies.
• Product innovation: Gazzang enhanced its product portfolio with Gazzang CloudEncrypt™, a solution purpose-built to secure data in-flight and at-rest within Amazon EMR. The company also expanded the use cases for its encryption and key management products, zNcrypt™ and zTrustee™ respectively. Gazzang also announced a security solution for GlusterFS-backed OpenStack public and private clouds, and became first security solution to be made available for the Rackspace managed and public Cloud Big Data platforms.

• Industry accolades: Gazzang was named a finalist for SC Magazine's Rookie Security Company of the Year, recognized as an Emerging Vendor in Security by CRN and named one of Database Trends and Applications "100 companies that matter most in data." The company was also named to the Austin 'A List' by the Greater Austin Chamber of Commerce and South by Southwest (SXSW (News - Alert)) Interactive. In addition, Gazzang zTrustee, the company's software-based key management solution, was recognized for "Innovation in Cloud Security" at the 2013 Info Security Products Guide Global Excellence Awards.

Gazzang provides data security solutions and expertise to help enterprises protect sensitive information and maintain performance in big data and cloud environments. Our technology enables SaaS (News - Alert) vendors, health care organizations, financial institutions, public sector agencies and more to meet regulatory compliance initiatives, secure personally identifiable information and prevent unauthorized access to sensitive data and systems. The company is headquartered in Austin, Texas and backed by Austin Ventures and Silver Creek Ventures. For more information, visit www.gazzang.com.

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