[April 16, 2014]

Damballa Delivers Record Q1 On Strong Worldwide Demand for Automated Breach Defense

Damballa, the experts in advanced threat protection and containment, today announced a record first quarter, as the company grew bookings and revenue significantly, and added customers in the transportation, communications, education, high tech manufacturing and business services verticals. The company saw its ASP (average sales price) almost double year-over-year, as enterprises made significant investments in Damballa Failsafe, the company's automated breach defense platform. Damballa also extended its global footprint, acquiring customers in Asia-Pacific and EMEA, and adding on-the-ground resources in EMEA, Central America and Australia.

"Enterprises around the world are recognizing that there is a gap between their existing prevention and their incidence response capabilities," said David Scholtz, CEO of Damballa. "The more we demonstrate Damballa's ability to detect hidden and active infections with certainty and provide indisputable evidence to responders, the more our solution is resonating. Our channel partners have also played an essential role in our success both domestically and internationally, as they continually look for ways to bring value to their customers."

Damballa Failsafe is an automated breach defense system that detects successful infections with certainty, terminates their activity and gives responers the ammunition needed to rapidly prevent loss. Failsafe delivers actionable information about known and unknown threats regardless of the infection's source, entry vector or OS of the device. It arms responders with definitive evidence so they can rapidly prevent loss on high-risk devices while blocking activity on the rest.

The company saw significant momentum in Q1. During the quarter, Damballa was granted its first three patents for detecting advanced threats. It brought on seasoned sales and marketing executives, and appointed Fran Dramis, the former Chief Information, Ecommerce and Security Officer for BellSouth (News - Alert), as the Chairman of the company's Board of Directors. In addition, the company announced integrations with HP TippingPoint and ForeScout, underscoring increasing demand for seamless 'detect and respond' capabilities by enterprises.

About Damballa

As the experts in advanced threat protection and containment, Damballa discovers active threats that bypass all security prevention layers. Damballa identifies evidence of malicious network traffic in real time, rapidly pinpointing the compromised devices that represent the highest risk to a business. Our patented solutions leverage Big Data from the industry's broadest data set of consumer and enterprise network traffic, combined with machine learning, to automatically discover and terminate criminal activity, stopping data theft, minimizing business disruption, and reducing the time to response and remediation. Damballa protects any device or OS including PCs, Macs, Unix, iOS, Android (News - Alert), and embedded systems. Damballa protects more than 400 million endpoints globally at enterprises in every major market and for the world's largest ISP and telecommunications providers. For more information, visit www.damballa.com, or follow us on Twitter (News - Alert) @DamballaInc.

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