TRACESECURITY’S CONTINUED EXPONENTIAL GROWTH SPURS CALIFORNIA AND TEXAS OFFICE EXPANSIONS
New Bay Area and Larger Dallas Metro Sites to Accommodate Surge in Company’s Sales and Channels Departments
BATON ROUGE, La. – (Jan. 28, 2008) –TraceSecurity, a leading provider of SaaS security compliance solutions, today announced that it has opened a new Palo Alto office and expanded its Dallas based office to support the company’s growth. The Dallas office space was expanded to accommodate the growing sales team and to house the newly formed training division. The new Palo Alto office will focus on expanding business development efforts, specifically targeting some of the most respected technology companies in the Silicon Valley area.
“The increased demand for our SaaS-based compliance offerings has led us to find new and larger regional spaces that will accommodate our expansion plans for the next few years,” said Peter Stewart, CEO and president of TraceSecurity. “Our SaaS-based security compliance offerings are in very high demand by organizations looking to automate the management of government and industry compliance regulations and best practices across their enterprise.”
The expansion of TraceSecurity’s footprint in the Dallas and Bay Area markets comes on the heels of a phenomenal 2007 for the company. TraceSecurity announced for the first time that it expanded its customer base to over 700 clients; closed a Series C funding rounding valued at $8 million; received membership in American Bankers Association, and the Independent Community Bankers of America; and successfully launched the newest version of its SaaS-based security compliance platform, Compliance Manager 4.0.
About TraceSecurity
TraceSecurity is a leading provider of security compliance and risk management solutions. The company helps organizations of all sizes to achieve, maintain and demonstrate security compliance while significantly improving their security posture. Key to TraceSecurity’s success is the company’s comprehensive patent-pending methodology that helps clients address all of the critical components of a successful security compliance program; people, process and technology.
TraceSecurity delivers its solutions through an integrated software-as-a-service platform backed by expert professional services and comprehensive security awareness programs. The company’s flagship offering, TraceSecurity Compliance Manager, is the first comprehensive solution to automate regulatory compliance audits, board level reporting, policy management, vulnerability assessment, and employee education and testing. The company’s expert professional services include onsite security audits, and social engineering. The security awareness programs include an exhaustive set of standard offerings as well as custom designed courses. With over 700 clients, TraceSecurity supports the risk management and security compliance efforts of organizations in financial services, healthcare, insurance, government and other regulated sectors. For more information, please visit
www.tracesecurity.com.
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Note: TraceSecurity is a trademark of TraceSecurity, Inc.
FOR IMMEDIATE RELEASE:
David Splivalo
Freestyle Public Relations
515-223-4343
david@freestylepr.com
