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17 New Clients from both Government and Private Sector Signed in 2007; Company Also Saw an Exceptionally High Renewal Rate on Existing Maintenance Contracts
Somerset, NJ – January 24, 2008–Lumeta, the leading provider of Network Assurance solutions for enterprises and government agencies, today announced that it signed several new clients in both government and the private sector in 2007 while also achieving an outstanding 94 percent renewal rate on existing maintenance contracts. Additionally, several existing term license agreements were converted to perpetual agreements, and 20 percent of existing customers either expanded their number of seats per license or upgraded hardware.
IPsonar® is the only Network Assurance solution that provides organizations with global visibility into risk from a network perspective. It scans the network to collect all data related to network topology, address space, leaks and device fingerprints. Network and security managers and executives can accurately visualize what's on the network, drilling down to analyze potential areas of risk and identify appropriate corrective actions.
“The number of new clients combined with increased commitments from our existing customer base demonstrates that our offerings provide both the depth and scalability required by existing users, while at the same time providing new users with real, immediate advantages in securing and maintaining networks in the face of constant change,” said Lumeta’s President & Chief Executive Officer, David Hickey. “IPsonar’s value is evidenced by our exceptionally high maintenance renewal rate, conversions to perpetual license agreements and upgrades to either seats or hardware for our existing engagements.”
Lumeta’s Network Assurance solutions are now used by several of the largest U.S. federal government agencies such as the Federal Aviation Administration (FAA), various U.S. intelligence agencies and the Department of Energy, as well as leading commercial organizations, including 15 of the 25 largest banks, five of the 10 largest pharmaceutical companies and three of the largest energy companies in the world.
Added Hickey: “The fact that some of the largest corporate and government agency networks in the world chose to enter into long-term relationships with us in 2007 speaks volumes about our ability to deliver on the promise of successfully managing the impact of change on network security, availability, and compliance.”
By measuring the impact of change on risk and availability, Lumeta helps clients successfully keep pace with the demands of business and IT challenges such as new application deployments, vulnerability management and incident response programs, M&A and network consolidation, security policy compliance and audit programs and current and planned OS and infrastructure updates.
About Lumeta Corporation
Lumeta provides large enterprises and government agencies with the global visibility needed to quantify network risk and measure the impact of network change. Our network assurance solutions enable IT organizations to deploy new business services, maintain existing service levels and minimize network security risk to ensure compliant operations.
Lumeta’s flagship product, IPsonar, is the industry’s only solution that allows organizations to measure risk from a global network perspective. IPsonar maps every asset on a network—including assets not currently under management—visualizes the connectivity between assets and networks to uncover risk patterns and policy weaknesses, and enables network and security teams to bring unknown assets under management while deploying security technology more effectively to mitigate risk.
For more information, visit the Lumeta Web site at www.lumeta.com.
Note:
Lumeta, the Lumeta logo, IPsonar and the IPsonar logo are trademarks and service marks of the Lumeta Corporation. Other product and company names appearing in this document may be trademarks of their respective owners.
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