Prolexic Revenues Increase 45 Percent in 2011

Significant investments in staffing, R&D and network capacity to accommodate growth

(PresseBox) ( Hollywood, Florida, )
Prolexic Technologies, the global leader in Distributed Denial of Service (DDoS) mitigation services, today announced that it achieved profitability and a year of record growth in 2011. Since completing a US$13.9 million financing in March led by Kennet Partners, a leading technology growth equity investor, and putting in place a new executive management team, the company significantly increased its staffing, R&D investment and network capacity to better service its clients worldwide.

"I am delighted to report a compound annual growth rate of 45 percent for 2011," said Scott Hammack, chief executive officer at Prolexic. "To maintain service delivery excellence, we have doubled the number of Prolexic employees since the beginning of the year and increased attack bandwidth capacity to over 400 Gbps."

In December, Prolexic opened a new scrubbing center in Ashburn, Va. to counter the increasing volume of DDoS attacks. In addition, Prolexic also doubled network capacity at its other scrubbing centers located in San Jose, London and Hong Kong. Prolexic already had the world's largest attack mitigation network and this latest enhancement elevates capacity far beyond any other DDoS mitigation provider.

In addition to investing heavily in its attack mitigation network, Prolexic also devoted significant resources to research and development in 2011. "DDoS mitigation is a very dynamic business that requires continuous innovation to stay ahead of malicious attackers," said Hammack. "To maintain our leadership position and protect our clients against emerging DDoS threats, Prolexic will significantly broaden its solutions portfolio in 2012."

During the year, Prolexic also doubled its customer base. The company added organizations in the public sector as well as many Fortune 2000 business enterprises to its roster. Currently, six of the world's 10 largest banks are Prolexic customers along with many leading companies in other "at-risk" industries including, e-Commerce, SaaS, travel/hospitality, healthcare, and online gaming/gambling.

"Prolexic is ideally positioned to protect organizations from the increasing number and severity of DDoS attacks and we expect this to translate into continued growth in 2012," said Hammack. "We enter the New Year with strong momentum and high expectations."
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