Monday, October 8, 2012

Credant Claims Record Q3

Addison, Texas-based data protection software Credent Technologies said today that it saw "record breaking" growth in its third quarter, where it saw 112 percent growth in new customers, 49 percent growth in software bookings, and a 95 percent retention rate. The firm did not release any actual financial details or growth numbers. Credent is venture backed by Austin Ventures, Menlo Ventures, Crescendo Ventures, Cisco Systems, and Intel Capital. Credent provides a number of security and data protection tools, used for securing sensitive data in the enterprise. The firm is run by Bob Heard.