Astaro Announces Record Results and Two Acquisitions for 2010

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Fuelled by an innovative expansion strategy, Astaro billings grew over 30% in 2010, allowing important investments and two acquisitions

Both Astaro RED and Astaro Wireless Security have met an urgent demand in the market, and Astaro Mail Archiving has opened our portfolio to the large market of hosted services.

Astaro, a leading Unified Threat Management vendor, today announced that the company grew over 30% during 2010 and more than 50% in the fourth quarter of 2010, displaying Astaro’s accelerating momentum. The recorded success and gain in market share is the result of Astaro’s expansion and investment strategy which was defined in 2009, expanding the product portfolio to deliver a complete suite of IT security solutions. With increased headcount of 215 employees, Astaro developed and introduced pioneering technology and products in 2010: Astaro RED and Astaro Wireless Security, both accessories for the company’s flagship Unified Threat Management solution, the Astaro Security Gateway, as well as Astaro Mail Archiving, Astaro’s first hosted service. With profitability developing equally well Astaro was also able to make two acquisitions of cutting edge technology companies to further execute its customer and market oriented strategy.

“Due to the lagging economy many technology companies decided to pull back on development and innovation in 2009,” said Jan Hichert, Astaro’s CEO. “We decided to take the opposite approach, making investments resulting in three completely new products in 2010. Both Astaro RED and Astaro Wireless Security have met an urgent demand in the market, and Astaro Mail Archiving has opened our portfolio to the large market of hosted services. Also due to these new products we gained significant market share and grew faster than the market, which will allow us to further invest in the expansion of our product portfolio.”

Astaro made two technology acquisitions in 2010, Romania-based CoSoSys, which offers mobile data protection solutions for both PC and Mac, and Denmark-based InspektOnline, which drastically simplifies log management with its hosted service. The technologies from both companies will play an important role in Astaro’s product strategy 2011, as Astaro will integrate these two solutions in its security suite, increasing its customers’ level of security with the usual quality and ease of use.

“Customers tell us that it is time to consolidate security products on a higher level – this leads to the next generation of Unified Threat Management technology and vendors,” Hichert continued. The feedback we receive from all our partners and customers worldwide is definite “The Astaro Security Wall as a comprehensive approach on how to protect a company is what customers are looking for. In 2011 we will continue our investments in further functionality of our UTM core products and new technology areas like endpoint protection and log management. It is going to be an exciting year.”

About Astaro
Astaro offers the most complete and easy to use Internet security appliances available. Astaro’s award-winning products provide the latest protection with the best total cost of ownership. Software, hardware and virtual appliance offerings provide users the flexibility to meet a wide variety of deployment scenarios. Distributed by a growing worldwide network of more than 2,500 resellers, more than 56.000 Astaro installations protect business, school and government networks against IT security threats. Astaro, headquartered in Karlsruhe, Germany, offers free downloads of its products at http://www.astaro.com.

Press Contact:
Jessica Lavery-Pozerski
Astaro Corporation
jpozerski(at)astaro(dot)com
978-974-2648
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Jessica Lavery-Pozerski
Astaro
978-974-2648
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