Bradford Networks Announces Record Growth in FY2008 : NAC Pioneer Broadens US and International Customer Base, Poised for Further Gains in Growing Market

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Bradford Networks, an award-winning provider of comprehensive network access control (NAC) solutions, today announced record growth across new markets and geographies. During fiscal 2008, Bradford’s sales increased nearly 80 percent over the previous year.

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Bradford set company records in FY 2008 and we are well positioned to build on this in FY2009

Bradford added 120 new accounts to its global customer base in the education, healthcare, financial services, energy and government sectors. New U.S. customers include Overstock.com, California Credit Union, Pioneer Natural Resources, Texas A&M, and Pepperdine University. Internationally, Fraunhofer Institute for Secure Information Technology, Norsun, Ardal Energi, Royal Thai Air Force, India Department of Atomic Energy, University of London-Royal Holloway, and the University of Derby were among the organizations that selected Bradford's out-of band appliances.

New customers enjoyed increased security, improved network efficiencies, and measureable ROI. Columbia University Medical Center slashed help desk calls by 66 percent during its NAC pilot and has experienced similar results in its production deployment.

An expanded channel network, including 23 new security VARs and network integrators, fueled Bradford's growth in the U.S. and across the globe. New international partners include Satisnet (UK), Accuetrust (Canada), Secure Source (Malaysia), Quantiq (Singapore and Indonesia), Blue Zebra (Thailand), and Advens (France). Channel publication CRN recognized Bradford for the second year in a row as a CRN Emerging Vendor and a CRN Top Emerging Security Vendor.

Bradford's excellence was recognized by both industry analysts and publications. NAC Director earned SC Magazine's NAC Innovator of the Year award and was selected as a Best New Technology Finalist in the Healthcare Innovation Awards by attendees at the Healthcare IT Summit. Bradford received a Positive rating in Gartner Inc.'s MarketScope for Network Access Control, 2008 (by Lawrence Orans, John Pescatore, and Mark Nicolett, published March 25, 2008).

New products attracted enterprises to Bradford's advanced NAC offerings, including new fully redundant and high-performance appliances to meet the demands of larger and more complex environments, such as expanding wireless networks. In April 2008 Bradford announced NAC Director Guest Contractor Services (GCS) to address the universal need of organizations to manage guests, contractors, and strategic business partners accessing corporate networks. The easily installed solution secures unmanaged laptops and PDAs and provides a simple upgrade path to complete NAC capabilities.

In June Bradford closed $8 million of Series B funding, led by Updata Partners with participation from Bradford's Series A investor, Windspeed Ventures. The capital will be used to enter new markets, expand its award-winning product portfolio, and add development, support, professional services and marketing staff at its new development facility in Westford, MA.

"Bradford set company records in FY 2008 and we are well positioned to build on this in FY2009," said Mike Gadoury, Bradford Networks founder and CEO. "Our proven track record of providing customers with pragmatic solutions to real-world security challenges puts Bradford in a unique position to further accelerate growth in the coming year."

About Bradford Networks

Bradford Networks develops advanced network access control solutions for wireless, wired and VPN networks. Bradford's patent-pending, award-winning, out-of-band appliances leverage existing network infrastructure to automatically enforce NAC policy at the network edge, making networks more secure and efficient. Privately held, Bradford Networks is located in Concord, NH. For more information, call (603) 228-5300 or visit http://www.bradfordnetworks.com.

About the MarketScope

The MarketScope is copyrighted March 2008 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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