Stringent, Sweeping Rise in Compliance Regulations Drives Momentum at Perimeter E-Security

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March 2, 2010
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Stringent, Sweeping Rise in Compliance Regulations Drives Momentum at Perimeter E-Security

Financial Institutions Showing Strongest Need; Four New Community Banks Join More Than 2,000 Now Relying on Perimeter's Compliance, Security Suite Company Embraces New Branding, Web Site Approach to Reflect Move

MILFORD, Conn., March 2 -- Perimeter E-Security today revealed a substantial rise in demand from customers needing help complying with increasingly stringent and sweeping regulations, led by the financial services sector.  The momentum spans existing and new customers, the company said.  Separately, the company rolled out revamped branding to reflect the moves.

"There's never been a more difficult time to comply with financial, legal, privacy and other regulations, and the outlook is for more stringent demands and complexity," said Tim Harvey, CEO of Perimeter E-Security.  "Add to that the alarming spike in security threats, and investing in compliance and information security is easily rising to the top of corporate priorities.  For larger financial institutions, the costs of managing all of this in-house are daunting; for smaller players, the burden is crippling. And the finance sector is seeing the brunt of it."

With customers across industries, and leadership in the finance sector, Perimeter E-Security is the trusted market leader of compliance and regulatory security services that deliver enterprise-class protection to companies of all sizes.  Since 2008, Perimeter has added hundreds of new financial services customers and remains the market leader in serving more than 2000 financial institutions.

Large and community financial institutions embody new imperative

From major banks to community financial institutions, the imperatives are clear: solve the regulatory and security challenges in a way that manages costs, relieves internal resources, and improves success by reducing overall complexity.

Community financial institutions, which constitute 97 percent of all banks and credit unions, lack the internal resources that larger banks and credit unions have to secure their institution. Yadkin Valley Bank, Lakeland Bank, Mid Penn Bank and Money One FCU join the likes of Lisbon Community Federal Credit Union and NuUnion Credit Union in turning to Perimeter for their security, regulatory compliance and risk mitigation needs.

"As a small financial institution, key employees at Lisbon Community Federal Credit Union have to wear many hats," said George R. Roy, Lisbon Community Federal Credit Union.  "By relying on Perimeter, we're able to exceed regulatory compliance in various IT areas while continuing to do what we do best - that is, serve our Membership."

Outsourcing makes sense for NuUnion - in terms of costs and a level of protection the credit union can't put a price on.  "Perimeter E-Security's Security Operations Center provides 24x7 network monitoring and reporting for NuUnion.  I know we're protected no matter what time of day it is," MaryAnne MacIntosh, CISSP, IT Security Administrator, NuUnion Credit Union.

An investment in answers

"Perimeter has invested over $20 million over the past 10 years in the resources, expertise and best-in-class technologies to focus our customers on their most critical needs and highest return on investment, and we continue to invest in our expertise as a basic commitment to our clients," said Kurt Heinemann, chief marketing officer of Perimeter E-Security. "

Indeed, to make it easier for companies of all sizes to identify and evaluate their situation, Perimeter today launched a new Web site that allows companies to look for the information they need in three different formats.  They can look for specific services, services that are relevant to their industry and by compliance or regulatory need.

The Web site is complemented by a customer communications plan and the launch of the Perimeter Secured Program.

About Perimeter

Perimeter is the trusted market leader of information security services that delivers enterprise-class protection and compliance.  Through its cost-effective and scalable SaaS platform, Perimeter offers the most comprehensive compliance, security and messaging services that include: hosted email, encrypted email, firewall management and monitoring, vulnerability scanning, host intrusion and prevention, email antivirus and spam, remote data backup and email archiving.  For more information about Perimeter visit http://www.perimeterusa.com.

  For additional information contact:
  Maggie Duquin / Michele Clarke
  Brainerd Communicators
  212-986-6667
  duquin@braincomm.com / clarke@braincomm.com

Source: Perimeter E-Security
   

CONTACT:  Maggie Duquin, Brainerd Communicators, +1-212-986-6667,
duquin@braincomm.com; Michele Clarke, Brainerd Communicators, +1-212-986-6667,
clarke@braincomm.com

Web Site:  http://www.perimeterusa.com/

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