Citadel Security Software Continues European Expansion With Agreements in the Netherlands21 March 2006
Citadel Security Software Inc. (Nasdaq: CDSS), a leader in enterprise vulnerability management and policy compliance solutions, announced today that it has signed agreements with two leading resellers in the Netherlands -- Future-IT and NetStone. This expands Citadel's availability in the Netherlands, as part of its growing presence and expansion in Europe.
Headquartered in Rotterdam, Future-IT is a fast growing company founded in 2000 and specializing in backbone networking and high-level security solutions for large SME and enterprise organizations. "We are looking forward to providing our customers with Citadel's suite of Automated Vulnerability Remediation solutions," said Arjen d'Ailly, Program Manager, Future-IT. "We feel these products provided significant added value to Future-IT's existing detection and remediation security portfolio. The addition of these products to our offerings demonstrates our commitment to consistently deliver top quality and best of breed technology for our customers."
NetStone, based in Lisse, is regarded as one of the top quality providers of system integration services and internet security solutions. "We were especially impressed with Citadel's library of over 25,000 tested vulnerability remedies across Windows and UNIX platforms and interoperability with industry leading network scanners and vulnerability assessment tools, and recognize the value this depth of knowledge will provide to our customers," said Michel Bakker, Program Manager, NetStone. "Citadel provides businesses the ability to avoid problems, resolve security issues in real time and cut down on the time to remediation -- all aspects that are high priorities for our customers."
"We are very pleased to work with Future-IT and NetStone, the two leading security solution resellers in the Netherlands. We appreciate that these forward-thinking organizations recognize Citadel's solution as their best choice for automated vulnerability management," said Randy Schirman, Executive Vice President - Worldwide Sales, Citadel Security Software. "We are eager to help these resellers deliver our technology to their customers."
About Citadel Security Software Inc.
Citadel Security Software Inc. delivers security solutions that enable organizations to manage risk, reduce threats and enforce compliance with security policies and regulations. Citadel's proven architecture provides a business process to manage the increasing volume, frequency and complexity of cyber security attacks. Citadel combines the world's largest active library of remediations spanning all classes of vulnerabilities with a proven delivery methodology to dramatically streamline vulnerability management and security compliance and provide ROI from the first use. Citadel solutions are used across the Department of Defense, at the Veterans Administration, and within other government and commercial organizations. For more information on Citadel, visit http://www.citadel.com, or call 888-8CITADEL.
Safe Harbor/Forward-looking Statements:
This press release may contain forward-looking statements that are intended to be subject to the safe harbor protection provided by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements relate to future events or future financial performance and involve known and unknown risks and uncertainties that may cause actual results or performance to be materially different from those indicated by any forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "forecast," "may," "will," "could," "should," "anticipate," "expect," "plan," "believe," "potential" or other similar words indicating future events or contingencies. Some of the things that could cause actual results to differ from expectations are: the economic and geopolitical environment; changes in the information technology spending trends; the uncertainty of funding of government and corporate information technology security projects; the variability of the product sales cycle, including longer sales cycles for government and large commercial contracts; the uncertainty that the company's prospective deals will result in final contracts; the potential changes in the buying decision makers during a customer purchasing cycle; the complexities in scope and timing for finalization of contracts; the fluctuations in product delivery schedules; a lack of Citadel operating history; uncertainty of product development and acceptance; uncertainty of ability to compete effectively in a new market; the uncertainty of profitability and cash flow of Citadel; intellectual property rights and dependence on key personnel; economic conditions; the continued impact of terrorist attacks, global instability and potential U.S. military involvement; the competitive environment and other trends in the company's industry; the effects of inflation; changes in laws and regulations; changes in the company's business plans, including shifts to new pricing models that may cause delays in licenses; interest rates and the availability of financing; liability, legal and other claims asserted against the company; labor disputes; the company's ability to attract and retain qualified personnel; and the potential for adjustments to the amounts in previously presented unaudited financial tables as a result of the completion of the audit process. For a discussion of these and other risk factors, see the company's Annual Report on Form 10-KSB for the year ended December 31, 2004 and the company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2005. All of the forward-looking statements are qualified in their entirety by reference to the risk factors discussed therein. These risk factors may not be exhaustive. The company operates in a continually changing business environment, and new risk factors emerge from time to time. Management cannot predict such new risk factors, nor can it assess the impact, if any, of such new risk factors on the company's business or events described in any forward-looking statements. The company disclaims any obligation to publicly update or revise any forward-looking statements after the date of this report to conform them to actual results.
Editors Note: Citadel is a trademark and Hercules(R) is a registered trademark of Citadel Security Software.
Source: prnewswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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