MultiFactor Corporation Announces Record Fourth Quarter Performance

Released on: February 3, 2009, 12:29 am

Press Release Author: MultiFactor Corp.

Industry: Computers

Press Release Summary: Expansion of company’s SecureAuth authentication products fuels growth

Press Release Body: IRVINE, CALIF., February 2, 2009 — MultiFactor Corporation, an innovator in 2-way 2-factor authentication, Web application security and SSL VPN Authentication solutions, announces record fourth quarter growth of its SecureAuth authentication products, despite the slumping global economy.

Thomas Stewart, CFO of MultiFactor Corporation stated, “Our recently completed Q4 ‘08 sales revenues maintained 300 percent quarter over quarter growth for the third consecutive quarter as enterprises and Web operators are increasingly adopting SecureAuth as a superior authentication method for SSL VPN, IPsec VPN, and secure Web applications. We are very happy with our ‘08 results and our projections for 2009 are strong.”

A contributing factor to SecureAuth’s continued market growth was the addition in the third and fourth quarter of native integration into Juniper SSL VPN products, CA’s SiteMinder and the IBM Tivoli Security Products. This complements very strong adoption for SecureAuth with Cisco ASA SSL VPNs, Microsoft Outlook Web Access, Microsoft SharePoint Server and all .NET applications. New customers were drawn to the automated simplicity of a truly strong dual factor authentication scheme. SecureAuth’s low acquisition cost and minimal implementation burden provided added incentive to move forward.

“Security concerns have not subsided due to the economic downturn, said Craig Lund, CEO of MultiFactor Corporation. “On the contrary, threats are increasing and rendering legacy authentication methods practically obsolete. SecureAuth’s novel technology allows companies to have the strongest authentication without the large capital investment.”

“In these times, we are fortunate to be operating in the relatively resilient sector of IT security,” added Lund. “However, we are even more fortunate to have a product with a price/performance value far superior to any competitive or substitutive technology.”

About MultiFactor Corporation
MultiFactor Corporation is the leader in automated 2-way 2-factor user authentication. SecureAuth is a true plug-n-play multi-factor authentication mechanism that allows secure access into the enterprise network and application resources.
Please visit http://multifa.com.

MultiFactor Corporation and SecureAuth are registered trademarks of MultiFactor Corporation.

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Web Site: http://multifa.com

Contact Details: Diego Mejia
MultiFactor Corporation
dmejia@multifa.com
949-777-6968