Following Its Record 73% Jump FY 2011 Revenue, Privately-Held Milton Security Group Reports Repeat Double-Digit Sales Growth for First Quarter 2012
FULLERTON, CA (May 24, 2012) – Milton security group, LLC a privately-held network security and managed security services provider, today announced its revenue increase of 43% for the first quarter of 2012. The results mark Milton’s sixth straight quarter of double-digit growth, and come on the heels of its impressive 73% revenue gains posted for FY 2011. The company cites Bring Your Own Device (BYOD) as a major factor for the growing demand of its specialized Edge7200i adaptive Network Access Control (NAC) management appliance.
“The fiscal year of 2011 was another growth year for Milton Security Group,” said company CEO, James McMurry. “We have seen a large amount of traction due in part to BYOD as new and existing customers increasingly open their networks to employee-owned devices. The first quarter of 2012 trended even higher with our USBInformer and EdgeSMB product line being our #1 and #2 products.”
Milton’s revenue performance last year stemmed from increased Edge device purchases across key industry verticals including universities, health organizations, financial services, Automotive, and small businesses. The company also reported a surge in professional services provided to government customers. Sales of the Informer series have remained high thanks to expanded use of mobile devices, including removable storage media, and a growing awareness of risks they pose for network security.
Currently, the Edge7200 forms the core of Milton Security Group’s endpoint security system solution. The next quarter will see the release of a new version of Virtual Operations Center (VOC), Edge10G, and LogInformer. With the release of these and other products now in development, the company stated it was confident that the upward trend in growth would continue.
Milton’s expansion is occurring amid an industry that has had positive growth despite the global economic downturn. According to the RNCOS report “Global IT Security Market Forecast to 2013”, the IT security market is currently estimated to be around US$68 billion and projected to grow at a CAGR of about 12% between 2012 and 2015.
To support Milton’s rapid progress and leadership in the NAC market, the company made significant additions to its team, including the recent appointment of Ethan Coulter to Vice President.
About Milton Security Group, LLC:
Headquartered in Fullerton California, Milton Security Group, LLC is a Veteran-Owned Small Business (VOSB) Network Security company focusing on Adaptive Network Access Control and Bring Your Own Device (BYOD) Technologies. Its wide-ranging product line and services enable granular control over all network devices. Milton Edge, the company’s flagship product line, is the first low-cost adaptive network access control suite of products enabling BYOD in any size firm. The most recent addition to the Edge family of products is the industry’s first 10Gig adaptive network security solution with its Edge10G Adaptive Network Security NAC appliance. Visit http://www.MiltonSecurity.com for information or call 1.888.674.9001.