Layer 7 Technologies Announces Record Revenue Growth in 2011

VANCOUVER, British Columbia–(BUSINESS WIRE)–Layer 7 Technologies, a leading provider of solutions for SOA Governance, API Management and Cloud Integration today announced record annual revenue for 2011. The company has now posted 101 percent compound annual revenue growth for the last five consecutive years and 2011 marked its third consecutive year of profitability. Expansion in 2011 was led by commercial sales growth of 108 percent in North America and 118 percent in Europe.

“As enterprises embrace mobile and cloud in 2012, Layer 7 is best positioned to capitalize on the need for enterprise mobile and cloud access solutions.”

In 2011, Layer 7 was named the 71^st fastest growing public or private technology company in the 2011 Deloitte Fast 500. Additionally, Layer 7 was recognized by Gartner, Inc. and Forrester Research, Inc. for its innovative and complete SOA and API Gateways, which have resulted in continued customer growth.

“2011 was an exciting year for us as we achieved new revenue milestones, significantly grew our employee base, solidified our position as the leading independent vendor in the SOA Gateway and governance market, and established ourselves as the leading API management vendor for enterprise users,” said Paul Rochester, CEO of Layer 7 Technologies. “As enterprises embrace mobile and cloud in 2012, Layer 7 is best positioned to capitalize on the need for enterprise mobile and cloud access solutions.”

2011 notable achievements also include:

• Third-Party Validation
  • Deloitte’s 2011 Technology Fast 500™—Named 71^st fastest growing public or private company in North America.
  • Gartner, Inc.—Only API Gateway vendor to be positioned in the Leaders Quadrant of the 2011 “Magic Quadrant for SOA Governance Technologies.”
  • Forrester Research, Inc.—Achieved highest vendor score in both the Current Offering and Strategy categories in the “The Forrester Wave^TM: SOA Application Gateways, Q4 2011.”
• Product Innovation—Launched industry’s most comprehensive enterprise API Management Suite including:
  • API Proxy
  • OAuth Toolkit
  • API Developer Portal
  • Service Manager for API publishers
• New Security Certification
  • Common Criteria—First vendor in its category to meet EAL4 + ALC_FLR 2.2 federal specifications.
  • PCI—First API Management vendor to achieve PCI-DSS compliance.
  • Mobile Cryptography—First vendor in its category to offer Elliptical Curve support for small device cryptography.

• Customer Growth—2011 saw Layer 7 grow its customer base by 40 percent. New customers included Cisco, Adobe, NVidia, UTI Worldwide, Alaska Airlines, Allstate, MoneyGram, Department of Justice, GM, MasterCard, Department of Homeland Security, Best Buy and 3M among other leading enterprises in the commercial and public sector.
• Employee Growth—In 2011, Layer 7 grew its headcount more than 71 percent over 2010, including more than a dozen additions from direct competitors.

About Layer 7 Technologies

Layer 7 Technologies helps enterprises secure and govern interactions between their organizations and the services they use in the cloud; across the internet; and out to mobile devices. Through its award-winning line of SOA Gateways, Cloud Brokers and API Proxies, Layer 7 gives enterprises the ability to control identity, data security, SLA and visibility requirements for sharing application data and functionality across organizational boundaries. In 2011, Layer 7 was named the 71st fastest-growing private or public technology company in North America on the Deloitte Fast 500 list. With more than 150 customers spanning six continents, Layer 7 supports the most demanding commercial and government organizations. Layer 7 solutions are FIPS compliant, STIG vulnerability tested and have met Common Criteria EAL4+ security assurance. For more information, please visit www.layer7tech.com, email us at info@layer7tech.com or follow us on Twitter at @layer7.