STERLING, Va. – March 6, 2012 – RedCloud, the industry's fastest-growing provider of web-based physical access control systems, today announced strong company performance and customer acquisition amidst numerous operating highlights for its 2012 fiscal year.
RedCloud sales more than doubled for the third consecutive year in 2012, with triple digit growth far exceeding industry averages. The company also greatly expanded its base of enterprise customers seeking to replace legacy systems with RedCloud’s web-based physical access control and open system architecture. The increased collaboration among IT and security departments combined with the convergence of physical and network security continued to drive rapid adoption of the company’s cloud-based solutions that unify identity management and role-based access control.
“In the past year, the market’s increasing recognition of the technical and operational advantages of RedCloud’s open architecture helped us achieve a number of milestones and breakthrough moments,” said Dave Basil, Chief Executive Officer. “From driving new product innovations and delivering dramatic sales growth, to forging strategic relationships and winning key enterprise accounts, RedCloud established a clear leadership position and is well-positioned to seize growing market opportunities where customers are looking for improved security, unified identity management and dramatic cost savings.”