GlobalSCAPE, Inc. (GSB) Sees Revenue Growth; Receives Recognition for TappIn Software Solution
GlobalSCAPE, a leading developer of secure information exchange solutions, maintains its position as an industry leader as sales continue to grow. GlobalSCAPE rose to notoriety for its suite of solutions which feature the industry-leading enterprise file transfer solution, EFT Server. EFT Server is a software solution that delivers military-grade security and a customizable platform for achieving best in class control and visibility of data in motion or at rest, across multiple locations. Currently, GlobalSCAPE provides this software and other services to thousands of customers, including global enterprises, governments, and small businesses.
On August 9, 2012, GlobalSCAPE announced its financial results for the three and six month periods ended June 30, 2012. The company reported a second quarter revenue of $5.7 million, consistent with revenue of $5.7 million during the second quarter of 2011. Revenue for the six months ended June 30, 2012, was $11.1 million, compared with $10.4 million for the six months ended June 30, 2011, representing a 7% increase.
The company attributed the increase in revenue to continued sales strength in its EFT Server products as a whole, combined with increased maintenance and support (M&S) contract renewal sales across the majority of its product lines. The increase in M&S renewals combined with strong bookings for future product sales and services resulted in the company’s deferred revenue, plus contractual agreements under which revenue will be earned in future periods, growing to $8.8 million on June 30, 2012, from $7.8 million on June 30, 2011, or an increase of 12%.
GlobalSCAPE also recently received recognition when its wholly owned subsidiary, TappIn, Inc., was named a finalist for the Golden Bridge Awards. TappIn was selected as a finalist in the Top Mobile Innovative Products or Services category, alongside globally recognized companies like AirWatch. This recognition follows a string of top industry acknowledgements for TappIn, including a 2012 Global Excellence Award from Info Security and being named a Red Herring 2011 Global 100 Winner.
“Mobility is fundamentally changing the way we live our lives, enabling instant access to information at the tap of a screen,” said Chris Hopen, President of TappIn, Inc. “TappIn is committed to streamlining that access with secure solutions that enable users to tap into their content on demand, regardless of where it is stored. TappIn is the one place they can go for all their content without having to move, upload or store everything in one place.”
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