Tuesday, July 08, 2008
GlobalSCAPE Placed in Leaders Quadrant by Leading Industry Analyst Firm
SAN ANTONIO -- GlobalSCAPE, Inc. (AMEX:GSB),
a leading developer of file transfer software for the Internet, announced today
that Gartner, Inc. has positioned GlobalSCAPE in the "Leaders" Quadrant in its June
2008 Magic Quadrant for Managed File Transfer report.
Gartner, Inc. (NYSE: IT -
News) is the world’s leading information
technology research and advisory company. This particular report helps companies
evaluate Managed File Transfer ("MFT") vendors based on their ability to execute,
and completeness of vision. The quadrants include the definitions of Leaders, Challengers,
Visionaries, and Niche Players. According to the report, "Leaders are the most likely
to have high revenue and commitment to the market, high market share and installed
bases, and products that are of interest to a large audience. Additionally, leaders
have presented domain expertise and compelling messages that have penetrated the
Gartner estimates that the market for MFT suites and services is approximately $450
million and is growing at a rate of 21% to 26% year over year (see "Market Trends:
Multienterprise/B2B Infrastructure Market, Worldwide, 2008"). Fortunately for many
of these vendors, while the overall market for MFT solutions grows at a healthy
rate, the overall pool of enterprises needing MFT solutions grows even faster. "While
the big fish in the pond becomes bigger, the pond itself is growing even faster."
For the most part, the largest and most common competitors are homegrown FTP solutions,
which are technically free, but, as many of our clients realize, are neither well
managed, secured nor without maintenance headaches.
Kelly E. Simmons, CFO of GlobalSCAPE, said, "We are always pleased to be cited by
Gartner in their reports. We are also enthusiastic that Gartner is highlighting
the hosted large file services and email attachment offloading solutions. We believe
Gartner’s report is a strong validation of our recent introduction of
CuteSendIt, our hosted big file transfer solution for email. Before the
end of this year, we will also introduce a stand-alone file transfer software product
for email servers. Our vision is to continue to make our secure file transfer technology
available in many venues and in many languages, and the Gartner report helps to
confirm this direction."
About the Magic Quadrant
The Magic Quadrant is copyrighted 2008 by Gartner, Inc. and is reused with permission.
The Magic Quadrant is a graphical representation of a marketplace at and for a specific
time period. It depicts Gartner's analysis of how certain vendors measure against
criteria for that marketplace, as defined by Gartner. Gartner does not endorse any
vendor, product, or service depicted in the Magic Quadrant, and does not advise
technology users to select only those vendors placed in the "Leaders" quadrant.
The Magic Quadrant is intended solely as a research tool, and is not meant to be
a specific guide to action. Gartner disclaims all warranties, express or implied,
with respect to this research, including any warranties of merchantability or fitness
for a particular purpose.
GlobalSCAPE, a provider of Global Managed File Transfer (MFT) solutions and wide-area
file services (WAFS) technologies, delivers a modular approach to solving the enterprise
challenges of security, bandwidth, latency and regulatory compliance. GlobalSCAPE’s
products securely and efficiently move files such as financial data, medical records,
customer files, intellectual property, and other sensitive documents of any size
between supply chain partners and branch offices. GlobalSCAPE’s products are used
by mid-sized and large enterprise companies, including virtually all of the Fortune
500 companies, leading technology, banking, healthcare, and public sector organizations.
Headquartered in San Antonio, TX, GlobalSCAPE is also the developer of CuteFTP,
the most popular file transfer protocol application on the market with over 100
million downloads since 1996. For more information on our risk-free purchase options,
visit www.globalscape.com or call 800-290-5054 (US) or 210-308-8267 (international).
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934. The words "would," "exceed," "should," "steady," "dramatic," and variations
of such words and similar expressions identify forward-looking statements, but their
absence does not mean that a statement is not a forward-looking statement. These
forward-looking statements are based upon the Company's current expectations and
are subject to a number of risks, uncertainties and assumptions. The Company undertakes
no obligation to update any forward-looking statements, whether as a result of new
information, future events or otherwise. Among the important factors that could
cause actual results to differ significantly from those expressed or implied by
such forward-looking statements are risks that are detailed in the Company's Annual
Report on Form 10-K for the 2007 calendar year, filed on March 26, 2008 with the
Securities and Exchange Commission.