Jul 07th, 2008
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 market."
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.