Securing the Position of a Market-Leading, Enterprise Managed File Transfer (MFT) Solution for Organizations Worldwide.
LOVES PARK, IL — Cleo, a leading provider of best-in-class enterprise software for secure and managed file transfer solutions – Cleo LexiCom® and Cleo VLTrader™, announced record-breaking sales for 2011. The fastest growing segment of Cleo’s business was in sales of Cleo VLTrader™ at nearly a 150% increase over Cleo VLTrader™ sales last year.
Cleo VLTrader™ sales saw a record fourth quarter – larger than any quarter the company has previously experienced. Industry analyst firms such as Gartner, continue to make predictions highlighting the exponential growth in the managed file transfer (MFT) space, year over year, already projected through 2015. Sales are attributed to growing trends in the consolidation of fragmented systems, easy-to-use systems with built-in automation of processes, advanced options to meet enterprise needs for community management, security policy enforcement, SLA compliance, auditing and more. Multiprotocol support was also a driver for Cleo VLTrader™, which now offers more than 17 secure file transfer protocols, allowing users to say yes to evolving supplier and customer requirements.
“We saw tremendous growth in Cleo VLTrader™ installations at global, enterprise companies. The development work that has gone into the creation of this market-leading, enterprise managed file transfer solution in Cleo VLTrader™ is demand-driven. Our customer-centric approach to expanding the use of MFT solutions in the enterprise has allowed us to see growth with existing customers and new prospects alike across all industries. It’s an exciting time for Cleo as we charge forward in a competitive space. We’ve seen bigger deals, bigger installations and broader applications for Cleo VLTrader™. It’s truly an exciting time for Cleo and our customers.” said Rynn Johnson, Vice President of Sales at Cleo.
Already in 2012, Cleo released the newest version of Cleo VLTrader™ software, version 4.4. The enhancements in Cleo VLTrader™ v4.4 benefit the enterprise in advanced community management efforts, enhanced compliance capabilities, expanded ease of use and even greater secure protocol offerings.