CEDAR RAPIDS, IA, July 22, 2010
/24-7PressRelease/ -- SecurityCoverage announced its second quarter results, posting another successful quarter and continuing strong growth in 2010. The company provides fully managed Internet security, online backup and advanced support services to individual users through a partnership group of Internet service providers, telecommunications and cable companies, electronic retailers, value added resellers and financial institutions across the nation.
"Our continued growth reflects our dedication to providing our Partners with products and services that meet the needs of consumers today," states Robert O'Dell, President and CEO of SecurityCoverage, Inc. "We've had a strong first half of the year and remain committed to excellent customer service and additional product enhancements throughout 2010, as well as the launch of another new product in late Q3," adds O'Dell.
O'Dell reports for the second quarter 2010:
- Total quarterly revenue grew 15% sequentially and 52.4% year over year.
- The number of partners who resell and distribute SecurityCoverage products and services grew by 17.6% year over year.
- Total subscriber base increased by 28.7% year over year.
- The company hired 13 new employees.
SecurityCoverage was honored with two prestigious awards this past quarter - a Prometheus Award in April and a recognition as one of the area's Fastest Growing Companies in May. The Prometheus Awards are recognized as Iowa's largest and most prestigious awards, devoted to promoting and celebrating innovation and high-tech excellence in Iowa. SecurityCoverage was honored as a company that represents the best and brightest in technology and business and have demonstrated outstanding leadership and innovation. The Fastest Growing Companies Award is presented by the Corridor Business Journal and highlights the area's most dynamic companies that have made significant contributions to the strength of our economy.
About SecurityCoverage
SecurityCoverage provides fully managed, fully supported, corporate-style desktop computing security and technical support services to individual users through a partnership group of Internet Service Providers, telecommunications and cable companies, electronic retailers, value added resellers and financial institutions across the nation. Headquartered in Cedar Rapids, Iowa, the privately owned company offers a one-stop shop suite of web-based products and services, designed to drive revenue and promote customer loyalty. These products and services give individual users the same level of "hands-free" support, "hands-free" protection, and convenience large corporations provide their employees. Product and company information is available at http://www.securitycoverage.com.
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