Last year V.i. Labs tripled its customer
base resulting in an estimated $4 billion in software assets now
being protected
by the
CodeArmor® platform.
The achievements accomplished during the course of 2009 included
a product strategy
shift that helped independent software vendors (ISVs) identify
which companies are
using pirated software for financial gain, heightened industry
education and awareness
of anti-piracy issues and software Intellectual Property (IP)
protection, continued
engineering advances for the CodeArmor platform, customer
adoption in new industries,
and expansion into European markets.
"During a particularly turbulent economy where the bottom line was a key
issue for
most companies, 2009 was the year CodeArmor shined. We proved
that software vendors
can turn their piracy problem into a method to develop critical
business intelligence
in new markets and uncover lost license revenue," said Joseph
Noonan, president
and CEO of V.i. Labs. "Our efforts over the course of last year
have resulted in
acceptance of our strategy and technology with leading ISVs in
the CAD/CAM, PLM
and EDA markets and other high value software vendors."
"Our
agreement with HP illustrates a growing trend where organizations
are realizing
the risk facing their critical IP within their .NET applications
and the need for
solution partners like V.i. Labs to provide supportable
protection technology for
Microsoft .NET," Noonan said. "Our customers have valuable or
sensitive intellectual
property embedded in their software code and need to protect it
from competitors,
malicious hackers and software pirates. CodeArmor goes beyond
passive protection
approaches to enable software providers to actively guard
against tampering, code
theft and piracy using active code encryption and provides this
protection without
significant impact on development or existing customers."
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