Vigilar announces that it has completed a transaction making Vigilar a standalone company and raises an additional seven figures of capital.
Atlanta, GA June 2, 2009 -- Vigilar announced today that it has completed a management led spin-off making Vigilar an independent company and has raised an additional seven figures of private capital for operations expansion and forthcoming acquisitions.
James Fox the Chairman and CEO stated, "Vigilar has been performing very well for the last three quarters during what is a challenging environment. Sales are up almost 10% quarter over quarter and profitability is up over 25%. Our ATLAS SaaS platform did over $6 million in sales. Given the challenges our parent company was facing it simply made sense for management to lead a spin-off."
Mr. Fox went on to say that Vigilar would soon be announcing new initiatives expanding its market reach and breadth. "We saw early on that 2009 would be a tough slog for many companies, but we saw it coming and adjusted our strategy and cost structure to not only operate but to thrive in this environment." stated James Fox. "Our focused strategy and attention to detail has lead to 2009 being our best quarters in the history of the company."
For more information on Vigilar, please visit www.vigilar.com or call (866) 365-8401.
Vigilar, a leading provider of information security solutions and services, helps customers improve their security postures. Vigilar's deep security expertise includes security architecture design, product selection and delivery, implementation services, regulatory compliance services, risk assessments, IT security audits, and IT and security training. In addition, Vigilar offers the ATLAS Security-as-a-Service (SaaS) solution, which provides organizations of all sizes with managed asset identification, prioritization and management; technical support; log management; authentication management and systems maintenance, monitoring and management. Vigilar partners with the industry's most innovative information security technology providers to offer fully integrated solutions that meet risk management, network infrastructure, and compliance needs. Intense School, the training division of Vigilar, offers accelerated IT and security training. For more information, visit www.vigilar.com.
renglish (at) vigilar.com