Company Reports 2012 Record Revenues as it Expanded Employee Base and Launched Industry’s First Cloud Solution for Holistic, Risk-based Information Security Programs

LOS GATOS, Calif. — Jan. 28, 2013 — TraceSecurity, a pioneer in cloud-based IT governance, risk and compliance (GRC) solutions, today announced that the company posted another year of record revenue in 2012.

In addition, the company signed more than 500 customers in 2012, and saw its customer retention rate hit a record 92 percent. TraceSecurity’s employee-base grew in 2012 by more than 35 percent over 2011 as it expanded to meet the rapidly growing industry demand for its risk-based information security program solution.

“We are proud of the company’s achievements last year; nothing spells success like record revenues and customer retention rates for SaaS computing companies,” said Peter Stewart, TraceSecurity president and CEO. “We were extremely excited with the launch of our cloud-based information more