Courion Closes 2004 with Record Number of Provisioning Customers,Expanded Distribution Channels, Record Revenue (email this article)

FRAMINGHAM, Mass. – January 18, 2005 - Courion® Corporation (Company Profile, Past Stories, Case Studies), a leading provider of extensible identity management solutions, today announced that it closed 2004 with a record number of provisioning customers, expanded distribution channels, and record revenue. More than 50 percent of the company’s revenue generated from provisioning customers and 40 percent of the business came from repeat customers.

Focused on providing flexible provisioning solutions for organizations with diverse organizational, infrastructure, and operational requirements, Courion continued to prove its leadership through several important accomplishments:

Significant New Technology Developments and New Customer and Partner Wins
¨ Launched ComplianceCourier, an access verification and policy enforcement solution, as part of Identity Management Suite™ 7.0;

¨ Continued its focus on the healthcare, financial services, transportation, energy & utilities, manufacturing and retail verticals adding more than 40 new customers to surpass the 240 customer mark with new business from Blue Cross and Blue Shield of Alabama, Capital District Physicians’ Health Plan, Inc., HEALTHSOUTH, Unisen, and Wellspan;

¨ Closed large multi-million dollar provisioning contract with a 100,000+ person transportation company;

¨ Signed a strategic alliance with Deloitte to support Deloitte & Touche’s i-MAAP (identity-Management-Authentication-Authorization, and Protection) framework with Identity Management Suite to address challenges such as enterprise-wide secure access, authentication, authorization, directory services, single sign-on, and a growing list of regulatory and compliance requirements;

¨ Expanded global presence through strategic partnership with Computacenter, Europe’s leading independent provider of IT infrastructure services, to supply Identity Management Suite directly to clients and as a key component of its managed services offering, the Service Management Toolsuite;

¨ Signed a reseller agreement with Vocent Solutions to resell Vocent’s voice authentication server with Identity Management Suite expanding its access options with biometrics;

¨ Completed integration of Identity Management Suite with Oracle® Internet Directory, part of Oracle Identity Management, permitting native integration with Oracle application environment and allowing customers to leverage Oracle directory’s scalability and high availability capabilities with their enterprise provisioning solution.

Industry Leadership Recognition and Awards
¨ Ranked as a market Challenger in META Group’s 2005 METAspectrumSM report for Identity Management – User Provisioning;
¨ Honored as eWEEK Labs’ Analyst’s Choice in the Security: Authentication and User Management category;
¨ Won an eWEEK Excellence Award in the Security: Authentication and User Management category;
¨ Won the SC Magazine Global Award in the Readers Trust Category for Best Identity Management Solution;
¨ Selected as a finalist for Network Computing’s 10th Annual Well-Connected Awards in the Identity Management Solutions category;
¨ Ranked number 258 on the 2004 Deloitte Technology Fast 500 and 18th on Deloitte’s list of the 50 fastest growing technology companies in New England based on an extraordinary 812 percent growth rate in fiscal year revenues from 1999-2003;
¨ Hosted second identity management customer conference, CONVERGE, with record attendance from its Fortune 500 customer base and with customer representatives from The Boeing Company, Children’s Hospital Boston, Cox Communications, Dollar Tree Stores, Office Depot, and SunTrust Banks presenting;
¨ Recognized customers including Children’s Hospital Boston, SunTrust Banks, The Boeing Company, Verizon Wireless, State Street Corporation, Hewitt Associates, and New York Life Insurance Company with first annual CONVERGE Awards for their exemplary achievements reducing costs, increasing security, and improving service with Courion’s user provisioning, password management and virtual directory management products.

Developments in Business Operations
¨ Raised $5 million in Series E financing through new investor Paladin Capital Group’s Homeland Security fund, bringing total funding in the company to $32 million.

“We are pleased by the tremendous industry accolades and significant milestones we have achieved this year,” said Chris Zannetos, president and CEO, Courion Corporation. “We are confident in our success and we will continue to build on our momentum to support our customers. The user provisioning challenges customers continue to face require our consistent laser focus on developing provisioning technology and solutions optimized for the constant change and organizational dynamics of today’s business environment.”

About Courion
Courion Corporation provides award-winning extensible identity management solutions in Identity Management Suite™. Over 240 enterprise customers worldwide including 60 of the FORTUNE 500 utilize the Suite to securely automate routine, manual processes for user provisioning, password management, industry and regulatory compliance, profile management, and digital certificate management. By leveraging the existing infrastructure and integrating disparate workflows within the enterprise, Courion solutions drive operational efficiency, optimize user productivity, strengthen security, reduce costs, and ensure efficiency in achieving policy compliance. For more information, contact Courion’s headquarters in Framingham, MA, USA at 508-879-8400 or visit www.courion.com.

Courion is a registered trademark and Identity Management Suite is a trademark of Courion Corporation.