Romanian software company CoSoSys nominated as finalist at the 2009 Hot Companies Awards by Network Products Guide

Press Release

Romanian software company CoSoSys nominated as finalist at the 2009 Hot Companies Awards by Network Products Guide

For the second year in a row, CoSoSys is the only Eastern European company having a real chance to win at the Hot Companies Gala Award ceremony in March, 2009 in San Francisco, California.

Bucharest, Romania, December 10th 2008. CoSoSys, vendor of the most innovative and effective applications for portable storage devices and endpoint security solutions, was announced as a finalist at the Hot Companies 2009 Awards by Network Products Guide, a leading IT&C research and analysis provider based in Silicon Valley. CoSoSys was selected after a thorough global industry analysis of information technology vendors which included established large companies, mid-size and new start-ups around the world.

CoSoSys has advanced to the finalists stage based on the "4Ps" selection criteria—namely Products, People, Performance, and Potential. The coveted 2009 Hot Companies analysis encompasses companies in all areas of information technologies including security, wireless, storage, networking, software and communications.

“We are extremely proud to have been once again nominated as finalists. We see this amazing accomplishment as a much deserved reward for the unrelenting efforts of the entire CoSoSys team and their determination to make people aware of the dangers of data breaches and to educate them and support their prevention efforts,” said Roman Foeckl, CoSoSys CEO.

Romanian security provider CoSoSys has made it its mission to protect computer networks from data leakage and all other threats posed in today’s working environment by portable storage devices, while providing increasingly mobile PC users with the ability to carry their personal and work related data with them in an easy and secure way.

“Companies fall short in proactively monitoring and regulating the use of portable storage and lifestyle devices, risking data loss, data leakage and data theft. It has become increasingly important to educate employees about the inherent risk of data loss and data leakage when using such devices, thus making the usage of control and prevention tools a strong necessity,” explained Mr. Foeckl.

CoSoSys’ most popular endpoint security solution, Endpoint Protector 2008, is a best of breed DLP (Data Loss Prevention) technology, combined with the flexibility of a web management console, designed to reduce the total cost of ownership and significantly lower implementation time and data leakage risk.

The "Hot Companies" evaluation process assessed candidates for entrepreneurial spirit, seasoned executives with relevant experience, clear understanding of the segment of IT market where they are currently active and plan to stay active, products and solutions that are positioned to take advantage of the emerging market opportunities, well developed revenue-growth model and clearly planned expansion strategies. The winners will be announced and honored at the 2009 “World Executive Alliance Summit” in San Francisco, California, USA on March 26-27, 2009.

About CoSoSys

CoSoSys SRL is specialized in network endpoint security and the development of software for portable storage device enhancement. The application portfolio includes functions from password security, data synchronization and network security. CoSoSys distributes its products globally through world’s leading hardware manufacturers, software Distributors, Resellers and directly to users at www.cososys.com and www.endpointprotector.com. CoSoSys enjoys a continuously growing installation base of users worldwide. The company is headquartered in Cluj-Napoca, Romania and has sales representatives in the United States and Germany.

About Network Products Guide Awards

Network Products Guide, published from the heart of Silicon Valley, is a leading provider of products, technologies and vendor related research and analysis. You will discover a wealth of information and tools in this guide including the best products and services, roadmaps, industry directions, technology advancements and independent product evaluations that facilitate in making the most pertinent technology decisions impacting business and personal goals. The guide follows conscientious research methodologies developed and enhanced by industry experts. To learn more, visit www.networkproductsguide.com.

http://www.cososys.com/press_room.html

CoSoSys Press contact:

CoSoSys Ltd.
Paula Braun
400036 Cluj-Napoca, RO
Tel: +40-264-593 110
Fax: +40-264-593 113
E-mail: paula.braun@cososys.com