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Perimeter Internetworking :: www.perimeterusa.com Vist the Perimeter on the Web
 
QUARTERLY UPDATE - Q4 2005
Greetings Perimeter Friends,

Perimeter Internetworking would like to wish you a happy, healthy and prosperous new year! As for Perimeter, we are anticipating a very exciting year. Here's to 2006!

CEO YEAR END REVIEW

2005 was a remarkable year for Perimeter. During the last twelve months we have merged with 2 companies (with 2 more complete as of this date), added over 650 new clients, 27 new partners, offered over a dozen new services, and expanded our staff to over 130 professionals located in four technical operations centers across the US. All of these accomplishments have resulted in revenue growth of over 46% and profit growth of over 100% compared to 2004. Our growth achievements and unique “In-the-Cloud�? approach was the subject of four nationally recognized awards/honors as well as national and local press coverage.

Engaging in mergers with Catbird and US Networks added both knowledge personnel as well as diverse new services. These new services include, but are not limited to Rogue User Monitoring, Vulnerability Monitoring, Network Management and Helpdesk support. Another benefit to these mergers is the addition of a highly sophisticated security operations center to Perimeter's existing infrastructure. The Raleigh, NC, location became Perimeter's 4th business location and now serves as the primary monitoring facility. Perimeter also maintains offices in Fort Lauderdale, FL, Charlotte, NC, and our headquarters located in Milford, CT.  


Perimeter's Secure Network Operations Center in Raleigh, NC

Last quarter Perimeter was recognized by Cisco Systems and Fortinet. Perimeter achieved the Managed Security Service Provider Advanced Technology Provider (ATP) status from Cisco Systems and Perimeter was named Fortinet's 2005 Eastern Region Partner of the Year.

In the fall of 2005 Perimeter was ranked among the 2005 Deloitte Technology Fast 500 and the Connecticut Technology Fast 50. This was Perimeter's second consecutive year to be awarded and ranked in the top ten on Deloitte's Technology Fast 50. In addition to the Deloitte awards, Perimeter was ranked # 7 on CRN's 2005 Fast Growth Security Companies.  

During the course of the year our business success and unique business model was detailed in numerous publications, the most important of which were:

Information Security - Help From Above

Communication News – Bank Outsources Security to the Cloud

Network World - Users Bank on Managed Security Services

This summer, Perimeter will be hosting our third Client Conference which will be held July 17-18 at the Roosevelt Hotel in New York City. Perimeter is extremely thrilled that many of you have already decided to participate. During the conference clients will learn about our latest services and what's in store for Perimeter's future. Registration is open and can be accessed by clicking here.

I'd like to thank our clients for giving us the opportunity to earn their trust and our staff whose tireless dedication continues to inspire me every day. We are committed to continuous improvement and to exceeding your expectations in 2006.

Wishing you all the best,
Brad Miller
CEO, Perimeter Internetworking

NEW SERVICES
01.

Viewpoint Portal Rollout

 

Our new Viewpoint™ Access Portal enables our clients to access real time account information. We've engineered Viewpoint to provide our clients with on-demand reporting for all constituents including management, technical personnel and regulators, providing each group with relevant information specific to their requirements and technical understanding. In addition to the security reports, clients can also view employee productivity and performance usage, including how long employees are accessing various systems. Viewpoint is currently being rolled-out to our clients.

NEW CLIENTS
02.

The Sales Team closed 189 contracts which included new client contracts as well as additional contracts for existing clients.

NEW PARTNERS
03.

In Q4 we added 4 new partners to Perimeter's Partner program.

 

Datarim, Inc is a cost-conscience provider of automation solutions for small to medium sized financial institutions. Their products and services empower users in areas as diverse as wire management, real-time check fraud & positive pay, and electronic daily reports. Datarim's solutions not only significantly reduce staff effort and increase compliancy; they enable institutions to provide greater customer satisfaction while reducing costs. Formed in 1998, Datarim is headquartered in Redmond, Washington. For more information about Datarim, visit www.datarim.com.

 

Harland Financial Solutions - Based in Atlanta, Harland Financial Solutions, Inc. is a wholly owned subsidiary of the John H. Harland Company. With over 6,000 clients, Harland Financial Solutions is one of the leading providers of technology to U.S. financial institutions. Harland Financial Solutions products include deposit & loan origination, platform, teller, call-center, mortgage, business intelligence, core processing, customer relationship management systems, document solutions and item processing/electronic management solutions. http://harlandfs.com/

 

Professional Bank Services - provides consulting and educational services to the financial industry. PBS provides services to banks, credit unions, thrifts, law firms, CPA firms, federal regulatory agencies, and major insurance companies throughout the United States.

PBS offers a wide range of services, which include merger and acquisition; de novo charter; branching; loan review services; compliance consulting; human resources; profitability consulting; litigation and expert witness services; seminars and in-house training. www.probank.com

 

Viatech Global - based in Houston, TX, focuses on network integration services for the healthcare and the financial industry.  http://mis-at-large.com

FREE WEB SEMINARS
04.

Join us every month as we continue our free webinar series. Each webinar will last 45-60 minutes. Our upcoming events include:

InfoSecurity StormWatch

February 21, 2006 11:00 AM Eastern

DEPARTMENT UPDATES

 
05.

As we continue to grow our client base we increase our employment team accordingly. Each of our departments continues to expand and below you will find an update from the Vice Presidents of our departments.

Command Center Update
from Gail Beauchemin, VP of the Command Center

We are delighted to say that during the last quarter of 2005 we had “welcome calls�? with many new clients. Our welcome call has been met with rave reviews and has become an instrumental step in the transition process.

In October, we completed the transitioning of the Charlotte client support calls to our Milford, CT facility. To accommodate the additional support needs of our clients we added Steven Earl to our team. He has enhanced our team with his troubleshooting talents and his excellent customer skills. We're excited to have him on board.

As we head into 2006 we look forward to the consolidation of all client monitoring services as well as incoming client calls into our Milford, CT facility. In preparation for this change we are in the process of hiring additional staff to manage the influx of incoming calls. We are also forming a dedicated team who will be focusing solely on monitoring. With the addition of the Raleigh facility we have taken our first step in consolidating our resources by moving our night operation to Raleigh. Our newest Raleigh team member, Tim McClain, joined us in December. Tim comes to us from MCI and AT&T and brings 5 years of Telecommunications and NOC experience to our team.

We would like to thank you for your business as well as the opportunity to service your needs.

Deployment Group Update
from Chuck Lynskey, VP of the Deployment Group

The fourth quarter has been a continuation of a very busy and productive year. The Deployment Group ended 2005 with a strong finish, working with many clients to complete projects by end of year. Looking back at a very successful year, we processed over 500 new contracts and addendums across multiple markets; banking, healthcare, SMEs, non-profit and the list goes on.

As 2006 begins, we will look to enhance the Deployment Group team in order to better support and service your deployment needs in a timely and efficient manner. We thank you for the continued opportunity to earn your trust each and every day and look forward to working with you in the new year.

Engineering Update
from Bill Knight, VP of Engineering

During the fourth quarter the engineering team focused on unix/linux security while adding additional servers and storage to support the increasing volume of gateway based services. The team is currently working on numerous projects and upgrades that will be launched in 2006. Our new Operations Group, headed by Raj Honnaya, is already expanding with the addition of DJ Higgins. DJ moved from our engineering team to our Operations group where his knowledge of our IP Phone system and our core-hardware in our facilities will help assist in maintaining and troubleshooting.


Product Management & Development Update

from Rik Foote, VP of Product Management  

In the fourth quarter of 2005, we made several additions to Perimeter's services portfolio.  We released version 2.0 of our Email Content Filtering service providing significant feature and functionality upgrades.  We rolled out our new interactive web portal, ViewPoint. ViewPoint is much more than a reporting portal - the system is designed to be a tool for our clients to interact with Perimeter, view vital service related information, administrate certain service elements and best of all, keep an eye on Perimeter's service related SLA performance.

Additionally, we have been able to make minor version enhancements to existing services such as MailSafe, Web Content Filtering and Policy Compliance Auditing.

We are continuing to evaluate new security technologies for potential inclusion into Perimeter's "Security In The Cloud" model and will have several service additions and enhancements to announce in the coming months.


Sales Team Update
from Kathleen Roberge, Sr. VP of Sales

Perimeter closed 2005 with a tremendous fourth quarter!  During the fourth quarter, the sales team closed 189 contracts which included new client contracts as well as additional contracts for existing clients.  The sales team continues to extend its focus to the financial industry, healthcare industry, and SME market. 

Perimeter's partner program continues to expand adding four new partners over the quarter and one notable addition this quarter was the announcement of a formal partnership with Cisco in which Perimeter has been chosen as a managed service provider for Cisco technology.  

While we continue to grow and expand our sales team, we are also enhancing the skills and qualifications of our existing team members. A special congratulations to Maureen Kaplan, Senior Sales Engineer, who recently achieved her CISSP certification.  We know this will be a tremendous asset to our clients as Maureen plays a major role in assisting and understanding their security objectives.

Finally, a special thank you to Perimeter's clients for making 2005 our best year yet!  Thank you for your continued support and insight.  We are looking forward to serving your needs in 2006!

Thank you for your continued interest in Perimeter Internetworking.

 
   
 
   
 
February 13-14, 2006
 
 
The Woodlands, TX
 
 
Exhibiting at TechMecca Tech Conference and Expo
 
 
 
 
February 21-24. 2006
 
 
Dominican Republic
 
 
Attending the Midwest Independents Bankers Conference
 
 
 
 
February 26-March 1, 2006
 
 
Washington, DC
 
 
Exhibiting at The Credit Union National Association's Government Affairs Conference
 
 
 
 
March 5-8, 2006
 
 
San Francisco, CA
 
 
Exhibiting at the Pacific Coast Bankers Bank Annual CFO & Investment Conference
 
 
 
 
March 6-10, 2006
 
 
Las Vegas, NV
 
 
Exhibiting at Independent Community Bankers Association - National Convention and Techworld
 
 
 
 
March 6-10, 2006
 
 
San Antonio, TX
 
 
Attending the Association of Financial Technology's Spring Meeting and Workshop
 
 
 
 
March 19-22, 2006
 
 
St. Petersburg, FL
 
 
Exhibiting at America's Community Bankers National Operations, Security and Tech Conference
 
 
 
 
April 8-12, 2006
 
 
Las Vegas, NV
 
 
Exhibiting at Open Solutions Inc Client Conference
 
 
 
 
April 25, 2006
 
 
Cromwell, CT
 
 
Exhibiting at Connecticut Bankers Association BankWorld Conference
 
 
 
 
April 25-26, 2006
 
 
Syracuse, NY
 
 
Exhibiting at New York Bankers Association Technology Conference
 
 
 
   
 
JULY 17-18, 2006
 
 
NEW YORK CITY
 
 
PERIMETER'S CLIENT CONFERENCE