Back to Current Fortrex Announcements

December Fortrex Closes 2007 as best ever !!
Fortrex Technologies will close 2007 in record fashion. “I can honestly say that Fortrex had its best  revenue and net profit obtainment in the 10 year history of the company. We grew all lines of business an average of 86% and we are expecting similar growth for 2008”, says Chris Konrad SVP Client Services. “We have become a true market leader in several lines of business, which I don’t see changing in 2008. The executive leadership of Fortrex has done an excellent job in managing cash flow while investing wisely in critical infrastructure improvements. Those improvements have enabled better efficiency across the entire company. I would also say that most importantly, the leadership team has hired remarkable talent”, says Doug Ochs Fortrex President & COO.

December 2007 Fortrex Partners with Solicore a Global Change Control Software Organization
"Over the years we have seen many organizations fall short with dealing with change management. Management of IT changes is a fundamental process that can certainly cause damage to the entire enterprise and easily disrupt operations if it is not performed well. With our newly formed alliance with Solidcore we now have an IT control that will fill a significant gap for organizations struggling with change management," says Chris Konrad SVP Client Services.

"Solidcore's product set provides solutions for several compliance mandates. The solution not only reduces the cost of achieving compliance significantly, but also helps our customers create a sustainable, measurable compliance program", says Joshua Lyons Director, Client Services, Sales.

November 2007 KeyPoint Credit Union Selects VendorPoint (r) to meet NCUA's Vendor Management Guidelines
Fortrex Technologies, Inc., a leading provider of IT security, operational risk and compliance solutions has announced that KeyPoint Credit Union in Santa Clara, California has selected VendorPoint(r) from Fortrex for use in managing KeyPoint's vendor risk management program.  KeyPoint will utilize VendorPoint, the industry's leading vendor compliance and risk management solution, to streamline efficiency and improve the effectiveness of its vendor compliance and risk management program. VendorPoint, a policy based system, will automate everything from the due diligence process to risk rating and management approvals.

"The system is comprehensive and extremely flexible," said Juli Anne Callis, EVP/COO, KeyPoint Credit Union. "We are able to tailor fit the application to our needs and our way of doing business. It will allow us to meet regulatory guidelines for vendor risk management while streamlining our operations. With the click of a button we will be able to see which vendors pose the greatest risk, enabling us to better protect our customers. Having VendorPoint in place will enable us to deliver the high quality service that is expected of KeyPoint, while maximizing the security and privacy of our customers' data."

For those institutions that have not yet created and implemented a viable program, VendorPoint can be used "out of the box," providing a complete, turn-key risk management program. VendorPoint eases the burden of preparing for your next bank exam. Contracts, financials,  Certificates of Insurance and all vendor due diligence data can be stored in the document repository making them readily available when needed.

About KeyPoint Credit Union
KeyPoint is located in the heart of Silicon Valley with assets of approximately $800 million. It serves over 80,000 members that live in that area and are predominantly high tech professionals.

For more information about Fortrex and the VendorPoint brand, please visit http://www.fortrex.com and click on VendorPoint, or go directly to http://www.vendorpoint.net.

November 2007 CMP Interviews Fortrex Again
CMP Media is one of the world's top technology publishers. Its stable of offerings includes magazines such as CRN and InformationWeek has reached out to Fortrex to discuss the partnership with SonicWall. CRN's Fahmida Rashid will be interviewing Fortrex Director of Client Services, Sales Joshua Lyons.

October 2007 Gartner Group Reaches Out To Fortrex
The Gartner Group http://www.gartner.com/ has contacted Fortrex to conduct a formal vendor briefing in October 2007. This vendor briefing is a research tool for industry analysts, and an opportunity for Fortrex to present its products, services and business strategies with analysts that cover the vendors specifically or a related technology or market.  Mike Edison Fortrex CTO and Co founder along with Chris Konrad SVP Client Services will participate.

September 2007 Fortrex Employee Sam Hinson Recognized by The Department of the Navy
The Secretary of the Navy has awarded the Navy and Marine Corps Commendation Medal to Sam Hinson. Please click here to see the actual certificate.

September 2007 Q3 & Q4 shaping up nicely
As the 2007 Fortrex Q3 comes to a close and the 4th quarter about to begin, 2007 has been nothing short of a banner year. "We have substantially grown every line of business YTD and our pipeline is solid. Our consulting practice alone has grown an astonishing 88%", says Chris Konrad SVP Client Services. "We know who we are we do not over extended ourselves and we have the best team of professionals in the industry", says Joshua Lyons Director of Client Services, Sales.

July 2007 SVP Chris Konrad to present at the annual Shift4 Security Summit
SVP of Client Services Chris Konrad of Fortrex, a market leader in PCI DSS services will conduct an lively discussion centered around Visa's Payment Application Best Practices. The discussion will include a proper definition of what it is, how it can be used as a business enabler, common pitfalls, impact if you don't conform, solutions and how to prep before audit. The event will be held September 26 and 27, 2007 at the Rio All-Suite Hotel & Casino in Las Vegas. The meeting will bring together major card associations, acquiring banks, processors, and merchant groups.

July 2007 Fortrex enhances partnership with global distributor
Fortrex has enhanced its roster of leading IT Security, Operational Risk and Compliance offerings with its newly renewed partnership with Westcon. Westcon is the world's leading specialty distributor of advanced network technology solutions. Westcon Group is a significant sales channel for RSA, Fortinet, Secure Computing, Tripwire and many others. "Simply put our clients look to Fortrex for thought leadership and to help make strategic decisions around IT controls. Our partnership with Westcon has enabled us to implement 80% of our clients risk management objectives," says Chris Konrad SVP Client Services.

June 2007 Vendor Management Programs Have Reached a Tipping Point
FREDERICK, Md., June 18 /PRNewswire/ -- According to participants in a recent telephone briefing on Vendor Management conducted by the American Bankers Association, 89 percent of the bankers that responded to a question regarding third-party systems were using an internal vendor management monitoring program. (This was a poll of bankers on that telebriefing and not a statistically valid survey.) While internal systems work for a number of banks, Fortrex believes that procurement and contracts management software fail to address FFIEC standards for vendor especially where the vendor's IT security is a consideration.  Fortrex Technologies(R), a market leader for over 10 years in IT Security, Operational Risk and Compliance consulting, has rereleased its patent pending product, VendorPoint, that addresses a financial institutions major headache, vendor management. VendorPoint, successfully implemented at the nation's largest and most diverse financial intuitions regulated by FDIC, FRB, NCUA, OTS and OCC, has effectively addressed this business issue.

For more information about Fortrex and the VendorPoint brand, please visit http://www.fortrex.com and click on VendorPoint, or go directly to http://www.vendorpoint.net.

June 2007 Fortrex Exceeds Expectations Once Again
For the second consecutive quarter Fortrex has exceeded executive financial estimates. "The new business wins, the impact of earlier cost reductions, subscription revenue and an intense focus on cash flow all worked together to allow us to exceed executive expectations. We believe our strong business pipeline and current cost structure will allow us to continue to meet or exceed expectations," says Joshua Lyons Director of Client Services, Sales.

June 2007: SVP Chris Konrad to speak at Washington D.C. CUCTO Meeting
SVP Chris Konrad will be presenting to a Washington D.C. CUCTO group.  The CUCTO strives to provide networking opportunities for CTOs to meet and discuss technical issues facing Financial Institutions. A recent E&Y survey stated only "one quarter of respondents carry out regularly scheduled reviews of third party service providers; a quarter stated that no audits are carried out on third parties." So if a mistake by a third party service provider can ravage a CU's reputation, a CU that does not develop a methodology to manage TSP's are operating an unacceptable risk level. The presentation on June 26th will highlight various cost effective ways you can assess vendor risk.

May 2007 Fortrex to exhibit VendorPoint at ABA Show
Fortrex will be exhibiting the industries first turn-key vendor due-diligence and Operational Risk management solution at the 2007 ABA Regulatory Compliance Conference. The conference will be held June 3-6, 2007 at the Hyatt Regency Atlanta, Atlanta, GA. For more information please visit http://www.aba.com/Events/RCC.htm

March 2007- Q1 Excellence
For the second consecutive year Fortrex will close out Fiscal Q1 in record fashion. "We have exceeded our expectations with our professional services revenues, growing by nearly 31%", says Chris Konrad SVP Client Services. "Not only is our professional services growing, but the partnerships we have with industry leading technology companies have enabled us to sell high end compliance solutions to organizations that are not our traditional buyers", says Joshua Lyons Sales Director at Fortrex.

In addition, Fortrex continues its rapid pace to recruit top talent in the Mid- Atlantic region. "We have brought on telemarketers, inside sales, engineering, development and consultants and I expect that trend to continue based on our 2007 projections" says, Pamela Avis Sales Operations.

March 2007 Fortrex partners with industry giants to deliver PCI solutions
Fortrex has teamed up with industry giants Hewlett Packard, Apani Networks, and Forrester Research, to conduct a webinar on various PCI trends in the industry effecting businesses. In addition this webinar will also focus on the top issues companies experience when dealing with PCI and compliance audits as well as simple solutions to deploy to meet PCI-DSS. This webinar is to be held April 12th 2007 11:00AM PST. For more information about this special event please send an e-mail to info@fortrex.com.

March 2007 Fortrex SVP Interviewed by eWeek
SVP Chris Konrad was interviewed by Hailey Lynne McKeefry a freelance editor for eWeek magazine. The purpose of the interview was to secure coverage in Hailey McKeefry's upcoming eWeek article, which is part of the strategic partner series. The article will include the perspective from both vendors and reseller partners.

February 2007 Fortrex To Attend 5th Annual Qualys Security Conference
SVP of Client Services Chris Konrad will be attending the fifth annual Qualys Security Conference on May 21st & 22nd 2007 at the Palace Hotel in San Francisco. Fortrex is a member of the Qualys PCI On Demand Partner Program. The Qualys PCI On Demand program is a global PCI compliance solution delivered through select partners around the world.

February 2007 Fortrex Enhances Web Application Security Expertise with SPI Dynamics
With it's ever growing demand for application security testing Fortrex has teamed up with SPI Dynamics a market leader in Web Application Security Assessments. "By adding SPI Dynamics to our tool box, we will be able to deliver the most accurate results the industry has to offer, and we will be able to virtually eliminate all false positives", says Sam Hinson Client Engagement Manager at Fortrex.

Sandy, UT - January 2007 - Assist Cornerstone, the leading provider of cross-channel, real-time enterprise software solutions and Fortrex Technologies, a market leader in providing IT security, operational risk and compliance solutions, announced today that Assist Cornerstone is working toward compliance with the Payment Application Best Practices (PABP) in accordance with Visa USA's Cardholder Information Security Program (CISP).

The requirements for the PABP are derived from the Payment Card Industry Data Security Standard (PCI DSS). The PCI DSS, which can be found at www.pcisecuritystandards.org, details the requirements for PCI compliance (and therefore what a payment application must support to facilitate an application user's PCI compliance).

Utilizing secure payment applications in a PCI DSS compliant environment minimizes the potential for security breaches and compromises of full magnetic stripe data, card validation codes and values (CAV2, CID, CVC2, CVV2), PINs and PIN blocks. Consequently, deployment of secure payment applications will significantly reduce the potential for brand-damaging fraud.

"By taking a proactive approach to PABP compliance, Assist Cornerstone's executive management has demonstrated their dedication and commitment to ensuring the privacy of their clients' data", says Joshua Lyons Director of Client Services, Sales for Fortrex.

January 2007    VIPdesk Awarded PCI Compliance Security Certification
VIPdesk Partners with Fortrex Technologies to Offer a Secure Environment in Virtual Contact Center Industry. VIPdesk, the leading provider of premium home-based contact center solutions and Fortrex Technologies, a market leader in providing IT security, operational risk and compliance solutions, announced today that VIPdesk has been certified to meet Payment Card Industry (PCI) Data Security Standard (DSS) requirements.   For more information visit www.vipdesk.com/info/news_pressreleases_20070131.asp

January 2007        ChargeLogic Undergoes rigorous PABP certification with Fortrex
ChargeLogic has undergone rigorous certification through VISA, Fortrex and First Data including: Visa(r) Cardholder Information Security Program (CISP), Payment Application Best Practices (PABP) Validation, Fortrex Technologies Security Audit and FirstData Payment Application Certification Program. For more information please visit www.chargelogic.com

January 2007        Fortrex SVP Added to the USA Today's Technology Panel
Fortrex SVP of Client Services Chris Konrad has been added to the USA Today's Technology panel and will be sought out for opinions on various technology trends.