SecurityCoverage Announces Solid First-Quarter Results

Online, June 17, 2011 (Newswire.com) - Cedar Rapids, IA - SecurityCoverage, Inc., a privately owned computer software and technical support services provider, has announced its first quarter 2011 revenue and subscriber results. "As expected, we were able to deliver solid increases across both revenue growth and product subscriber counts for the first quarter of 2011," said Robert O'Dell, President and CEO of SecurityCoverage, Inc.:

Q1 2011 revenue grew 36% year-over-year
Q1 2011 product subscriber counts grew 12% year-over-year

SecurityCoverage also announced company expansion and hiring plans within the first quarter, with expected new and renewed partnerships fueling market share and further growth. "Once again our good partnerships with Internet service providers, telecommunications and cable companies, electronic retailers, and value added resellers have achieved strong performance in these solid first quarter results," said O'Dell.

The ever-improving capacity and speed of the Internet means an expanding customer base with an expectation of security, backup and other advantages as part of their Web experience. SecurityCoverage provides an enhanced end-user computer experience with its suite of Internet security protection, online data backup, password management, virtual PC repair, help desk support and customer portal framework options. The products allow ISPs, resellers, cable companies and other partners from across the country to provide these benefits to their Internet customers without having to develop and manage the applications themselves, thus fully realizing profitability.

SecurityCoverage has made a commitment to continue to develop and expand partnerships further throughout the country. Said O'Dell, "Our investment in the partner channel is evident through our progress and results in the first quarter. In addition, we have several new initiatives and offerings underway that will help our partner channel continue to strengthen their brands with highly demanded customer offerings."