Thursday, 22 June 2017

AlgoSec posts strong growth in FY 2015

AlgoSec
Tuesday 16 June 15

AlgoSec, the market leader for Security Policy Management, today announced its seventh consecutive year of profitability, reporting a 45% bookings growth in the financial year ending 2015 and achieving record breaking revenue and profitability. AlgoSec currently has over 1,500 enterprise customers, including 15 of the Fortune 50 and 200 of the Global 2000 companies, in over 50 countries worldwide. Key Company highlights for FY2015 include: Business: ? The Company added nearly 200 new enterprise customers, including 31 Global 2000 companies in FY2015…

AlgoSec, the market leader for Security Policy Management, today announced its seventh consecutive year of profitability, reporting a 45% bookings growth in the financial year ending 2015 and achieving record breaking revenue and profitability.

AlgoSec currently has over 1,500 enterprise customers, including 15 of the Fortune 50 and 200 of the Global 2000 companies, in over 50 countries worldwide.

Key Company highlights for FY2015 include:

Business:

? The Company added nearly 200 new enterprise customers, including 31 Global 2000 companies in FY2015. Additionally, the Company recorded an unprecedented number of seven-digit deals.
? Over 80 percent of new deals included multiple modules of the AlgoSec Security Management Suite, as customers embrace a business approach together with automation as their security policy management strategy.
? AlgoSec now has more than 300 channel partners worldwide. AlgoSec’s partner program was awarded five stars by CRN Magazine and recognized - for the fifth year running - as having one of the most innovative IT channel programs worldwide.

Partnerships:

? In 2015, AlgoSec partnered with VMware in order to support their Software Defined Data Center (SDDC) and NSX network virtualization platform. With this partnership, AlgoSec adds to its roster of industry leading vendors with whom it integrates. These vendors include Check Point Software Technologies, Cisco, Fortinet, Juniper, Palo Alto Networks, and many others.

? To support the growing demand for AlgoSec’s solutions in APAC, AlgoSec and Hillstone Networks announced a strategic alliance and developed an integrated offering.

Company Expansion:

? AlgoSec expanded its global footprint with a new Asia-Pacific support center. The center reinforces AlgoSec’s commitment to provide global 24x7 support to any customer wherever they are located.

Over the course of the year, AlgoSec introduced a number of enhancements to its solutions that unify security policy management across on-premises and public cloud environments, delivering visualization of application connectivity across the data center. The solutions enable enterprises to automate connectivity processes for large-scale server migration and decommissioning projects, as well as the management and enforcement of network segmentation policies to help protect against cyber-attacks, data leaks and ensure compliance with industry regulations.
AlgoSec also released version 6.8 of its Security Management Suite to automate provisioning of business application connectivity across dynamic, hybrid data centers. The suite greatly simplifies the migration of individual servers, or entire applications to the public cloud, and ensure required connectivity remains secure and compliant, irrespective of the underlying security controls in use. The new release also provides full analysis of Amazon Web Services (AWS) Security Groups to extend visibility and unify security policy management across the hybrid data center.

“Companies are under pressure to securely deliver more business applications with greater agility. With the rapidly increasing number of cyber threats, an increasingly complex IT environment, and serious challenges in recruiting IT talent, companies must turn to automation to manage security at the speed of business. This is fueling a huge surge in demand for AlgoSec’s solutions,” said Yuval Baron, CEO of AlgoSec. “We are extremely pleased with our record year, and look forward to continuing to deliver our unique combination of innovative security solutions that power the business coupled with an unparalleled dedication to customer service and success. I would also like to take this opportunity to thank our customers, partners and employees for making this the best year ever for AlgoSec.”

The AlgoSec Security Management Suite delivers a complete, integrated solution for managing complex network security policies -- from the business application layer to the network infrastructure. With powerful visibility across virtual, cloud and physical environments, the AlgoSec Suite automates the entire security change management process to accelerate application delivery while ensuring security and compliance.


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