SecurityWorldMarket

28/01/2018

Beyondtrust completes strong financial year

Phoenix, Az

Beyondtrust has reported an extremely strong fourth-quarter and 2017 results, with a significant revenue increase, hundreds of new customers, strong profit margins and a growing channel.

The main highlights of 2017 as reported by the company include over a 50% growth in Powerbroker Password Safe, the company's comprehensive Password Management solution; a 47% growth in multi-product business, highlighting the breadth and depth of Beyondtrust solutions and indicating strong demand for the PAM platform. There was also a 64% growth in channel business demonstrating significant momentum and revenue from cross-sell of new products to existing customers grew by over 40%, which the company believes highlights the value customers receive from Beyondtrust solutions. Over 500 new enterprise customers were added to the growing family of Beyondtrust customers and double-digit growth in revenue, driven by 100%+ growth in the EMEA geographical region, demonstrates continued high demand for Privilege Management solutions.

With these results, the company extended its leadership position with some of the most comprehensive privileged access management (PAM) solutions available today.

In 2017, Beyondtrust helped more than 4,000 customers reduce insider risks and close external security gaps. In addition to adding hundreds of new customers, organisations are leveraging the value of the integrated platform to satisfy maturing privilege requirements, enabling Beyondtrust to expand relationships with existing customers.

“With 80% of data breaches the result of the abuse or misuse of privileged credentials on an endpoint, it’s important for organisations to have a complete and integrated solution to address these risks,” said Kevin Hickey, President and CEO, Beyondtrust. “As a $125M+ global software company, we provide all the necessary privileged access management solutions that security and IT teams demand in the efficiency of a single platform.”


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