BeyondTrust, the global cyber security company dedicated to proactively eliminating data breaches from insider privilege abuse and external hacking attacks, has posted strong results for the second quarter of 2018 and the year to date in its latest report.
The company highlights a significant revenue increase, hundreds of new customers, accelerating growth outside of the North American market and a burgeoning channel.
The announcement focuses on over 100% revenue growth in PowerBroker Password Safe, 60% revenue growth in the company’s multi-product business (highlighting the breadth and depth of BeyondTrust’s solutions) and upwards of 25% growth in revenues from cross-selling new products to existing customers, duly reflecting the value customers receive from its solutions.
Nearly 200 new organisations have been added to the growing family of BeyondTrust customers with over 50% growth in the EMEA and Asia Pacific regions and an 80% uptick across the Latin America zone.
As IT leverages next generation technologies including cloud infrastructure and the Internet of Things, and business processes like DevSecOps in their environments, enterprises are optimistic about the business benefits these technologies can bring. In fact, in a recent BeyondTrust survey, 90% of enterprises pointed out that they’re already engaged with at least one next generation technology or process, yet 78% of respondents cited security risks associated with such technologies as being somewhat to extremely large.