Welcome!

News Feed Item

Network Security Intelligence Leader FireMon Delivers Most Successful First Quarter in Company History

123% Growth in Q1 2014 Fueled by New Customer Wins and Expansion in Global Markets, Sets Stage for Record 2014

OVERLAND PARK, KS -- (Marketwired) -- 04/10/14 -- FireMon, the leading provider of proactive security intelligence solutions, today announced its strongest first quarter business performance in company history. Fueled by robust growth across the board that included a 123% increase in quarter-over-quarter sales, FireMon is the only company offering high-performance, massively scalable, network security intelligence solutions that integrate both security risk assessment and security infrastructure management. First quarter 2014 highlights include:

Corporate Milestones

  • 123 percent sales growth compared to Q1 2013 due to new customer acquisition, global markets expansion, and repeat purchases by customers expanding defense automation

  • 26 percent employee growth to satisfy unprecedented worldwide demand, with key company additions in sales, marketing, engineering and customer support

  • Doubled the size of the North American sales force by adding sales veterans in New England, Mid-Atlantic, Midwest, Rocky Mountains, California, and Canada

  • Engaged with more than 50 federal agencies participating in the $6 billion Department of Homeland Security Continuous Diagnostics and Mitigation (CDM) program

"Securing large networks continues to be a daunting task, as major data breaches in recent headlines confirm," said Jody Brazil, President and CTO of FireMon. "The world's leading enterprises, government agencies and MSSPs trust our people, technology and platform to provide them with the real-time visibility and intelligence needed to proactively automate and fortify their network defenses. We are committed to helping IT security teams answer 'Yes' to their most critical cybersecurity question: 'Are we more secure today than we were yesterday?'"

Customer Validation

  • 45 percent growth in new account wins compared to Q1 2013, including Frontier Airlines, Michaels Stores, Nuveen, Sony Music Entertainment, The Jones Group, and World Bank in North America; and Aguas Andinas, CODELCO, Genpact, Meritz, and Mindray Medical in EMEA, APAC and LATAM

  • 54 percent of FireMon customers worldwide reported payback on their investment in 12 months or less, according research by customer evidence expert TechValidate

  • Firewall rule reduction of 50 percent or more was achieved by 17 percent of FireMon customers, while 40 percent of FireMon customers saw reductions of 25 percent or more

  • 16 customer case studies document the challenges, use cases and results delivered by FireMon solutions in the banking, chemical, energy, healthcare, government, hospitality, pharmaceutical, transportation, and utility sectors

Channel Momentum

"We grew our FireMon business more than 400 percent in the first quarter of 2014," said Dan Wilson, SVP of Partner Solutions at Accuvant, a nationwide U.S. security solution provider. "We expect this growth to continue based on strong demand from our customers and FireMon's continued innovation and industry leadership."

  • Over 100 percent growth in quarter-over-quarter sales by channel partners worldwide, with market coverage investments completed in Singapore, Australia, Brazil and Mexico

  • Engaged Federal expert immixGroup to supply Security Manager and Risk Analyzer via their GSA Schedule, easing DHS CDM solution procurement for federal agencies

  • Partnered with DHS CDM prime contractors Lockheed Martin and SRA International to deliver Continuous Monitoring as a Service (CMaaS) to federal sector organizations

  • Secured third straight CRN Channel Chief award for Vice President of Channels Todd DeBell, who has established FireMon as a leading edge, channel-focused business

  • Achieved second consecutive CRN 5-Star rating for the Ignite Channel Partner Program, which delivers qualified leads, effective training and profitable deal registration programs

Industry Leadership and Partnerships

  • Demonstrated automated firewall, router and switch device management, and continuous compliance assessment, at the CiscoLive user conference in Barcelona and Melbourne

  • Detailed best practices for migrating network defenses to next-generation firewalls with a case study by a global engineering firm at the Palo Alto Networks Ignite user conference

  • Led "Security Metrics - Which Matter, Which Can You Measure?" executive session at RSA Conference 2014, which shared metrics-based security models and processes

About FireMon
FireMon is the industry leader in proactive security intelligence solutions for large organizations that deliver continuous control of infrastructure, policy and IT risk. The FireMon Security Intelligence Platform is a massively scalable, high-performance foundation for network risk detection, change workflow automation, firewall rule base clean-up, compliance audit assessment and security operations cost reduction. For more information, visit http://www.firemon.com.

Add to Digg Bookmark with del.icio.us Add to Newsvine

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), provided an overview of various initiatives to certify the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldwide re...
Both SaaS vendors and SaaS buyers are going “all-in” to hyperscale IaaS platforms such as AWS, which is disrupting the SaaS value proposition. Why should the enterprise SaaS consumer pay for the SaaS service if their data is resident in adjacent AWS S3 buckets? If both SaaS sellers and buyers are using the same cloud tools, automation and pay-per-transaction model offered by IaaS platforms, then why not host the “shrink-wrapped” software in the customers’ cloud? Further, serverless computing, cl...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Join us at Cloud Expo June 6-8 to find out how to securely connect your cloud app to any cloud or on-premises data source – without complex firewall changes. More users are demanding access to on-premises data from their cloud applications. It’s no longer a “nice-to-have” but an important differentiator that drives competitive advantages. It’s the new “must have” in the hybrid era. Users want capabilities that give them a unified view of the data to get closer to customers and grow business. The...
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
It is ironic, but perhaps not unexpected, that many organizations who want the benefits of using an Agile approach to deliver software use a waterfall approach to adopting Agile practices: they form plans, they set milestones, and they measure progress by how many teams they have engaged. Old habits die hard, but like most waterfall software projects, most waterfall-style Agile adoption efforts fail to produce the results desired. The problem is that to get the results they want, they have to ch...
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, discussed some of the security challenges of the IoT infrastructure and related how these aspects impact Smart Living. The material was delivered interac...
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities. In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, posited that disruption is inevitable for comp...
In 2014, Amazon announced a new form of compute called Lambda. We didn't know it at the time, but this represented a fundamental shift in what we expect from cloud computing. Now, all of the major cloud computing vendors want to take part in this disruptive technology. In his session at 20th Cloud Expo, Doug Vanderweide, an instructor at Linux Academy, discussed why major players like AWS, Microsoft Azure, IBM Bluemix, and Google Cloud Platform are all trying to sidestep VMs and containers wit...
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations might...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...