News Feed Item

BeyondTrust Continues Momentum with Most Profitable Q1 in Company History

BeyondTrust®, the security industry's only provider of Context-Aware Security Intelligence, continues to build momentum as the global leader in Privileged Account Management and Vulnerability Management. The company finished fiscal 2013 strong as it experienced its fourth straight year of record profitably as evidenced by EBITDA margins approaching 40 percent. Corporate growth has been influenced by a number of factors over the last six months including; significant product updates, noteworthy customer traction and market partnerships, industry accolades, and key executive appointments, to position BeyondTrust for continued market advancement and growth.

Product Updates
BeyondTrust announced the release of BeyondInsight™, a new IT risk management platform that unifies two foundational security methodologies: Privileged Account Management and Vulnerability Management. BeyondInsight provides a common dashboard interface for multiple BeyondTrust solutions, offering centralized asset discovery, reporting, analytics, and other platform capabilities that enable unprecedented synchronization and collaboration between IT and Security operations.

The company continued to strengthen its standalone offerings as well. For instance, version 6.5 of PowerBroker for Windows, a desktop and server privilege management solution, introduced industry-first Vulnerability-Based Application Management (VBAM)™ capabilities. This patent-pending technology enforces least-privilege access based on an application’s known vulnerabilities, as well as their age, potential risk, and impact on regulatory compliance initiatives – and is currently included in the PowerBroker for Windows Risk Compliance module.

BeyondTrust also expanded its Vulnerability Management solution suite with the introduction of BeyondSaaS, an easy-to-use, cost effective cloud-based vulnerability assessment service. This offering enables customers to address requirements for scanning externally facing web pages and IP addresses per the Payment Card Industry Data Security Standard (PCI DSS) and other regulations. The BeyondSaaS release followed the launch of Retina Network Security Scanner Unlimited, a full-featured, unlimited-IP version of the industry’s most mature solution for scanning internal IT assets – priced competitively at $1,200 for a one-year subscription.

Strategic Partnerships/Customer Wins
In April 2014, the Defense Information Systems Agency (DISA) extended its contract with BeyondTrust to provide critical vulnerability assessment and management solutions for the U.S. Department of Defense (DoD). This extension marks the tenth anniversary of the working relationship between the two organizations.

BeyondTrust has grown to more than 4,000 customers and in Q1 2014 alone, experienced a 30% increase in new business bookings growth over Q1 2013. BeyondTrust customers include leading organizations in the government, aerospace and defense, media & entertainment, telecommunications, healthcare, pharmaceutical, education and financial services sectors. CoalFire, an independent information technology governance, risk and compliance (IT GRC) services firm mapped several BeyondTrust solutions to PCI DSS and HIPAA requirements, specifically with regard to VMware virtual IT environments.

Industry Recognition
BeyondTrust was selected as a Finalist for the upcoming Red Herring Top 100 North America awards, which recognizes “the most innovative and influential ventures across the North American high-tech industry.” The company will participate in the final round of judging at the Red Herring conference in May.

March 2014 marked the fifth anniversary of BeyondTrust as an Approved Scanning Vendor (ASV) for the PCI Security Standards Council. It was the company’s Retina Enterprise Vulnerability Management solution that successfully completed PCI Scanning Vendor Compliance Testing.

SC Magazine recognized BeyondTrust’s UVM20 Security Management Appliance with a 5-star rating, referring to it as a “solid product available as an appliance or software-only, and well worth your attention. It is our choice for Best Buy.”

Executive Leadership
BeyondTrust expanded its executive leadership team with the appointment of Kevin Hickey to President and CEO. Mr. Hickey joined BeyondTrust by way of the company's acquisition of eEye Digital Security where he served as Chief Executive Officer and Chairman. Under his leadership, eEye experienced significant growth, launched several market-first security solutions and brought the company back to category leadership. Mr. Hickey was recently chosen as a finalist for the EY Entrepreneur Of The Year™ 2014 Award in the Mountain Desert region. The awards program recognizes entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities.

“2013 was a year of transition for BeyondTrust, as we prepared for accelerated growth in the vulnerability management and privileged account management markets,” said Kevin Hickey, President and CEO, BeyondTrust. “Given our record results thus far in 2014, it’s clear that both markets are indeed healthy and growing, and there are numerous opportunities in both the on-premise and SaaS portfolios. I’m very proud of the rapid growth we’re experiencing and am looking forward to our continued success in the years to come.”

About BeyondTrust
BeyondTrust empowers security-conscious organizations with Context-Aware Security Intelligence, delivering Privileged Account Management and Vulnerability Management solutions that reduce IT security risks and simplify compliance reporting across heterogeneous IT environments.

Our customers not only mitigate user-based risks arising from misuse of system or device privileges, but also identify and remediate asset vulnerabilities targeted by cyber attacks. As a result, they address both internal and external threats, while making every device – physical, virtual, mobile and cloud – as secure as possible. BeyondTrust solutions are unified under the BeyondInsight IT Risk Management Platform, which provides IT and security teams a single, contextual lens through which to view user and asset risk.

More than half of the companies listed on the Dow Jones Industrial Average rely on BeyondTrust to secure their enterprises. Customers include 8 of the world's 10 largest banks, 8 of the world's 10 largest aerospace and defense firms, and 7 of the 10 largest U.S. pharmaceutical companies, as well as renowned universities across the globe.

Follow BeyondTrust
Twitter: http://twitter.com/beyondtrust
Blog: http://blog.beyondtrust.com
LinkedIn: http://www.linkedin.com/companies/beyondtrust
Facebook: http://www.facebook.com/beyondtrust

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
SYS-CON Events announced today that Embotics, the cloud automation company, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Embotics is the cloud automation company for IT organizations and service providers that need to improve provisioning or enable self-service capabilities. With a relentless focus on delivering a premier user experience and unmatched customer support, Embotics is the fas...
DevOps is speeding towards the IT world like a freight train and the hype around it is deafening. There is no reason to be afraid of this change as it is the natural reaction to the agile movement that revolutionized development just a few years ago. By definition, DevOps is the natural alignment of IT performance to business profitability. The relevance of this has yet to be quantified but it has been suggested that the route to the CEO’s chair will come from the IT leaders that successfully ma...
The Internet of Things (IoT), in all its myriad manifestations, has great potential. Much of that potential comes from the evolving data management and analytic (DMA) technologies and processes that allow us to gain insight from all of the IoT data that can be generated and gathered. This potential may never be met as those data sets are tied to specific industry verticals and single markets, with no clear way to use IoT data and sensor analytics to fulfill the hype being given the IoT today.
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
The Quantified Economy represents the total global addressable market (TAM) for IoT that, according to a recent IDC report, will grow to an unprecedented $1.3 trillion by 2019. With this the third wave of the Internet-global proliferation of connected devices, appliances and sensors is poised to take off in 2016. In his session at @ThingsExpo, David McLauchlan, CEO and co-founder of Buddy Platform, discussed how the ability to access and analyze the massive volume of streaming data from millio...
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
SYS-CON Events announced today that Interface Masters Technologies, a leader in Network Visibility and Uptime Solutions, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Interface Masters Technologies is a leading vendor in the network monitoring and high speed networking markets. Based in the heart of Silicon Valley, Interface Masters' expertise lies in Gigabit, 10 Gigabit and 40 Gigabit Eth...
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, will draw together recent research and lessons learned from emerging and established ...
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...