Welcome!

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
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet. In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...